Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Loop Rd Kannapolis, NC 28081

    For Sale
    Contact for pricing

    20-Acre Multifamily Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 20-acre parcel presents a prime development opportunity for garden-style apartments in Kannapolis, NC. Located within the North Carolina Research Center, this CC-zoned property boasts no density limitations for apartment construction. Crucially, it includes pre-approved sewer allocation, a highly sought-after asset in Cabarrus County. The site offers convenient access to Atrium Health Ballpark, a vibrant downtown social district, and numerous retail and dining options along Main Street. Water and sewer utilities are conveniently located on-site with three existing access points. The Kannapolis City Council, via Resolution #2022-51 (September 27, 2022), formally awarded wastewater allocation entitlement for this development. This is a rare opportunity in Cabarrus County. The property's proximity to Village Park, connected via an underpass beneath Loop Road, is a significant advantage. Development plans must incorporate pedestrian connectivity to this underpass, as per city and seller requirements. Furthermore, its location within an Opportunity Zone offers substantial tax advantages for investors. The North Carolina Research Center, a $200 million investment focused on health and nutrition, houses NC State and UNC facilities. Kannapolis's own $100 million downtown revitalization initiative further enhances the property's value and potential. This is a truly unique opportunity to build in a thriving, rapidly developing area.

    Property Features for 0 Loop Rd

    General Information

    Property type
    Land
    Lot Size
    871,200 SF

    HighLights

    • Prime development site for garden‑style apartments.
    • Zoned CC, allowing unlimited apartment density.
    • Rare sewer allocation secured, a significant advantage in Cabarrus County.
    • Located in the NC Research Center, walkable to Atrium Health Ballpark, restaurants, shopping, and breweries in a designated social district.
    • Situated within the $200 million NC Research Center campus, occupied by NC State and UNC.
    • Benefits from Kannapolis's over $100 million downtown revitalization investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Kannapolis
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.630012
    Latitude
    35.503464

    Nearby Similar for Sale

    • $539,900
      0.22 Acres

      New Construction Duplex Investment Opportunity

      New construction duplex in Kannapolis, designed for cash flow.
      Arden Ave, Kannapolis, NC 28081
      View Details
    • $250,000
      0.14 Acres

      Updated Duplex in Revitalized Kannapolis

      Turn-key duplex in booming Kannapolis, ideal for investors.
      659 Wilson St, Kannapolis, NC 28083
      View Details
    • $800,000
      0.27 Acres

      High-Traffic Commercial Building For Sale

      Full-brick building in high-traffic area, ideal for investment.
      2960 Dale Earnhardt Blvd, Kannapolis, NC 28083
      View Details
    • $349,900
      0.30 Acres

      Kannapolis Duplex with Mixed Zoning

      Duplex in good condition with hardwood floors and mixed zoning.
      2040 Kannapolis Hwy, Kannapolis, NC 28031
      View Details
    • $175,000
      0.18 Acres

      Kannapolis Commercial Space For Sale

      Commercial space suitable for salon or office use in Kannapolis.
      811 Lakeview St, Kannapolis, NC 28083
      View Details
    • $539,900
      0.91 Acres

      New Construction Duplex Investment Opportunity

      Modern duplex in Kannapolis, NC, ideal for investors.
      Pleasant Ave, Kannapolis, NC 28081
      View Details

    FAQs

    What type of property is this?
    Land - 20-Acre Multifamily Development Site
    Where is this land located?
    The property is located at Loop Rd Kannapolis, NC.
    What are key features of this property?
    This property features: Prime development site for garden-style apartments.; Zoned CC, allowing unlimited apartment density.; Rare sewer allocation secured, a significant advantage in Cabarrus County.
    (704) 231-2762
    Request Owner's contact information
    Loop Rd Kannapolis, NC 28081
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Loop Rd
    Kannapolis, NC 28081
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Loop Rd Kannapolis, NC 28081
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.