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    2517 Lane St Kannapolis, NC 28083

    For Sale
    $400,000

    2.6-acre lot, 3183 sq ft building, $400,000

    Property size:
    3,183 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 2.6-acre property located at 2517 Lane Street in Kannapolis, North Carolina, presents a unique commercial investment opportunity. The 3,183 square foot building, currently used residentially, sits on a spacious lot and offers significant potential for various commercial ventures. Conveniently situated near I-85, providing easy access to major transportation routes, this property boasts a prime location. The property features a recently installed, high-efficiency Rheem HVAC unit (installed March 29, 2023, costing $13,000). Zoned for both Office Institutional (OI) and Residential use, prospective buyers should verify permitted uses with the City of Kannapolis Zoning department to ensure alignment with their business plans. The existing structure is a beautiful brick building, offering a solid foundation for redevelopment or continued use. The expansive lot provides ample space for expansion, parking, or outdoor operations. This versatile property combines the benefits of a prime location with the flexibility of dual zoning, making it an attractive investment for a wide range of commercial enterprises. The asking price is $400,000. Don't miss this chance to acquire a substantial commercial property in a thriving area.

    Property Features for 2517 Lane St

    General Information

    Property type
    Land
    Square Feet
    3,183 SF
    Lot Size
    113,256 SF

    HighLights

    • 2.6‑acre commercial lot at 2517 Lane Street, Kannapolis, NC.
    • 3,183 SF building, currently residential, offers redevelopment potential.
    • Prime I‑85 location for easy access to major transportation routes.
    • New Rheem HVAC system (installed March 29, 2023, $13,000).
    • OI and Residential zoning; buyer to verify permitted uses with Kannapolis.
    • $400,000 asking price.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kannapolis
    County
    CABARRUS
    State
    North Carolina
    Longitude
    -80.5770653
    Latitude
    35.5016904

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    FAQs

    What type of property is this?
    Land - 2.6-acre lot, 3183 sq ft building, $400,000
    Where is this land located?
    The property is located at 2517 Lane St Kannapolis, NC.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 2.6-acre commercial lot at 2517 Lane Street, Kannapolis, NC.; 3,183 SF building, currently residential, offers redevelopment potential.; Prime I-85 location for easy access to major transportation routes.
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    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
    2517 Lane St Kannapolis, NC 28083
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