Current Use by Public Records
- Land
Property Details for 0 Loop Rd
- Lot size
- 20.00 lot acres
- Property type
- Land
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kannapolis
- County
- Cabarrus
- State
- North Carolina
- Longitude
- -80.63
- Latitude
- 35.5035
