Current Use by Public Records
- Retail properties & Spaces
Property Details for 806 Mount Olivet Rd
- Year built
- 1970
- Lot size
- 1.11 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional commercial property presents a rare opportunity in Kannapolis, NC. Boasting a highly desirable location at the intersection of Mt. Olivet Road and Highway 29, this 1.11-acre lot offers significant visibility and accessibility. The property includes two existing buildings, providing immediate income potential or redevelopment possibilities. The larger building, encompassing 2240 square feet, is divided into three separate units, offering flexibility for various tenants or uses. The second building, measuring 1440 square feet, features a unique second-story space accessed from the exterior. The potential total acreage could extend to approximately 2 acres, including a vacant lot situated behind the main commercial buildings. This prime location provides excellent exposure to high traffic volume on Highway 29, making it ideal for a variety of retail businesses. The property's size and configuration offer considerable flexibility for expansion, redevelopment, or continued operation as a multi-tenant retail center. The asking price for this exceptional opportunity is $1,500,000. This is a turnkey investment with immediate potential for growth and return. Don't miss this chance to acquire a prominent commercial property in a thriving Kannapolis location.
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
- -80.6077
- Latitude
- 35.4555
