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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

806 Mount Olivet Rd Kannapolis, NC 28083

1.11 ac lot Built 1970
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1970
Lot 1.11 ac (48,352 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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