0 25Th St Kannapolis, NC 28083
Exceptional opportunity to acquire nearly 40 acres of land ideally situated in Kannapolis, North Carolina. This expansive property offers convenient access to downtown China Grove and Kannapolis, with the added benefit of easy connectivity to Interstate 85. The land is comprised of two distinct parcels. The first parcel, encompassing 6.68 acres and identified by PIN 5624-18-29-6829 (Parcel ID 140 0410000001), is located within Kannapolis city limits and zoned R-8. The second parcel, significantly larger at 32.93 acres and identified by PIN 5625-18-30-6234 (Parcel ID 140 0410000002), is currently situated in Rowan County, outside the Kannapolis city limits, but possesses the potential for future city incorporation. The property is beautifully wooded and presents a unique development opportunity. The asking price for this substantial land holding is $700,000. Zoning for the parcels is R-8 and R-4 respectively. This presents a rare chance to acquire a large tract of land in a rapidly growing area with excellent infrastructure access.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.