0 Fox Ave Kannapolis, NC 28083
This exceptional 0.38-acre parcel of land, located in Kannapolis, North Carolina, presents a compelling investment opportunity. Zoned C-2, this property boasts prime frontage on US Highway 29/Cannon Boulevard, a high-traffic corridor with an average daily traffic count of 17,000 vehicles, according to the North Carolina Department of Transportation. Currently accessed via Fox Avenue (a dirt road), this lot offers significant potential for commercial development. A unique advantage is the possibility of combining this parcel with two adjacent lots, totaling 1.27 and 1.65 acres respectively, for a combined 400 feet of highway frontage. These additional properties are separately listed and offer further expansion opportunities. The combined acreage would provide substantial visibility and accessibility for any commercial venture. The property's Assessed Parcel Number (APN) is 159 309. The asking price for this 0.38-acre lot is $175,000. This property is seller-owned. The location is in Rowan County, North Carolina, with a zip code of 28083. The latitude and longitude coordinates are 35.5130396 and -80.6105099, respectively.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.