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    Property profile & analytics
    FOR SALE
    Retail space

    1201 N Cannon Blvd, Kannapolis, NC 28083

    1,920 SF 0.29 ac lot Built 1954
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US53-2945648
    Property summary
    AI-generated overview

    This 1,920 square foot retail space is ideally situated on Cannon Boulevard in Kannapolis, NC, offering exceptional visibility and accessibility. The property boasts a prime location with high traffic counts, ensuring significant exposure for your business. The 0.52-acre lot provides ample parking for both customers and employees, a significant advantage in a busy commercial area. This presents a fantastic opportunity for a new business seeking a strong foothold in a growing market or for an established business looking to relocate to a more prominent location. The property's proximity to the revitalized downtown Kannapolis area further enhances its appeal, placing it within easy reach of a vibrant community and a diverse customer base. The building offers significant potential for a variety of retail uses, making it an attractive investment opportunity. The asking price of $350,000 reflects the property's prime location and significant potential for return on investment. Don't miss this chance to secure a thriving retail space in a dynamic and up-and-coming area. Contact us today to schedule a viewing.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1954
    Total area 1,920 SF
    Lot 0.29 ac (12,458 SF)
    Zoning code C2:HIGHWAY COMMERCIAL
    APN 150 040
    UPID US53-2945648
    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
    Current use
    Occupant on record · Public records
    • L & J Newsstand (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Jrs East Side Properties LLC · 5 yrs held
    Jrs East Side Properties LLC
    since 2020
    Last sale
    $175,000
    1 recorded transaction
    2020
    $175,000
    Zoning & alternative use
    C2:HIGHWAY COMMERCIAL · Kannapolis, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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