215 Main St Kannapolis, NC 28081-3215
- Office Properties & Spaces
- 2,470 SF
- 0.30 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 215 Main St
- Year built
- 1920
- Lot size
- 0.30 lot acres
- Property size
- 2,470 SF
- Zone code
- CC
- Property type
- Office Properties & Spaces
- APN
- 5613 69 2034
- APU
- 5613692034
Description
This exceptional retail opportunity is located in the vibrant Vida Kannapolis development, a dynamic mixed-use project in the heart of Downtown Kannapolis, NC. The property boasts a total of 466,246 square feet, situated on 1.5 acres of land. The five available retail spaces range from 1,561 to 3,777 square feet, ideal for a variety of businesses. The building, completed in 2021, is a five-story structure with elevators, and is zoned CC. Vida Kannapolis is part of a revitalized downtown area, featuring a newly completed $30 million streetscape with water fountains, a $60 million baseball field (Atrium Health Ballpark), and over 170,000 square feet of renovated retail space. The property benefits from its proximity to other key attractions, including the Swanee Theater, Veterans Park, and the West Avenue District Shopping Center. A 400-car parking garage and a 289-unit upscale apartment building further enhance the area's appeal and provide a large potential customer base. Current co-tenants include a nail spa and a wine bar. This prime location offers unparalleled visibility and access to a thriving community experiencing significant growth and investment. The property's modern design and convenient amenities make it an attractive option for businesses seeking a high-profile location in a rapidly developing downtown area. The address is 215 S Main St, Kannapolis, NC 28081.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $65,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $55,000
- 6.5%
- $55,000
- 7%
- $50,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $60,000
- Geo Method
- $50,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $50,000
- Retail
- $45,000
- Mixed-Use
- $60,000
- Hospitality
- $55,000
- Educational
- $50,000
- Residential Income
- $55,000
- Energy
- $55,000
- Income-Based Land
- $50,000
- Food Service
- $55,000
Location Insight
- Map
- Local Demand
- City
- Kannapolis
- County
- Cabarrus
- State
- North Carolina
- Longitude
- -80.6254
- Latitude
- 35.495
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
