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Property profile & analytics
OFF-MARKET
Office Spaces

215 Main St Kannapolis, NC 28081-3215

2,470 SF 0.3 ac lot Built 1920
Entity Owned 2-yr Hold Free & Clear
Property ID
US53-2227953
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1920
Total area 2,470 SF
Lot 0.3 ac (12,870 SF)
Zoning code CC
APN 5613 69 2034
UPID US53-2227953
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
City Of Kannapolis · 2 yrs held
City Of Kannapolis
since 2023
Last sale
$62,000
2 recorded transactions
2023
$62,000
2022
$4.3M
Zoning & alternative use
CC · Kannapolis, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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