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Property profile & analytics
OFF-MARKET
Commercial real estate

2200 Cannon Blvd Kannapolis, NC 28083

1.2 ac lot
Property ID
US53-0820027
Property summary
AI-generated overview

This exceptional 1.2-acre property, located at 2200 South Cannon Boulevard in Kannapolis, North Carolina, presents a unique mixed-use development opportunity. Boasting 280 feet of frontage along the main retail corridor of Kannapolis (S. Cannon Blvd.), which sees over 23,000 vehicles per day, this site offers unparalleled visibility and accessibility. The property's mixed zoning permits both commercial and residential development. Commercial uses permitted along S. Cannon Blvd. include, but are not limited to, bank branches, car washes, coffee shops, quick-service restaurants, and strip center developments. The residential zoning, designated as Residential 4, allows for medium-lot suburban neighborhoods with single-family detached homes, accommodating a maximum density of four units per acre. This prime location is surrounded by numerous national and regional retailers, including Walmart, Lowe's, Aldi, Wendy's, Taco Bell, Bojangles, McDonald's, Food Lion, and Big Lots, ensuring high traffic and strong consumer demographics. The asking price for this exceptional investment opportunity is $725,000. This property is situated in Cabarrus County, NC, zip code 28083.

Property profile
Verified
Property type Commercial real estate
Lot 1.2 ac (52,272 SF)
UPID US53-0820027
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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