6304 Mooresville Rd Kannapolis, NC 28081
This exceptional 109-acre parcel presents a remarkable opportunity for residential development in Kannapolis, North Carolina. Located at 6304 Mooresville Rd, 28081, this property boasts approximately 190 feet of frontage along Mooresville Road, offering excellent visibility and accessibility. Currently zoned AO (Agriculture Open) within unincorporated Cabarrus County, the land falls under the planning jurisdiction of Kannapolis. Significantly, Kannapolis' recently updated Comprehensive Land Use Plan designates this area for "Cluster Residential" development, paving the way for a variety of residential projects. The site's strategic location is approximately 0.65 miles west of the intersection of Kannapolis Parkway and Mooresville Road, providing convenient access to major thoroughfares. Furthermore, future water infrastructure improvements are planned, with the Yadkin River Water Supply Agency (WSACC) expanding capacity by 3.5 million gallons per day (MGD) in 2024 and an additional 4 MGD planned by 2027. This expansion significantly enhances the long-term viability and attractiveness of this development site. The asking price for this expansive tract is $4,595,000. Detailed information, including an interactive drone 360° tour, is available.
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
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No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.