Property profile

653 E 14Th St Kannapolis, NC 28083

FOR SALE
Commercial land
Property ID
US53-2416687
0.88 ac lot Built 1983
Individually Owned 11-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1.27-acre commercial land parcel presents a prime investment opportunity in Kannapolis, North Carolina. Located at the hard corner of East 14th Street and US Highway 29 (Cannon Boulevard), this property boasts significant visibility and accessibility due to its strategic location and a functioning traffic signal. Zoned C2, this lot offers flexibility for a variety of commercial and retail uses. The site benefits from approximately 300 feet of road frontage, providing ample space for development. According to the North Carolina Department of Transportation, this area experiences an average daily traffic volume of 17,000 vehicles, ensuring high exposure for any business established here. This is one of three available lots, allowing for potential expansion or the acquisition of adjacent parcels. The seller allows for rent bumps. The property is seller-owned and ready for immediate development. This prime location in Rowan County, on the Kannapolis side of Highway 29, offers a unique chance to capitalize on a high-traffic area with excellent visibility and potential for significant return on investment. The adjacent lots, totaling 1.65 and 0.38 acres respectively, are also available for purchase, presenting an opportunity to acquire a larger contiguous land holding.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1983
Lot 0.88 ac (38,333 SF)
APN 159 284
UPID US53-2416687

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

653 E 14Th St Kannapolis, NC 28083
Kannapolis metro Census 51400 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2015
2 recorded transactions
2015
Price N/A
2015
$122,275

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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