700 Cannon Blvd Kannapolis, NC 28083-3798

This exceptional investment opportunity presents a fully leased, 22,658-square-foot mixed-use property located at 700 N Cannon Blvd in Kannapolis, NC. The property, built in 1945 and extensively renovated in 2022, features a diverse tenant mix across nine units within a single, one-story building. The flexible space is comprised of approximately 15,000 square feet of industrial/flex space and the remaining area dedicated to office and retail uses. Boasting a prime location with high visibility on US Highway 29, the property benefits from ample frontage, multiple access points, and 58 parking spaces. The 1.2-acre lot is zoned C-2, and the property includes one loading dock. This NNN-leased property offers a strong return on investment, supported by 100% occupancy and the robust growth of Kannapolis. The area boasts strong population growth, proximity to major employment centers, and a high consumer spending base exceeding $82 million within a one-mile radius in 2023. The asking price is $1,987,500, translating to $87.72 per square foot. This represents a compelling opportunity to acquire a well-maintained, high-performing asset in a thriving market. The property's recent renovations include new paint, flooring, exposed ceilings, HVAC, and lighting. Its strategic location near the intersection of Cannon Boulevard and Lane Street, a major thoroughfare with over 30,000 vehicles daily, ensures excellent accessibility and exposure. Kannapolis's economic transformation into a research hub and its recognition as a top city for corporate headquarters further solidify this investment's potential. The property's APN is 5624-12-2288-0000.