653 14Th StKannapolis, NC 28083
- Commercial land
- 0.88 AC
Property Details for 653 14Th St
- Year built
- 1983
- Lot size
- 0.88 AC
- Property type
- Commercial land
- APN
- 159 284
- APU
- 159284
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $10,577,577
- Hospitality
- $9,689,003
- Educational
- $8,061,137
- Medical
- $8,338,372
- Retail
- $12,539,547
Location Insight
- City
- Kannapolis
- County
- Rowan
- State
- North Carolina
- Latitude
- 35.5119
- Longitude
- -80.6095
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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