653 14Th StKannapolis, NC 28083

  • Commercial land
  • 0.88 AC
For Sale
$274,900 View listing

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
653 14Th St, Kannapolis, North Carolina

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,228
$184,150
-
$184,150
-
$184,150
-
$184,150

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