2115 Cannon BlvdKannapolis, NC 28083

Property Details for 2115 Cannon Blvd

Year built

1940

Lot size

1.32 AC

Property size (Sq ft)

2,648 SF

Zone code

C1:NEIGHBORHOOD COMM

Property type

Retail properties

Property subtype

Turn key restaurants

APN

161 081

APU

161081

Description

This exceptional 3,150 square foot retail property is ideally situated at 2115 N Cannon Blvd in Kannapolis, North Carolina, within Rowan County. The entire space is currently vacant, presenting a unique opportunity for a single tenant to establish a prominent presence in a thriving community. The property's classification is commercial retail, offering significant potential for a wide range of businesses. Its single-tenant occupancy ensures complete control and customization for the future occupant. The building's total square footage is 3,150 square feet, providing ample space for various retail operations. The property's location in Kannapolis, NC, zip code 28083, offers convenient access to major roadways and a substantial customer base. This is a remarkable chance to secure a well-positioned retail space in a growing market. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to explore this opportunity further. The geographic coordinates are latitude 35.5233759 and longitude -80.6119248.

• CAP approach

  CAP return

  Valuation

  6%

  $938,402

  6.5%

  $866,218

  7%

  $804,345

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,129,999

  Geo Method

  $1,129,999

• Alternative Use

  Use

  Valuation

  Residential

  $730,687

  Hospitality

  $669,305

  Educational

  $556,854

  Medical

  $576,005

  Retail

  $866,218

Location Insight

City

Kannapolis

County

Rowan

State

North Carolina

Latitude

35.5232

Longitude

-80.6121

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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