2306 Cannon BlvdKannapolis, NC 28083
- Office properties
- 6,055 SF
Property Details for 2306 Cannon Blvd
- Year built
- 1949
- Lot size
- 0.48 AC
- Property size (Sq ft)
- 6,055 SF
- Zone code
- R4
- Property type
- Office properties
- APN
- 5622 07 7043
- APU
- 5622077043
Description
This exceptional commercial property, located at 2306 S. Cannon Blvd in Kannapolis, NC (zip code 28083), presents a unique investment opportunity. The property boasts a total of 1,665 square feet across two stories, situated on a 0.48-acre corner lot with approximately 100 feet of road frontage. Its strategic location at the busy intersection of S. Cannon Blvd./Hwy 29 and Michigan St ensures high visibility and accessibility. The property is zoned C-2, accommodating a wide array of commercial uses, including retail, office, and service establishments. The existing structure is a two-story building with an unfinished basement, offering potential for complete redevelopment or renovation to suit a variety of commercial needs, subject to Kannapolis city approval. The property's tax parcel ID is 5622-07-7043-0000. This prime location and flexible zoning make this an ideal investment for entrepreneurs and developers seeking a high-traffic, high-visibility location in a growing area. The asking price for this exceptional property is $450,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,459,715
- 6.5%
- $1,347,429
- 7%
- $1,251,184
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,025,354
- Geo Method
- $1,025,354
-
Alternative Use
- Use
- Valuation
- Residential
- $1,670,812
- Hospitality
- $1,530,455
- Educational
- $1,273,320
- Medical
- $1,317,112
- Retail
- $1,980,720
Location Insight
- City
- Kannapolis
- County
- Cabarrus
- State
- North Carolina
- Latitude
- 35.4623
- Longitude
- -80.6096
- 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
FAQs
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