910 Fairview StKannapolis, NC 28083

Property Details for 910 Fairview St

Year built

1976

Construction

STEEL FRAME

Lot size

10.94 AC

Property size (Sq ft)

3,000 SF

Zone code

R8

Property type

Office properties

APN

5623 26 3115

APU

5623263115

Description

This 10.94-acre property located at 910 Fairview St, Kannapolis, NC 28083, presents a unique redevelopment opportunity. Currently zoned R8, it offers significant potential for medium-density residential construction. The property's APN is 5623-26-3115-0000. Currently utilized as a commercial office building housing local radio stations, the site features existing antennas. These antennas could be removed by the seller or potentially repurposed for cell tower use, subject to necessary permits. The land is situated amidst established residential neighborhoods, making it an ideal location for a new residential development. A portion of the lot falls within a designated floodplain, which could be incorporated to satisfy greenspace requirements for any future project. The property's strategic location near the Rt-29 Corridor in Cabarrus County further enhances its appeal. The asking price for this exceptional parcel is $656,000. This represents a compelling investment opportunity for developers seeking to capitalize on the growing residential demand in Kannapolis. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $723,228

  6.5%

  $667,595

  7%

  $619,909

• Comparable approach

  Method

  Valuation

  Relative Method

  $508,020

  Geo Method

  $508,020

• Alternative Use

  Use

  Valuation

  Residential

  $827,818

  Hospitality

  $758,276

  Educational

  $630,877

  Medical

  $652,574

  Retail

  $981,364

Location Insight

City

Kannapolis

County

Cabarrus

State

North Carolina

Latitude

35.4873

Longitude

-80.6048

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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