910 Fairview StKannapolis, NC 28083

  • Office properties
  • 3,000 SF
For Sale
$656,000 View listing

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
Property subtype
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
910 Fairview St, Kannapolis, North Carolina

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

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
2024
$5,656
$380,300
$117,780
$498,080
-
$380,300
$117,780
$498,080

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].