910 Fairview StKannapolis, NC 28083
- Office properties
- 3,000 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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].