316 Jackson Park RdKannapolis, NC 28083

Property Details for 316 Jackson Park Rd

Year built

1930

Construction

WOOD

Lot size

0.21 AC

Property size (Sq ft)

2,096 SF

Zone code

GC

Property type

Office properties

Property subtype

Other office properties

APN

5614 92 0387

APU

5614920387

Description

This exceptional Kannapolis investment opportunity encompasses three parcels totaling 0.62 acres, all zoned GC. The property features a 2,060 square foot retail/office building situated on a 0.21-acre lot. While the building requires some work, recent improvements include a new roof, new siding, floor repairs, and insulation throughout most of the structure. Adding to the potential, two additional vacant lots, measuring 0.25 acres and 0.16 acres respectively, are included in this sale. A secondary structure on the 0.21-acre lot consists of a 20' x 15' x 16' metal building, complete with a fully insulated factory roof, multiple windows, and roll-up doors. This versatile property presents a unique chance to acquire a mixed-use investment in a desirable Kannapolis location. The seller is open to considering the sale of the parcels individually, offering flexibility for potential buyers. The property is located at 316 Jackson Park Rd, Kannapolis, NC 28083. This is a rare opportunity to acquire a substantial property with significant upside potential in a growing area. The combination of existing structures and vacant land allows for diverse development options, making this an attractive investment for both seasoned investors and those seeking a value-add opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $505,295

  6.5%

  $466,426

  7%

  $433,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $354,937

  Geo Method

  $354,937

• Alternative Use

  Use

  Valuation

  Residential

  $578,368

  Hospitality

  $529,782

  Educational

  $440,773

  Medical

  $455,932

  Retail

  $685,647

Location Insight

City

Kannapolis

County

Cabarrus

State

North Carolina

Latitude

35.5043

Longitude

-80.6159

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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