215 Main StKannapolis, NC 28081

  • Office properties
  • 2,470 SF
For Lease

Property Details for 215 Main St

Year built
1920
Lot size
0.30 AC
Property size (Sq ft)
2,470 SF
Zone code
CC
Property type
Office properties
Property subtype
Other office properties
APN
5613 69 2034
APU
5613692034

Description

This exceptional retail opportunity is located in the vibrant Vida Kannapolis development, a dynamic mixed-use project in the heart of Downtown Kannapolis, NC. The property boasts a total of 466,246 square feet, situated on 1.5 acres of land. The five available retail spaces range from 1,561 to 3,777 square feet, ideal for a variety of businesses. The building, completed in 2021, is a five-story structure with elevators, and is zoned CC. Vida Kannapolis is part of a revitalized downtown area, featuring a newly completed $30 million streetscape with water fountains, a $60 million baseball field (Atrium Health Ballpark), and over 170,000 square feet of renovated retail space. The property benefits from its proximity to other key attractions, including the Swanee Theater, Veterans Park, and the West Avenue District Shopping Center. A 400-car parking garage and a 289-unit upscale apartment building further enhance the area's appeal and provide a large potential customer base. Current co-tenants include a nail spa and a wine bar. This prime location offers unparalleled visibility and access to a thriving community experiencing significant growth and investment. The property's modern design and convenient amenities make it an attractive option for businesses seeking a high-profile location in a rapidly developing downtown area. The address is 215 S Main St, Kannapolis, NC 28081.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $595,458
    6.5%
    $549,653
    7%
    $510,392
  • Comparable approach

    Method
    Valuation
    Relative Method
    $418,270
    Geo Method
    $418,270
  • Alternative Use

    Use
    Valuation
    Residential
    $681,570
    Hospitality
    $624,314
    Educational
    $519,422
    Medical
    $537,286
    Retail
    $807,990
215 Main St, Kannapolis, North Carolina

Location Insight

City
Kannapolis
County
Cabarrus
State
North Carolina
Latitude
35.495
Longitude
-80.6254
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
$3,944
$172,150
$133,220
$305,370
-
$172,150
$133,220
$305,370

FAQs

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