215 Main StKannapolis, NC 28081

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

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.

• 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

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

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