$1,300,000
Accepting Backup Offers

4821 Kannapolis Parkway

Kannapolis, NC 28081
Browse 8 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Partition sale. To submit an upset bid, you must file your offer by December 30, 2024, with either me or the Commissioner, Brian Hayes. The minimum qualifying bid must be $1,365,000.00, representing a 5% increase over the current offer. Deposit of $68,250.00 (5% of the upset bid)required. This +/-17-acre site with multiple structures is ideal for residential development. Located just 5 miles from downtown Kannapolis and 25 miles from Charlotte, the property has excellent visibility with 11,000 vehicles daily (NCDOT traffic count). Future Land Use Plan has this site slated for "Complete Neighborhood #2", allowing 4-18 units per acre, this site is strategically located near Atrium Health & retail centers anchored by Publix, Harris Teeter, and Food Lion. Nearby businesses include Target, Dick's Sporting Goods, Chick-fil-A, McDonald's, and Waffle House, ensuring high consumer traffic. Just 4 miles to I-85 (Exit 54). Two parcels totaling 17.29 acres (per GIS) to be sold together.

  • Property Details
      • Property SubtypeUnimproved Commercial
      • Lot FeaturesOther - See Remarks
      • Lot DescriptionOther - See Remarks
      • Middle SchoolNorthwest Cabarrus
      • High SchoolNorthwest Cabarrus
      • Parcel Number5603-13-0411-0000
      • Elementary SchoolCharles E. Boger
      • Sewer InformationPublic Sewer
      • Original List Price$1,300,000
      • Property TypePurchase
      • CountyCabarrus
      • MLS #4203355
      • Cost1300000
      • MLS #4203355
      • Utility SourceCity
      • ZoningAG
      • Days on Market (Cumulative)16

Location

Chris Cunningham | COMPASSReal Estate Group
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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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