2.22 Acres Lot
2.22 Acres Lot
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 4341255
Year Built 1971
Lot Size 2.220 Acres
Acres 2.22
Property Description
A recent ±$500,000 capital improvement program materially reduces near-term CapEx and supports long-term performance, including an exterior overhaul (painted brick, metal awnings, shutters, upgraded lighting, gutters), new concrete patios and railings, new windows, upgraded electrical panels, utility optimization, a new asphalt parking lot with wheel bumpers, and targeted HVAC replacements. These improvements enhance curb appeal, operating efficiency, and durability.
Kannapolis has emerged as a growth market anchored by the 350-acre North Carolina Research Campus, along with expanding healthcare and advanced manufacturing. The asset is located approximately 2.5 miles from Downtown Kannapolis, less than 5 miles from Atrium Health Cabarrus, and offers convenient access to I-85. It is approximately 25 miles to Uptown Charlotte, providing strong regional demand drivers with a favorable cost-of-living profile.
For investors, Townhomes at Cannon Mills combines suburban stability with Charlotte-metro connectivity. It is an upgraded, well-located, income-producing asset positioned for continued performance in a market benefiting from sustained population and income growth. Do not disturb residents.
Location
State NC
County Cabarrus
Zoning R4
Rooms
Basement Other
Interior
Heating Electric
Cooling Central Air, Electric
Flooring Vinyl
Inclusions Building, Land
Exterior
Waterfront Description None
Street Surface Paved
Porch Awning(s), Front Porch, Rear Porch
Total Parking Spaces 48
Building
Lot Description Cul-De-Sac
Dwelling Type Site Built
Foundation Crawl Space
Sewer Public Sewer
Water City
Structure Type Brick Full
New Construction false
Others
Senior Community false
Restrictions Deed
Acceptable Financing Assumable, Cash, Conventional, Owner Financing
Listing Terms Assumable, Cash, Conventional, Owner Financing
Special Listing Condition None
Nearby Locations
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