$1,300,000
$1,300,000
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17.29 Acres Lot
SOLD DATE : 01/31/2025
Key Details
Sold Price $1,300,000
Property Type Commercial
Sub Type Unimproved Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4203096
Sold Date 01/31/25
Lot Size 17.290 Acres
Acres 17.29
Property Sub-Type Unimproved Commercial
Property 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.
Location
State NC
County Cabarrus
Zoning AG
Exterior
Street Surface Paved
Building
Lot Description Other - See Remarks
New Construction false
Others
Senior Community false
Restrictions Deed,Use,Other - See Remarks
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Estate
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© 2025 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with Rohit Patel • NorthGroup Real Estate LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "