Loop Rd N, Kannapolis, NC 28081

Prime development opportunity for garden style apartments. Property is zoned (CC), which has no density limitations for apartments. The property has sewer allocation, which is very limited in Cabarrus County. The property is within the NC Research Center and is walkable to Atrium Health Cannon Ballers Ballpark, restaurants/shopping, and breweries located inside the newly designated social district.

The NCRC is a $200 million dollar investment focused on the benefits of health through nutrition. This multiple building campus is operational and occupied by NC State and UNC. The Town of Kannapolis has also invested over $100 million towards revitalization efforts for the Downtown.

Utilities: Water and Sewer utilities are located on site. On September 27, 2022, The City of Kannapolis awarded the property wastewater allocation entitlement for its development (Resolution #2022-51). This is one of only a few properties in Cabarrus County with waste water allocation for multifamily development.

Village Park: The property benefits from very close proximity to Village Park, which is located across the Loop Road on the western side of the property. A tunnel under Loop Road connects the property to Village Park. It is a requirement of both the City and Seller, that this multifamily development provides pedestrian connectivity to the underpass. For more information on Village Park, please cut and paste the following link to your browser: https://www.kannapolisnc.gov/Government-Departments/Parks-Recreation/Parks

Opportunity Zone: The property is located in an Opportunity Zone, which provides developers the ability to invest and avoid tax gains.

Email: tauer@millennialrlty.com

Cell: 704-231-2762