Description
Developers Dream. 4 properties being sold in 1 portfolio, so HLA and tax info. does not reflect accurate values. Although there are homes on each property that adds tons of value, the properties are bing sold with homes being included at no value, because the real value is in the zoning.. 2 side by side Properties on Rainbow Drive in Kannapolis are Zoned R18. 1 property on Birch St. is zoned R8. 1 home on Westover Ave is just a single family home being thrown into the mix as an added bonus. SELLER IS NOT INTERESTED IN SELLING ANY PROPERTIES INDIVIDUALLY. properties includes in Cabarrus County are 1356 Rainbow Dr. Kannapolis, 1352 Rainbow Dr. Kannapolis, these are zoned R18. & 1201 Birch St. Kannapolis is zoned R8 and in Rowan County is 107 Westover Ave. Kannapolis. All homes are occupied and sold at no value so there are no lockboxes and you can not schedule an appointmrnt to see the homes. Seller is looking for a developer that is interested in removing the homes and developing the land.
Address
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Address: 1356 Rainbow Drive, Kannapolis, North Carolina 28081
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City: Kannapolis
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State/county: NC
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Zip/Postal Code: 28081
Details
Updated on July 29, 2026 at 5:41 pm-
Property ID 4408325
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Price $1,499,999
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Year Built 1949
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Property Type None, Commercial Sale
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Property Status Active, For Sale
Additional details
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County Cabarrus
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Property Type Commercial Sale
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Property Tax
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Contact Information
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- The Simpson Group Realty