Investor and builder opportunity in a growing area of Kannapolis! Located less than a mile from I-85 on a corner lot with road frontage on two streets, this property offers excellent redevelopment potential. The existing home on the first parcel requires significant repairs, including structural work, and is being sold as-is. This is an ideal project for a builder, investor, or buyer looking to renovate or potentially rebuild. The second parcel is approximately 0.65 acres, bringing the total acreage to around 1 acre. According to the City of Kannapolis, the property is zoned R-4 and may offer the potential to be subdivided into up to four lots. City water and sewer are available but have not been active for several years. There may also be a previously used septic system and well on the property. Buyers are encouraged to contact Kannapolis City Zoning to verify subdivision potential, utility availability, and development requirements. Subject to upset bid period. All contents remaining in the home at closing will convey. HVAC is electric; however, sellers make no representations as to its condition, as they have not occupied the property. The home also features a basement with good storage space that is not included in the square footage. Great opportunity for redevelopment or investment in an established area!