$1,499,999
1356 Rainbow Dr , Kannapolis, NC 28081
- 1949
- year built
- Status:
- Active
- MLS #:
- 4408325
- County:
- Cabarrus
- Listed By:
- Travis Rabon - Premier Real Estate Team Inc.
- Agent Phone:
- (704) 506-0236
- Agent Email:
- travisrabon@hotmail.com
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.
Highlights
- Commercial Sale
- Built in 1949
- 107 days on Market
-
- Year Built
- 1949
-
- Basement
- Unfinished
-
- County
- Cabarrus
-
- City
- Kannapolis
-
- Zip Code
- 28081
-
Nearby Schools
-
99out of 100
-
36out of 100
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80out of 100
-
54out of 100
-
66out of 100
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52out of 100
-
49out of 100
-
53out of 100
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51out of 100
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53out of 100
Disclaimer: ez Home Search School Ratings are on a scale of 1-100 and represent our evaluation of school quality based on academic performance, school resources, community feedback, and demographic factors. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
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Estimated Value
$314,088
$257,552 - $370,623
Source: Constellation Data Labs
Price History
| 07/29/2026 | Listed | $1,499,999 |
| Source: Canopy MLS #4408325 | ||
Source: MLS Data
Deed History
| 01/23/2006 | Warranty Deed | $122,500 |
| 03/10/2004 | Warranty Deed | $77,500 |
| 07/14/1999 | Warranty Deed | $500 |
Source: Public records via Constellation Data Labs
Mortgage History
| 11/30/2006 | Unknown | $112,000 |
| 11/30/2006 | Stand Alone Second / Subordinate Position | $28,000 |
| 01/23/2006 | Fannie Mae/Freddie Mac (Code phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.) | $122,400 |
| 03/10/2004 | Unknown | $69,750 |
Source: Public records via Constellation Data Labs
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Similar Listings
Look Throughout Kannapolis
There are currently 393 properties available in Kannapolis, with 49 under contract to close soon. Properties in the city have an average sale price of $368,262 and typically spend 88 days on the market before being sold.
Want to compare this property to others available for sale in the area? Use our search to find exactly what you want among our 2,000,000+ listings and to see incredible photos to show you what is possible.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
How do I schedule a tour of 1356 Rainbow Dr?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 1356 Rainbow Dr.
They know commercial sales in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 1356 Rainbow Dr?
Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $1,499,999. We can talk through recent upgrades, potential seller motivation, how this commercial sale compares to others in Kannapolis, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 1356 Rainbow Dr?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 1356 Rainbow Dr at around $8,536. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 1356 Rainbow Dr?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Cabarrus County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 1356 Rainbow Dr?
In most cases, yes. Whether 1356 Rainbow Dr is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Kannapolis's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 1356 Rainbow Dr?
We can handle that for you. Our preferred local agent specializes in commercial sales in Kannapolis and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
How long has this property been on the market?
1356 Rainbow Dr was listed on July 29, 2026, which means it's been on the market for 107 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1949, making it approximately 77 years old.
Is 1356 Rainbow Dr still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, Canopy MLS. All rights reserved.
Last Updated: November 13, 2026 at 05:23AM | Source: Canopy MLS | MLS#: 4408325
