500 N 1st St - 500 & 516 N 1st Street, Albemarle, NC
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500 N 1st St - 500 & 516 N 1st Street, Albemarle, NC
1.22 Acres of Residential Land Offered at $875,000 in Albemarle, NC 28001
Executive Summary
Fantastic buildable lot available in downtown Albemarle. Immediately adjacent to Y Fitness Center, and park and playground. Located only 0.2 mi from the grocery/drug store and 0.4 mi to the hospital. Walkable community. With a total of 460' of road frontage, the layout offers multiple opportunities. There is a brick home situated on the adjacent lot that is included. The tax value listed consists of both parcels. Current zoning is RO(500 N 1st Street) & RO/NBD (516 N 1st parcel). Current zoning allows multifamily construction.
Property Facts
| Price | $875,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| Sale Conditions | Bulk/Portfolio Sale | Total Lot Size | 1.22 AC |
| No. Lots | 1 |
| Price | $875,000 |
| Sale Type | Investment or Owner User |
| Sale Conditions | Bulk/Portfolio Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 1.22 AC |
1 Lot Available
Lot
| Price | $875,000 | Lot Size | 1.22 AC |
| Price Per AC | $717,213 |
| Price | $875,000 |
| Price Per AC | $717,213 |
| Lot Size | 1.22 AC |
The corner is located at N First Street and C.B. Crook Drive. Former bank building lot and adjacent home site for a combined 1.22 acres. Fantastic buildable lot available in downtown Albemarle.
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PROPERTY TAXES
| Parcel Number | 6548-01-27-6342 | Improvements Assessment | $21,716 |
| Land Assessment | $73,872 | Total Assessment | $95,588 |
PROPERTY TAXES
Parcel Number
6548-01-27-6342
Land Assessment
$73,872
Improvements Assessment
$21,716
Total Assessment
$95,588
zoning
| Zoning Code | R-O (See attachment for copy of Albemarle Planning and Zoning R-O) |
| R-O (See attachment for copy of Albemarle Planning and Zoning R-O) |
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Lee Allen -
Corcoran HM Properties
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500 N 1st St - 500 & 516 N 1st Street, Albemarle, NC
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