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 Alb:R-4. Great development opportunity.

PROPERTY FACTS

Price $875,000
Sale Type Investment or Owner User
Sale Condition Bulk/Portfolio Sale
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Single Family Development
Total Lot Size 1.22 AC
Zoning R-4 - See attachment for copy of Albemarle Planning and Zoning

1 LOT AVAILABLE

Lot

Price $875,000
Price Per AC $717,213.11
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.

PROPERTY TAXES

  • Listing ID: 33488894

  • Date on Market: 10/11/2024

  • Last Updated:

  • Address: 500 N 1st St, Albemarle, NC 28001