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Key Facts

$775,000

$1,395,000 · Price reduced

Active530 days on marketListed January 3, 2025

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Description

We are excited to present a remarkable investment opportunity with this expansive 24.19-acre parcel of raw land located in Albemarle, NC. Currently zoned residential, this property offers significant potential for rezoning into high-density residential, multi-family, or mixed-use developments. This strategically located land is perfect for a variety of development projects, catering to the growing demand for residential and commercial spaces in the area.

Property Information

Property Type

Land

Zoning

Days on Market

530

MLS® Listing#

4210564

Property Features

Sewer

Public Sewer

Water Source

Public

Schools

Elementary:: Unspecified
Middle:: Unspecified
High:: Unspecified

Financial Details

HOA

None

Assessed Value

$93,570

Parcel Number

6548-04-51-4760

Directions

The property sits on 24/27. Put Wall St Albemarle NC in your GPS. Land starts at Wall st and stretches down 24/27 toward Charlotte.

Affordability Calculator

Home Price

Down Payment

$155,000

Interest Rate (%)

Loan Term

Estimated monthly payment

$4,125/mo

Principal $620,000 · Est. interest $864,955 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Albemarle, NC

$307,692
Median Listing Price: 65
Median Days on Market: 1,604
Median Sq Ft: $176
Median Price / Sq Ft: 156
Active Listings

This home’s price is 152% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Albemarle, NC.

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Similar Home Values

Comparable nearby listings and their asking prices.

Address	Price	Beds	Baths	Sq Ft
0 Pennington Road, Albemarle, NC	$550,000	—	—	—
1200 Heritage Drive, Albemarle, NC	$570,000	4	4	2,622
1121 Smith Street, Albemarle, NC	$575,000	5	4	4,293
620 N 9th Street 5/6, Albemarle, NC	$599,000	5	6	5,060
609 Muirfield Drive, Albemarle, NC	$659,000	4	4	3,312
25611 Bridgeport Road, Albemarle, NC	$675,000	4	3	2,936

Moving Cost Estimate

Listing Courtesy: DW Realty Team Inc - gavin@dwrealtyteam.com

Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2026 MLS GRID. All Rights Reserved.

Last Updated: 2025-01-03