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    1 1St St Albemarle, NC 28001

    For Sale
    $125,000

    Prime Redevelopment Opportunity in Growing City

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 0.65-acre commercial lot, located at 1 S 1st Street in the heart of Albemarle, NC, presents a remarkable redevelopment opportunity. Situated in a vibrant and expanding downtown area, this property offers significant potential for a variety of commercial ventures. The lot's central location provides excellent visibility and accessibility, making it an ideal site for businesses seeking high foot traffic and convenient access to local amenities. The property is currently vacant, allowing for complete design flexibility and customization to suit specific business needs. This is a rare chance to acquire a substantial piece of land in a thriving downtown setting, poised for significant growth and increased property value. The address, 1 S 1st Street, places the lot within easy reach of local businesses, residential areas, and major transportation routes. This makes it an attractive location for a wide range of commercial uses, from retail spaces and restaurants to office buildings and professional services. The property's size offers ample space for development, allowing for the creation of a substantial commercial structure. Given the ongoing growth of downtown Albemarle, this lot represents a sound investment with considerable long-term potential. The property is also listed in MLS as Land #4123413. Serious inquiries are encouraged to explore the possibilities this prime location offers. The asking price is $125,000.

    Property Features for 1 1St St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    28,314 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albemarle
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.1996
    Latitude
    35.35036

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Redevelopment Opportunity in Growing City
    Where is this commercial real estate located?
    The property is located at 1 1St St Albemarle, NC.
    What is the asking price?
    The asking price for this property is $125,000.
    (704) 793-3522
    Request Owner's contact information
    1 1St St Albemarle, NC 28001
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    Albemarle, NC 28001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 1St St Albemarle, NC 28001
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