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    Vac Nc 24/27 Hwy Albemarle, NC 28001

    Sponsored
    For Sale
    $1,250,000

    Prime 57-Acre Parcel, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 57.35-acre commercial property presents a rare investment opportunity in Albemarle, NC. Boasting an unparalleled location at the intersection of Saint Martin Road and Highway 24/27, this high-traffic parcel offers significant visibility and accessibility. The property features a substantial 1185 feet of total road frontage, with 955 feet directly along Highway 24/27, ensuring maximum exposure for any commercial venture. The diverse zoning provides flexibility for a range of development options. Approximately 5.09 acres are zoned R-10 by the City of Albemarle, while roughly 11.4 acres are zoned County R-20, and a further 40.86 acres are zoned County RA. This zoning variety allows for a multitude of potential uses, subject to local regulations. Utility access is a key advantage, with water lines conveniently located along Saint Martin Road and sewer lines running along the Highway 24/27 frontage (tap fees apply). This prime location, combined with its extensive road frontage and versatile zoning, makes this property an ideal investment for developers and entrepreneurs seeking a high-impact commercial presence in a thriving area. The property is listed at $1,250,000. Further details are available upon request. Note that this property is also listed under land with a separate MLS number.

    Property Features for Vac Nc 24/27 Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    2,498,166 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albemarle
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.29962
    Latitude
    35.28256

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 57-Acre Parcel, High Visibility
    Where is this commercial real estate located?
    The property is located at Vac Nc 24/27 Hwy Albemarle, NC.
    What is the asking price?
    The asking price for this property is $1,250,000.
    (980) 581-8183
    Request Owner's contact information
    Vac Nc 24/27 Hwy 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

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    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
    Vac Nc 24/27 Hwy Albemarle, NC 28001
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