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Downtown Albemarle Development Opportunity
For Sale
$175,000

420 W Main St, Albemarle, NC 28001

Open parcel in downtown Albemarle for mixed-use development.

Days on Market477

Property Features for 420 W Main St

General Information

Standard status Active
Listing Agency: Howard Hanna Allen Tate Albemarle
Listed By: Carla Weyrick
Source: Exprealty
Added: Apr 10, 2025 Changed: Jul 6 Last Checked: Jul 29 at 8:20PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna Allen Tate Albemarle

Investment Insights

Based on property information with market context.

This open parcel is located in downtown Albemarle, presenting an opportunity for development. The property is suitable for mixed-use development, such as a retail storefront with upstairs apartments. The location benefits from the proximity to Pfeiffer University's downtown campus, which creates a demand for residential options. The surrounding area includes boutiques, restaurants, and bars. The property includes a 12' x 28' building with a bath and a 25' x 50' storage building. Located within the historic district; exterior design considerations may apply.

Key Highlights

  • Prime downtown location in a dynamic and growing Albemarle.
  • Limitless potential for development, including retail and residential.
  • Strong demand for residential options due to Pfeiffer University's downtown campus.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Parking Lot & Garage Electrical Service (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

105
Businesses Nearby
27k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Shell Shops & Services
10,442 visits/mo 0.3 miles
State Employees Credit Union Shops & Services
7,916 visits/mo 0.2 miles
Dollar General Shops & Services
6,023 visits/mo 0.1 miles
Exxon Shops & Services
2,937 visits/mo 0.2 miles

Demographics for 28001, NC

27,185
Population
12,847
Households
2.1
Avg Household Size
43
Median Age
21%
College-Educated
88%
High-School Grad
131.4 sq mi
ZIP Area
207
Density / Sq Mi
$55,610
Median Household Income
$36,684
Median Earnings
$823
Median Rent
$194,200
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - Open parcel in downtown Albemarle for mixed-use development.
Where is this commercial land located?
The property is located at 420 W Main St Albemarle, NC.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Prime downtown location in a dynamic and growing Albemarle.; Limitless potential for development, including retail and residential.; Strong demand for residential options due to Pfeiffer University's downtown campus.
More about this property
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