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Real Estate
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$2,000,000

Albemarle, NC 28001
Listed by Craig Tribus · Beycome Brokerage Realty LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Prime residential development property, city water, city sewer, city power all confirmed with capacity. Zoning is already correct for approximately 185 building lots, city of Albemarle has confirmed neighborhood will be approved as long as design meets ordinance which is obvious for any development. You do not need to go before city council for approval and a long entitlement process. The planning dept has 14 days to approve preliminary and make comment and then the city has 14 days to approve final. 28 days total involved from city when timed with monthly planning board meeting. There are no flood plains, endangered species, etc and if you want to work with the existing terrain then geo technical is simple. Absorb Charlotte.

Property details

MLS #
CAR4400336
Property type
Lot
Subdivision
Pennington Place
Status
Active
Days on market
N/A
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
N/A

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Central Elementary
1.54 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
2.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
508
Student:teacher ratio
15.4:1
District
Stanly County Schools
Middle
Albemarle Middle
3.03 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
1.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: F (2025)
Enrollment
407
Student:teacher ratio
16.3:1
District
Stanly County Schools
High
Albemarle High
1.68 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
369
Student:teacher ratio
14.8:1
District
Stanly County Schools

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Est. monthly payment
$12,194/mo
$400,000 down
$1,600,000 loan
Principal & interest$10,378
Property tax (est.)$1,667
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated July 3, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.