Prime corner lot opportunity in the growing downtown Albemarle area. This 1.22-acre property consists of two parcels with approximately 460 feet of total road frontage, offering excellent visibility and multiple access points. Zoned R-4, the site presents strong potential for high-density residential development, multi-unit housing, or a private estate setting. City water and city sewer are available. Property includes an existing brick home that may be suitable for renovation, rental income, or guest quarters for future development. Convenient location near downtown amenities, shopping, dining, and major roadways.
Under contract-show
$450,000
500 N 1st St, Albemarle, NC 28001
--beds
--baths
1.22Acres
Unimproved Land
Built in ----
1.22 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 118 days
- 4
- 0
Zillow last checked:
Listing updated:
Listed by:
Carla Weyrick carla.weyrick@howardhannatate.com,
Howard Hanna Allen Tate Albemarle,
John Williams,
Howard Hanna Allen Tate Albemarle
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4379643
Facts & features
Interior
Interior area
- Finished area below ground: 0
Property
Lot
- Size: 1.22 Acres
- Features: Corner Lot
Details
- Additional parcels included: 6548-01-27-5406
- Parcel number: 654801276342
- Zoning: R-4
- Special conditions: Standard
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
Location
- Region: Albemarle
Financial & listing details
- Tax assessed value: $193,250
- Date on market: 5/8/2026
- Cumulative days on market: 119 days
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Listed for sale | $450,000-41.9% |
Source:  Canopy MLS as distributed by MLS GRID #4379643 Report a problem | ||
| 10/1/2025 | Listing removed | $775,000 |
Source: Canopy MLS as distributed by MLS GRID #4189948 Report a problem | ||
| 4/29/2025 | Price change | $775,000-11.4% |
Source: Canopy MLS as distributed by MLS GRID #4189948 Report a problem | ||
| 10/11/2024 | Listed for sale | $875,000 |
Source: Canopy MLS as distributed by MLS GRID #4189948 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 28001
Nearby schools
Schools provided by the listing agent
- Elementary: Central
- Middle: Albemarle
- High: Albemarle
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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