LOT SIZE 64.180 acres
MLS#4400336
STATUSActive
PROPERTY TYPELand - Residential
SUBDIVISIONPennington Place
Property Description
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 Features
Property Type: Land - Residential
Lot Size: 64.18 Acres
Feature Descriptions
Days on Site: 6
Parcel#: 6538-02-69-1076
Sewer: Public Sewer
Water: City
Local Schools
High School: Albemarle
Middle School: Albemarle
Elementary School: Central
Listed By / Shown By
Listed By
Agency Name: Beycome Brokerage Realty LLC
Agency Contact: 804-656-5007
Shown By
Agency Title: Lake Norman Realty
Agency Phone: 704-450-1175
Estimate Your Payment
Estimated Payment
$ 11,228.17 per month $10,644.84 Principal & Interest $0.00 Property Tax (data not provided by mls) $583.33 Homeowner's Insurance
1047 Pennington Road | MLS# 4400336
This land located at 1047 Pennington Road , Albemarle, NC 28001 is currently listed for sale with an asking price of $2,000,000. The property has approximately 64.18 Acres. Search Albemarle real estate on www.lakenormanrealty.com today.