(LAND) SFR NEW BUILD OPPORTUNITY — ENTITLED & RECORDED LOT IN ALBEMARLE NC (28001)
ASKING PRICE: $43,700
SFR POST-CONSTRUCTION VALUE (PER LOT): ≈ $285,000
Location
- Located just minutes north of Downtown Albemarle, NC
- Situated on Knollwood Circle, an established residential road with city utilities
- Surrounding homes reflect a strong resale market, with recent new-construction sales near $285K+
Zoning & Development
- Zoning: City of Albemarle R-10 General Residential District (recently rezoned from GHBD)
- Entitlement: Rezoned to R-10 and Minor Subdivision recorded on 10/8/25 (creating Lot 2 at 0.75 acres)
- Original Parcel: 3.45 acres – split up to create Lot 2 (0.75 ac)
- Permitted Uses: Single-Family residential construction
Utilities & Infrastructure
- Public Water & Sewer available at paved road frontage
- Existing sewer main runs through the property (per recorded survey)
- 125.67 ft of total paved road frontage on Knollwood Circle
- No flood zone or wetlands impact the site
- Ideal layout for utility connections and front-loaded driveways
Lot Conditions & Specs
- Size: 0.75 acres
- Frontage: 125.67 ft on Knollwood Circle
- Condition: Wooded, raw land — never developed
- Topography: Gently sloped terrain with favorable drainage patterns
- Future Potential: Qualifies for a single SFR build; Deed restriction was placed on lot to limit future subdivide & duplex use.
R-10 Dimensional Requirements
Single-Family Minimums
- Lot Size: 10,000 sq ft
- Frontage: 20 ft min.
- Setbacks: 30′ Front / 10′ Side / 30′ Rear
COMPS:
- LOT 1 Knollwood Cir, SOLD $285,000 3bd / 2ba 1,320 sqft (Lot Size: 0.98ac)
- 122 Knollwood Cir, SOLD on 1/17/25 $285,000 3bd / 2ba 1,320 sqft (Lot Size: 1ac)
- LOT 3 Knollwood Cir, SOLD $285,000 3bd / 2ba 1,320 sqft (Lot Size: 1ac)
*CLICK HERE TO SUBMIT OFFER*
Contact for all info & offers!
704-741-2044
Tianna@zeres.capital
Looking for a CASH transaction. This is an assignment of contract and a non-refundable deposit is required in order to lock up the deal.
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Submitting your offer
Please submit your Highest and best offer once all due diligence has been completed. The highest and best will be accepted based on speed of closing, convenience and price.
All offers must be cash, private lending or hard money only, with the ability to close within (21) days or less. Price is net to the seller, buyer pays all closing costs unless otherwise specified.
After the offer is accepted, the contract must be signed and EMD must be received within 8 hrs to the agency/office that is facilitating the closing. Minimum EMD amount for this property is $5,000. Earnest Money Deposit is Non-Refundable unless title cannot be cleared.
All properties in which the contract is assigned will be delivered fully insured with clear title from a reputable title company/attorney’s office and underwriter.
Basic Terms
For any offering, we either own the property or have equitable ownership interest with the ability to assign our contractual rights to the purchasing party. The buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. The opinion of value is given as a courtesy only as the seller makes no guarantees or warranties, express or implied, as to the value or condition of the property.
Wholesalers and Real Estate Agents
You may share this property with your buyers, however, please do not post this deal on any online platform without our consent. Wholesalers and Real Estate Agents, please add your fee and/or commission on top of our offering price when marketing to clients. To discuss further, please contact us.