Exceptional acreage tract located between Business 52 and Highway 52 just south of Albemarle. Over 490ft road frontage on S Business 52 and potential of 1200ft +/- on Highway 52 conditional on DOT permitting. Currently under crop cultivation; this tract has excellent visibility from both highways. Generally level topography easily adapted to any commercial or manufacturing use and/or construction. Currently zoned RA (res/agric) with opportunities to develop and rezone as manufacturing. Please note that this parcel lies within a North Carolina Opportunity Zone, specifically Census Tract: 37167931000. The zone provides TAX incentives to encourage investment in certain communities. Incentives may include temporary tax deferral for capital gains reinvested in an Opportunity Fund. Step-up basis for capital gains reinvested in an Opportunity Fund and Permanent exclusion from taxable income of long-term capital gains. Buyers should consult tax adviser to determine benefit of purchase.
† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.