1318 Ostwalt Amity Rd - Schools FOR SALE


Cleveland, NC 27013
$799,000 USD
704-615-1722
1318 Ostwalt Amity Rd, Cleveland, NC for Sale
$799,000 USD
Schools - FOR SALE
1/10
null | Request Cap Rate

1318 Ostwalt Amity Rd
Cleveland, NC 27013


HIGHLIGHTS

  • Masonry structure.
  • Fully fenced.
  • Re-development opportunity.

OVERVIEW

What is known as the old Amity Hill School, this property has tons of character and potential for re-development. Located just 6 miles east of I-77 in Iredell Co. Current zoning is Residential Agricultural (RA), with many permitted uses. Existing structure has approx. 8,000 SF of conditioned space in the original main building with 12-ft ceilings and giant archways. Most of the flooring is original maple hardwoods, and the roof covering this building and gym/auditorium is only 7 years old. The remaining 14,000 SF is largely masonry and steel construction, which is extremely durable, although most of this space will need a new roof and build-out in order to make it usable. The owner has cleaned up some of the classrooms, hauling away the old roof and debris, but still more work is needed. Fully fenced in 5+ acres with 2 large gates. Unbelievable opportunity for a new school or special purpose use! Inquire today!

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$35 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

RA

APN/PARCEL ID

4761-93-1928.000

ASK ABOUT THIS PROPERTY

Nikki RobinsonLake Norman Realty, Inc.More Info
704-615-1722

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Nikki RobinsonLake Norman Realty, Inc.More Info
704-615-1722

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.