1047 Pennington Rd

2,795,680 / 64.18
Lot Size / Acres

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....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.
  1. Listed by Beycome Brokerage Realty LLC • 804-656-5007

Property Details for 1047 Pennington Road

Waterfront Features
None
Subdivision Name
Pennington Place
LISTING UPDATED: 07/03/2026 12:46 PM

Property Details for 1047 Pennington Road

StatusActive
MLS #4400336
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand / Lot
Year Built-
Lot Size64.18 AC
CountyStanly County

Location

Listing Courtesy of Beycome Brokerage Realty LLC
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Building Information for 1047 Pennington Road

Lot Size64.18 AC

Payment Calculator

$9,982 per month

30 year fixed, 6.36% Interest

Principal and Interest

$9,966

Property Taxes

$16

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1047 Pennington Road

Summary
Location and General Information
  • Longitude: -80.22091
  • Latitude: 35.362552
  • Directions: Drive west on West Main St. Right to Concord Road/NC 73. Right to Blake Road. Property is on the right.
Taxes and HOA Information
  • HOA YN: No
  • HOA Subject To: None
  • Tax Assessed Value: $186.00
  • Parcel Number: 6538-02-69-1076
  • City Taxes Paid To: Albemarle
School Information
  • Middle Or Junior School: Albemarle
  • High School: Albemarle
  • Elementary School: Central
Parking
  • Parking: Open Parking YN: No
  • Parking: Carport YN: No
Property
Lot Information
  • Below Grade Finished Area: 0.0
  • Sq Ft Building Minimum: 0
  • Lot Size Units: Acres
  • Possible Use: Development
  • Property Type: Land
Property and Assessments
  • Geocode Confidence: High
  • Photos Count: 1
  • Road Responsibility: Publicly Maintained Road
  • Senior Community YN: No
  • Restrictions: Manufactured Home Not Allowed
Utilities
  • Sewer: Public Sewer
  • Water Source: City
Interior and Exterior Features
Exterior Features
  • Pool Private YN: No
  • Road Surface Type: Paved
Interior Features
  • Habitable Residence YN: No
Rental
Rent Information
  • Lease Considered YN: No

Property History for 1047 Pennington Road

DateEvent & SourcePriceAppreciation
Jul 3, 2026

Listed (Active)

CANOPY #4400336

$2,000,000
Oct 6, 2021

Closed (Public Record)

Public Record #1479935114

$274,500
DateEvent & SourcePrice
07/03/2026

Listed (Active)

CANOPY #4400336

$2,000,000
10/06/2021

Closed (Public Record)

Public Record #1479935114

$274,500

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1047 Pennington Road

Taxable ValueLand$16,686Additions-Total$16,686
Tax Record2025$187 ($16 / month)
Home Facts
Beds0Lot Size2,795,681 SqFtStyleMiscellaneous Vacant LandZoningMULTIPLECountySTANLYAPN653802691076

Schools near 1047 Pennington Road

This home is within Stanly County School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 8 to 12
Rating
School
Distance
Central Elementary School
PublicK to 5

Albemarle Middle School
Public6 to 8

Albemarle High School
Public9 to 12

Stanly Academy Learning Center
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

1047 Pennington Road is a 64.18 ac of land for sale in Albemarle, NC 28001. This property was listed for sale on July 3, 2026 by Beycome Brokerage Realty LLC, it's currently listed at $2,000,000. It has been on the market for a total of 1 days and was last sold on October 6, 2021. This listing's school district is Stanly County School District. Nearby schools include Central Elementary School, Albemarle Middle School and Albemarle High School. 1047 Pennington Road is a 0-bed, 0-bath, 64.18 ac of land on a 2,795,680 sq. ft. / 64.18 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Beycome Brokerage Realty LLC

Based on information submitted to the MLS GRID as of 07/03/2026 12:46 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.