1318 Ostwalt Amity RdCleveland, NC 27013

Property Details for 1318 Ostwalt Amity Rd

Year built

1920

Construction

WOOD

Lot size

5.27 AC

Property size (Sq ft)

22,609 SF

Zone code

RA

Property type

Other commercial real estate

APN

4761-93-1928.000

APU

4761931928000

Description

This exceptional 5-acre property in Cleveland, NC (27013), features the former Amity Hill Elementary School, offering 22,609 square feet of space with significant redevelopment potential. Zoned Residential Agriculture (RA), the property boasts over 525 feet of road frontage, conveniently located just six miles east of I-77. The existing structure includes approximately 8,000 square feet of conditioned space in the main building, showcasing 12-foot ceilings, giant archways, and original maple hardwood flooring. The roof covering this building and the gym/auditorium is only seven years old. An additional 14,000 square feet of largely masonry and steel construction offers durability, though requiring roof replacement and build-out. The property is fully fenced with chain link and barbed wire, including two large gates. Permitted uses are diverse, including bed and breakfasts, cluster subdivisions, mobile home parks, churches, schools, and daycares. This presents an unbelievable opportunity for a new school or other special purpose use. The asking price is $799,000.

• Alternative Use

  Use

  Valuation

  Residential

  $6,238,709

  Hospitality

  $5,714,624

  Educational

  $4,754,500

  Medical

  $4,918,014

  Retail

  $7,395,889

Location Insight

City

Cleveland

County

Iredell

State

North Carolina

Latitude

35.6986

Longitude

-80.7881

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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