$50,000

505 S Yadkin Ave Spencer, NC 28159

Estimated payment $283/month

Total Views 57,227
0.16 Acre
$312,500 Price per Acre
6,970 Sq Ft Lot

About This Lot

Prime Commercial Development Opportunity in the Heart of Downtown Spencer!Located in the vibrant Spencer Business District, this high-visibility property offers unmatched potential for growth and investment. Just steps away from popular attractions like the NC Transportation Museum and the NC Museum of Dolls, Toys & Miniatures, it’s perfectly positioned to benefit from steady foot traffic and tourism.Spencer is a thriving small town on the rise, focused on smart business development and community revitalization. A brand-new Downtown Park is currently under construction, bringing even more excitement and foot traffic to the area. Outbuilding does not convey. With quick access to the I-85 corridor, this location offers convenience and connectivity that’s hard to beat. Don’t miss your chance to be part of Spencer’s next chapter!

Listing Agent

Clement Little

Allen Tate Winston Salem Brokerage Email: clement.little@allentate.com License #125352 Listed on: 04/16/2025

Allen Tate Winston Salem

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $136

Lot Details

  • Level Lot
  • Cleared Lot
  • Possible uses of the property include Commercial
  • Property is zoned CB

Outdoor Features

  • Outbuilding

Schools

  • North Rowan Elementary And Middle School
  • North Rowan High School

Listing and Financial Details

  • Assessor Parcel Number 032 120

Property Details

Property Type

Land

Est. Annual Taxes

$136

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Unimproved Commercial
  • Habitable Residence Yn: No
  • Restrictions: Use
  • Special Assessment Description: None
  • Proposed Special Assessment Desc: None
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Geocode Confidence: High
  • Attribution Contact: clement.little@allentate.com
  • Special Features: None

Interior Features

  • Possible Use: Commercial

Exterior Features

  • Road Frontage: 50
  • Other Structures: Outbuilding
  • Foundation Details Proposed: Crawl Space,Slab

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights
  • Senior Community: No

Schools

  • Middle Or Junior School: North Rowan
  • HOA Subject To: None

Lot Info

  • Lot Features: Cleared, Level
  • Lot Size Area: 0.1641
  • Lot Size Units: Acres
  • Parcel Number: 032 120
  • Zoning: CB
  • Can Be Subdivided: 0
  • Horse Amenities: None
  • Additional Parcels: No
  • Zoning Specification: CB

MLS Schools

  • Elementary School: North Rowan
  • High School: North Rowan

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $136 $12,000 $10,500 $1,500
2024 $136 $12,000 $10,500 $1,500
2023 $136 $12,000 $10,500 $1,500
2022 $158 $12,000 $10,500 $1,500
2021 $158 $12,000 $10,500 $1,500
2020 $158 $12,000 $10,500 $1,500
2019 $158 $12,000 $10,500 $1,500
2014 $192 $15,050 $15,050 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2025 04/16/25 For Sale $50,000 -- --
Source: Canopy MLS (Canopy Realtor® Association)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Abramson Andrew J
Warranty Deed $12,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $10,000 Seller Take Back
Source: Public Records

About the Listing Agent

Clement Little
Clement Little

Allen Tate Winston Salem

(704) 610-1645

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Your Trusted Partner Since 1986

Local Roots, Global Reach: Born and raised in the heart of the Triad, NC area, we've witnessed the region's transformative journey over 30 years. And throughout these years, our dedication to real estate has never wavered.

Experience that Speaks: From the roaring highs to challenging lows, we've seen the real estate market from every angle. This invaluable experience

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Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4247682

Canopy MLS (Canopy Realtor® Association)

APN: 032-120

North Carolina Rowan County Spencer 28159

505 S Yadkin Ave, Spencer, NC

This home is located at 505 S Yadkin Ave, Spencer, NC 28159 and is currently priced at $50,000. 505 S Yadkin Ave is a home located in Rowan County with nearby schools including North Rowan Elementary School, North Rowan Middle School, and North Rowan High School.

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Clement Little
Clement Little
Listing Agent Section Image
Allen Tate Winston Salem
(704) 610-1645