1318 Ostwalt Amity Road
Cleveland, NC, 27013 $ 750,000
Bedrooms-- Baths3.0 Monthly Estimate*
$ 5,180
for $750,000 with 3 full baths. This building was built in 1920 on a lot size of 5.27.
A rare opportunity to breathe new life into a piece of local history. With its size, history, and flexible zoning, this is a truly one-of-a-kind offering in today’s market. Situated on more than 5 fully fenced acres in northern Iredell County, this former schoolhouse offers nearly 22,000 square feet of character, scale, and untapped potential. Opportunities like this rarely come available — and for the right buyer, the possibilities are truly extraordinary. The original main building features approximately 7,900 square feet of heated and cooled space, highlighted by 12-foot ceilings, grand archways, and beautifully preserved maple hardwood floors that reflect the craftsmanship of another era. The roof covering this portion, along with the attached gymnasium/auditorium, was replaced approximately seven years ago. Beyond the main structure, an additional 14,000 square feet of masonry and steel construction provides a substantial and durable footprint ready for restoration, redevelopment, or adaptive reuse. While portions will require roof replacement and improvements, the underlying structure offers a strong and compelling foundation for transformation. The grounds are fully fenced with two large access gates, offering both privacy and flexibility for a wide range of future uses. Zoned Residential Agricultural (RA), the possibilities are expansive and may include: Bed & breakfast or retreat center Wedding or event venue Church or private school Daycare or community center Agricultural or residential development Cluster subdivision or mobile home park For developers, investors, entrepreneurs, or creatives with vision, this is a blank canvas with history, scale, and exceptional potential. Bring your imagination — and write the next chapter of this remarkable property.
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FeaturesGeneralSewer Septic Installed
Heating Heat Pump
Cooling Heat Pump
Roof Architectural Shingle
Appliances Electric Oven Electric Range Electric Water Heater Refrigerator Washer/Dryer
Zoning RA
Construction Materials Brick Full
Year Built 1920
Property Subtype N/A
Parcel Number 4761-93-1928.000
County Iredell
New Construction N
Property Type Commercial Sale
HOA N
Garage Y/N Y
Directions From Statesville take I-40 W to Exit 154 (Old Mocksville Rd). Head north then turn left onto Amity Hill Rd. Continue onto Ostwalt Amity Rd. Property is located in northern Iredell County near Clevela
City Cleveland
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Standard Status Active
Construction Type Site Built
Restrictions No Representation
Tax Assessed Value 301950
Listing Terms Cash
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InteriorFlooring Wood
Basement (Y/N) N
Below Grade Finished Area 0
Total Baths 3
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ExteriorFencing Chain Link Fenced Full
Parking Features Circular Driveway Detached Garage RV Access/Parking
Lot Features Cleared Level
Water Source Well
Inclusions Building
Lot Size Area 5.27
Foundation Details Crawl Space
Road Surface Type Paved
Road Responsibility Publicly Maintained Road
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* Excluded FeaturesList ByNorthgroup Real Estate LlcBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,180
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Cleveland, NC
Average List Price $750,000
Percent of Sale Price 0%
About Cleveland, NC 801 Population
11% Since 2002
$ 47,862 Median Income
38.44 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/21/2026 | $750,000 | | Listed Price |