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John KurtzCharlotte · NC

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Cleveland · Cleveland, NC

1318 Ostwalt Amity Road

Cleveland, NC · 7,920 sqft

$750,000

  • 3Beds
  • 3Baths
  • 7,920SqFt
  • 1920Year
  • 6Days on market

About this home

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.

Property details

Beds
3
Baths
3
SqFt
7,920
Lot
Year built
1920
Type
Single Family
Days on market
6
Garage
2
Heating
Heat Pump
Cooling
Heat Pump
Foundation
Crawl Space
Flooring
Wood

Payment estimate

Estimated monthly payment

Includes P&I, tax, insurance

$5,519/ month

Principal & interest
$4,644
Property tax (~1.05%)
$656
Homeowners insurance
$218
HOA dues

Down payment

$37,500 down · $712,500 financed

Income to qualify (28% rule)

~$236,570 / year household

A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.

Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.

Location

Begin the conversation

When you're
ready, so am I.

Whether you're quietly considering a move or simply curious about what your home might bring today, I welcome the conversation. Every relationship begins with a coffee.