705 15Th St Newton, NC 28658
This exceptional commercial property, located at 705 W 15th Street in Newton, NC, presents a unique opportunity for a variety of businesses. The 0.71-acre lot boasts a strategically advantageous location, benefiting from an impressive North Carolina Department of Transportation (NCDOT) reported annual average daily traffic count of 19,500 vehicles. The main building offers 866 square feet of usable space, perfect for a retail outlet, office, or light industrial use. A significant advantage is the inclusion of a 432 square foot garage, providing ample storage or workshop space. While the property currently lacks central heating and air conditioning, a gas heater hookup is in place, offering the potential for cost-effective climate control upgrades. Previously utilized as a car lot, this property benefits from excellent visibility and easy accessibility, ensuring high potential for customer traffic. The property is available for sale at $327,900, or lease terms may be negotiated. This is an ideal location for businesses seeking high visibility and convenient access to a substantial daily traffic flow. The combination of building space and the large lot size offers significant flexibility for a wide range of commercial applications. Don't miss this chance to establish your business in a prime Newton location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.