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Property profile & analytics
OFF-MARKET
Commercial real estate

705 15Th St Newton, NC 28658

0.71 ac lot Built 1935
Property ID
US53-0849961
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1935
Lot 0.71 ac (30,928 SF)
UPID US53-0849961
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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