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    974 Nc 24 Newport, NC 28570

    Sponsored
    For Sale
    $379,000

    1.44 Acres, $379,000

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 1.44-acre commercial lot presents a remarkable opportunity for investors and entrepreneurs seeking a strategic location in the vibrant town of Newport, North Carolina. Situated at 974 NC 24, this property offers significant potential for a wide range of commercial ventures. The expansive acreage provides ample space for development, allowing for flexibility in design and functionality. Its convenient location on NC 24 ensures high visibility and easy accessibility for customers and employees. The property's zoning (which should be independently verified) will dictate the permissible uses, but the size and location suggest a variety of possibilities, from retail establishments and restaurants to light industrial uses or office spaces. The asking price of $379,000 represents a compelling investment opportunity in a growing market. Serious inquiries are encouraged to explore the development potential and secure this prime commercial land parcel. Prospective buyers are advised to conduct their own due diligence, including but not limited to, verifying zoning regulations, conducting environmental assessments, and obtaining necessary permits before finalizing any purchase agreement. This property is being offered as-is. Don't miss this chance to acquire a valuable piece of commercial real estate in a desirable location. Act quickly, as opportunities like this are rare.

    Property Features for 974 Nc 24

    General Information

    Property type
    Other commercial real estate
    Lot Size
    62,726 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Newport
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.85219
    Latitude
    34.73499

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    FAQs

    What type of property is this?
    Commercial real estate - 1.44 Acres, $379,000
    Where is this commercial real estate located?
    The property is located at 974 Nc 24 Newport, NC.
    What is the asking price?
    The asking price for this property is $379,000.
    (252) 247-6922
    Request Owner's contact information
    974 Nc 24 Newport, NC 28570
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    Newport, NC 28570
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    974 Nc 24 Newport, NC 28570
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