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    160 Nine Mile Rd Newport, NC 28570

    Sponsored
    For Sale
    $249,000

    0.87-acre lot, ideal for development. High-growth potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 0.87-acre commercial lot presents a rare opportunity for investors and developers in the thriving Newport, NC market. Located at 160 Nine Mile Road, this property offers significant potential for a variety of commercial ventures. The expansive 0.87-acre parcel provides ample space for new construction, allowing for flexibility in design and functionality. Its strategic location within Newport ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence. The property's zoning (which should be independently verified) will dictate the permissible uses, but the size and location suggest a wide range of possibilities, from retail spaces and offices to light industrial uses. Given the current market dynamics in Newport, this land represents a strong investment opportunity with considerable upside potential. Serious inquiries are encouraged to explore the possibilities and conduct due diligence to confirm zoning and development regulations. The asking price of $249,000 reflects the property's value and potential for future returns. Don't miss this chance to secure a prime piece of commercial real estate in a growing community. Act quickly, as opportunities like this are seldom available.

    Property Features for 160 Nine Mile Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    37,897 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.93498
    Latitude
    34.72763

    Nearby Comparable

    • $575,000
      1.54 Acres

      Commercial Land on Highway 24

      1.54 acres with highway frontage in growing area.
      Nine Mile Rd, Newport, NC 28570
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    • New
      $116,000
      0.19 Acres

      Waterfront Lot in Cannonsgate

      Waterfront lot with community amenities in Cannonsgate neighborhood.
      657 Cannonsgate Dr, Newport, NC 28570
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    • $3,500,000
      40.00 Acres

      Waterfront Land on Highway 24

      40 acres of waterfront land for development and investment.
      4001 Nc-24, Newport, NC 28570
      View Details

    Nearby Similar for Sale

    • $379,000
      1.44 Acres

      Prime Newport Commercial Land

      1.44 Acres, $379,000
      974 Nc 24, Newport, NC 28570
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    • $1,115,136
      2,834 SF

      Prime Newport CVS Pharmacy Investment

      High-yield retail pharmacy, strong tenant.
      129 Nine Foot Rd, Newport, NC 28570
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    • $1,025,000
      9,012 SF

      Dollar General Net Lease Investment

      Coastal NC retail property, strong tenant.
      5530 Nc-24, Bogue, NC 28570
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    FAQs

    What type of property is this?
    Commercial real estate - 0.87-acre lot, ideal for development. High-growth potential.
    Where is this commercial real estate located?
    The property is located at 160 Nine Mile Rd Newport, NC.
    What is the asking price?
    The asking price for this property is $249,000.
    (252) 726-2826
    Request Owner's contact information
    160 Nine Mile Rd 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
    160 Nine Mile Rd Newport, NC 28570
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