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Property profile

160 Nine Mile Rd Newport, NC 28570

OFF-MARKET
Commercial real estate
Property ID
US53-2278761
View Sample
0.87 ac lot
Entity Owned 5-yr Hold

Property summary

AI-generated overview

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 profile

Verified
Property type Commercial real estate
Lot 0.87 ac (37,897 SF)
UPID US53-2278761

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2021
1 recorded transaction
2021
$400,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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