Property summary
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
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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