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Two-Building Flex Property

121 West 1st Street, Newton, NC 28658

For Sale
New
Contact for pricing

The combined offering provides substantial space for an owner-occupant to assess against its business operations.

Property Size13,961 SF
Lot Size0.35 Acres
Days on Market5

Property Features for 121 West 1st Street

General Information

Standard status Active
Size 13,961 SF
Lot size 0.35 Acres
Property subtype Industrial
Zoning B-3

Additional Details

Property Use Warehouse / Store Front

Building Details

Buildings 2
Stories 1
Construction brick and stucco
Listing Agency: WMD Asset Management
Listed By: Kyle Wade · License #Owner and Operator
Source: Crexi
Added: Nov 5 Changed: Nov 8 Last Checked: Nov 8 at 6:08PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WMD Asset Management

Rey
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Investment Insights

Based on property information with market context.

The offering combines two buildings at 121 W 1st Street and 118 W A Street, totaling approximately 13,961 square feet on approximately 0.35 acre. County records date single-story sections to 1941, 1970 and 1972; the exteriors are brick and stucco. The property is offered with two parcels and two street addresses, and its existing form is classified as flex space.

B-3 zoning applies, with restrictions tied to specific uses. Warehouse operations are not automatically permitted, so any proposed use, occupancy or improvements require confirmation with the City. Buyers should also verify the buildings’ condition, layout, access, parking and applicable approvals.

Key Highlights

  • Approximately 13,961 square feet across two buildings
  • Approximately 0.35 acre, comprising two parcels
  • Single‑story building sections date to 1941, 1970 and 1972

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Restaurant Auto Parts Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

636
Businesses Nearby
Under-served
Demand for This Use

Demographics for 28658, NC

26,453
Population
10,958
Households
2.4
Avg Household Size
42
Median Age
19%
College-Educated
88%
High-School Grad
71.3 sq mi
ZIP Area
371
Density / Sq Mi
$67,805
Median Household Income
$41,013
Median Earnings
$933
Median Rent
$192,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - The combined offering provides substantial space for an owner-occupant to assess against its business operations.
Where is this flex space located?
The property is located at 121 West 1st Street Newton, NC.
What are key features of this property?
This property features: Approximately 13,961 square feet across two buildings; Approximately 0.35 acre, comprising two parcels; Single‑story building sections date to 1941, 1970 and 1972
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