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    417 Cranberry St Newland, NC 28657

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    For Sale
    $765,000

    Retail property with established business and residential income potential.

    Property Features for 417 Cranberry St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1973

    Source: COMBS CAROLINA PROPERTIES INC Agent PATRICIA COMBS

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newland Retail Opportunity For Sale

    Located in Newland, this property offers an opportunity with city water and sewer services. It features over 320 feet of road frontage on a level lot. Currently, the property includes an established hair salon, a 20x60 single-wide mobile home with 2 bedrooms and 2 bathrooms used as a single-family residence, and an extra building site. The property is located in an area where Newland is now approving beer, wine, and liquor sales, presenting a potential site for a new restaurant or retail venture. Buyers have the option to continue the current business or transform the space. The mobile home tenant is currently under a 30-day notice. A new survey is being completed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Newland
    County
    Avery
    State
    North Carolina
    Longitude
    -81.9285871
    Latitude
    36.0898741

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      Newland Retail Opportunity For Sale

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    FAQs

    What type of property is this?
    Retail space - Retail property with established business and residential income potential.
    Where is this retail space located?
    The property is located at 417 Cranberry St Newland, NC.
    What is the asking price?
    The asking price for this property is $765,000.
    What are key features of this property?
    This property features: - Prime Newland location with **high visibility and over 320 feet of road frontage.**; - City water and city sewer connections.; - Opportunity for restaurant or retail venture due to new alcohol sales approval in Newland.
    Request Owner's contact information
    417 Cranberry St Newland, NC 28657
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    Newland, NC 28657
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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
    417 Cranberry St Newland, NC 28657
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