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    912 Main Ave Newton, NC 28658

    Sponsored
    For Sale
    $2,250,000

    6.5-Acre Mixed-Use Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6.5-acre property in Newton, North Carolina, presents a unique investment opportunity. Located at 912 N Main Avenue, this assemblage comprises three parcels of land, including two residential parcels currently under month-to-month leases, an office building, and a substantial 63,000+-square-foot manufacturing building. The entire block presents significant potential for mixed-use development, capitalizing on its prime location just blocks from downtown Newton. The existing structures offer immediate income potential, with the residential units and office building currently occupied under month-to-month leases. Detailed lease information is available upon request. Prospective buyers should note that tenants should not be disturbed. The asking price for this expansive property is $2,250,000. This is a rare chance to acquire a large, centrally located property with diverse existing structures and significant redevelopment potential in a growing North Carolina community. The property's zoning and potential uses should be verified independently. The 28658 zip code offers convenient access to local amenities and transportation networks. This is an ideal opportunity for developers seeking a substantial project with immediate income generation and long-term growth prospects. Serious inquiries only.

    Property Features for 912 Main Ave

    General Information

    Property type
    Manufacturing properties
    Lot Size
    283,140 SF

    HighLights

    • 6.5‑acre assemblage in Newton, NC, at 912 N Main Avenue.
    • Three parcels including two rent‑producing residential units (month‑to‑month leases), an office building, and a 63,000+ SF manufacturing building.
    • Significant mixed‑use development potential, blocks from downtown Newton.
    • $2,250,000 asking price.
    • Current tenants in place, generating immediate income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    Newton
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.2218052
    Latitude
    35.6720086

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    FAQs

    What type of property is this?
    Manufacturing property - 6.5-Acre Mixed-Use Development Opportunity
    Where is this manufacturing property located?
    The property is located at 912 Main Ave Newton, NC.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: 6.5-acre assemblage in Newton, NC, at 912 N Main Avenue.; Three parcels including two rent-producing residential units (month-to-month leases), an office building, and a 63,000+ SF manufacturing building.; Significant mixed-use development potential, blocks from downtown Newton.
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    912 Main Ave Newton, NC 28658
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    Newton, NC 28658
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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
    912 Main Ave Newton, NC 28658
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