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    2150 Elbow Rd Newton, NC 28658

    Sponsored
    For Sale
    $850,000

    3.5 Acres, Hwy 321 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.51-acre commercial land parcel presents a remarkable development opportunity in Newton, North Carolina. Ideally situated on Highway 321, this level lot boasts excellent visibility and accessibility, ensuring high traffic exposure for any future business. The property is conveniently served by existing water, sewer, and electricity connections, significantly reducing infrastructure costs for potential developers. A substantial gravel base is already in place, providing a solid foundation for construction. Adding to its appeal, the entire site is securely enclosed by a fence and gates, offering peace of mind and enhanced security. The zoning designation is 321 - ED(MX), allowing for a variety of commercial uses, subject to local regulations. Located in Catawba County, at 2150 Elbow Road, Newton, NC 28658, this property is priced competitively at $850,000, making it an attractive investment for those seeking a prime location for commercial development. The readily available utilities and existing infrastructure significantly streamline the development process, minimizing upfront costs and accelerating project timelines. This is a rare opportunity to acquire a well-positioned, fully serviced commercial lot in a thriving area.

    Property Features for 2150 Elbow Rd

    General Information

    Property type
    Land
    Lot Size
    152,896 SF

    HighLights

    • Price: $850,000
    • Acreage: Approximately 3.51 acres
    • Zoning: Ed(Mx) - Mixed‑Use
    • Topography: Level
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Hotel & Motel Food Market Grocery Store Electrical Service Tech Support Center Bed & Breakfast Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.2572501
    Latitude
    35.5916821

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    FAQs

    What type of property is this?
    Land - 3.5 Acres, Hwy 321 Frontage
    Where is this land located?
    The property is located at 2150 Elbow Rd Newton, NC.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Price: $850,000; Acreage: Approximately 3.51 acres; Zoning: Ed(Mx) - Mixed-Use
    (828) 322-8022
    Request Owner's contact information
    2150 Elbow Rd 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
    2150 Elbow Rd Newton, NC 28658
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