23 A St Newton, NC 28658-3301
- Commercial real estate
- 3,402 SF
- 0.04 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 23 A St
- Year built
- 1920
- Construction
- WOOD
- Lot size
- 0.04 lot acres
- Property size
- 3,402 SF
- Zone code
- B-3
- Property type
- Commercial real estate
- APN
- 3740-13-03-0423
- APU
- 374013030423
Description
This exceptional 1,701 square foot retail space is located at 23 E St Unit #A in the heart of Downtown Newton, North Carolina, 28658. Situated in Central Square, this newly renovated ground-level suite boasts a spacious, open floor plan, ideal for a variety of retail or office uses. The property has received all necessary approvals from Catawba County. Its prime location offers unparalleled convenience, being within walking distance of numerous banks, restaurants, and other businesses. The proximity to the county courthouse, less than a mile away, further enhances its appeal. This is a truly remarkable opportunity to establish a presence in a thriving community undergoing significant revitalization. Currently, there is a favorable lease deal available, making this an even more attractive proposition for prospective tenants. This offer is particularly appealing given the ongoing Newton Streetscape Project, which is transforming the area and driving increased foot traffic and visibility. Don't miss this chance to secure your place in this vibrant and growing downtown area. The property is a single-tenant space, offering exclusivity and control.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $120,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $95,000
- 6.5%
- $100,000
- 7%
- $100,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $110,000
- Geo Method
- $90,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $85,000
- Retail
- $95,000
- Mixed-Use
- $105,000
- Hospitality
- $85,000
- Educational
- $95,000
- Residential Income
- $95,000
- Energy
- $100,000
- Income-Based Land
- $105,000
- Food Service
- $85,000
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Catawba
- State
- North Carolina
- Longitude
- -81.2221
- Latitude
- 35.6625
- CBSA code
- 25860
- CBSA name
- HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA