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    2725 Blvd Newton, NC 28658

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail spaces available in Newton, NC.

    Lot size:
    126,435 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Marketplace Center, a 126,435 square foot retail, office, and restaurant property in Newton, NC, offers exceptional leasing opportunities. Built in 1988 and situated on 15.8 acres, this center boasts a prime location with high visibility and daily traffic exceeding 17,000 vehicles. Multiple spaces are available, ranging from a minimum of 1,400 square feet to a maximum contiguous space of 7,840 square feet, with a total of 15,890 square feet currently vacant. The property features ample parking with 640 spaces and is zoned PD-SC-M. The center is anchored by established national and local tenants, including Big Lots, Burke's Outlet, Rent-A-Center, Papa Johns, and H&R Block, ensuring a strong tenant mix and consistent foot traffic. The surrounding area includes numerous amenities and businesses, such as Sonic Drive-In, Bojangles', Walgreens, Hardee's, and Advance Auto Parts, as well as educational institutions and parks. Its strategic location within the Hickory Metropolitan area provides easy access to major transportation arteries, including Interstate 40, US Highways 321 and 70, and NC Highways 10, 16, and 70. The proximity to Hickory Regional Airport (12 miles) and Charlotte-Douglas International Airport (38 miles) further enhances its accessibility. Newton's diverse industrial base, encompassing sectors like fiber cable, automotive parts, and medical supplies, contributes to a robust local economy. This presents a unique opportunity for businesses seeking high-visibility retail space in a thriving community.

    Property Features for 2725 Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    126,435 SF

    Building Details

    Year Built
    1988

    Unit(s) available at that property

    Space
    Suite F
    Size
    7,840 SF
    Space
    Suite D
    Size
    1,800 SF
    Space
    Suite I
    Size
    2,400 SF
    Space
    Suite H-1
    Size
    1,200 SF
    Space
    Suite E-1
    Size
    15,000 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Newton
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.2283038
    Latitude
    35.6923488

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    FAQs

    What type of property is this?
    Restaurant - High-traffic retail spaces available in Newton, NC.
    Where is this restaurant located?
    The property is located at 2725 Blvd Newton, NC.
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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

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    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
    2725 Blvd Newton, NC 28658
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