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    3 Us Highway 70 Newport, NC 28570

    Sponsored
    For Sale
    $750,000

    Prime Newport, NC Industrial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0 square foot industrial land parcel, located at Lot 3 US Hwy 70 in Newport, North Carolina, presents a unique investment opportunity. Priced at $750,000, this property boasts significant road frontage on a high-traffic section of US Highway 70, directly adjacent to the newly constructed Smithfield's Chicken and BBQ. Its strategic location ensures high visibility and accessibility, making it ideal for a variety of commercial or industrial developments. All necessary utilities are readily available on-site, simplifying the development process. Furthermore, the presence of a storm water pond addresses crucial infrastructure needs. The property is classified as both industrial land and warehouse space, offering flexibility for potential buyers. Situated in Carteret County, zip code 28570, this lot provides easy access to Newport's amenities and transportation networks. The coordinates are 34.7834102 latitude and -76.8490328 longitude. This is a rare chance to acquire a well-positioned, ready-to-develop site in a thriving area. The high traffic count on US Highway 70 guarantees significant exposure for any future business established on this land.

    Property Features for 3 Us Highway 70

    General Information

    Property type
    Distribution properties

    HighLights

    • 0 sq ft industrial land parcel in Newport, NC, priced at $750,000.
    • High‑traffic US Hwy 70 frontage, adjacent to Smithfield's Chicken & BBQ.
    • High visibility & accessibility, ideal for commercial/industrial development.
    • Utilities available on‑site; existing stormwater pond.
    • Zoned for industrial land and warehouse use; Carteret County, NC 28570.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.8490328
    Latitude
    34.7834102

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    FAQs

    What type of property is this?
    Distribution property - Prime Newport, NC Industrial Land
    Where is this distribution property located?
    The property is located at 3 Us Highway 70 Newport, NC.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 0 sq ft industrial land parcel in Newport, NC, priced at $750,000.; High-traffic US Hwy 70 frontage, adjacent to Smithfield's Chicken & BBQ.; High visibility & accessibility, ideal for commercial/industrial development.
    Request Owner's contact information
    3 Us Highway 70 Newport, NC 28570
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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
    3 Us Highway 70 Newport, NC 28570
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