Property profile

1829 Mclin Creek Rd Newton, NC 28613

OFF-MARKET
Land
3 ac lot
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Property summary

AI-generated overview

This exceptional 3-acre development site is strategically located at a signalized intersection on NC Hwy 16 and East 20th Street in Conover, NC, within the Charlotte MSA. Boasting over 25,000 vehicles passing daily in 2023, this property presents a prime opportunity for retail development. The site is zoned PD-SC-N and approved for a 10,800 square foot retail building, making it ideal for a variety of uses, including dollar stores, auto parts stores, or tire shops. Utilities including water, sewer, natural gas, and power are readily available on-site. The strong demographics are further supported by over 20,000 residents and 18,000+ daytime employees within a 3-mile radius. Projected population and household growth within a 1-mile radius is +2.88% annually from 2022-2027. This fee-simple property is offered at $550,000, or $183,333 per acre. An adjacent 2.63-acre parcel is also available for purchase separately at the same price

Property profile

Verified
Property type Land
Lot 3 ac (130,680 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1829 Mclin Creek Rd Newton, NC 28613
Newton metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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