1829 Mclin Creek Rd Newton, NC 28613
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.