Property profile

3 Us Highway 70 Newport, NC 28570

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional commercial land parcel, located at Lot 3 US Hwy 70 in Newport, North Carolina (zip code 28570), presents a unique investment opportunity. Situated directly adjacent to the newly constructed Smithfield's Chicken and BBQ, this property boasts significant visibility and high traffic counts due to its prime location on US Highway 70. The lot offers excellent road frontage, making it highly accessible for businesses. All necessary utilities are readily available on-site, simplifying development plans. A pre-existing storm water pond is also present. The property is designated as commercial land for single-tenant occupancy, offering flexibility for a variety of commercial ventures. With its strategic location, high visibility, and readily available utilities, this lot represents a compelling opportunity for developers and investors seeking a high-impact commercial presence in a thriving area of Carteret County. The property is classified as commercial land with a single suite and zero square feet of existing buildings. This blank canvas allows for complete customization to suit specific business needs. The coordinates are 34.7834102 latitude and -76.8490328 longitude.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

3 Us Highway 70 Newport, NC 28570
Newport metro
Google Maps

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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