Property profile

2124 Northwest Blvd Newton, NC 28658

OFF-MARKET
Land
0.81 ac lot
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Property summary

AI-generated overview

This exceptional .81-acre commercial lot, located in Newton, North Carolina's bustling Business District B-4, presents a unique investment opportunity. Situated on Northwest Boulevard (321), this property enjoys 150 feet of frontage and an average depth of 236 feet, providing ample space for development. The high-traffic, four-lane highway location ensures excellent visibility and accessibility, ideal for a variety of retail or commercial ventures. The property is conveniently located near established businesses such as O'Reilly Auto Parts, AutoZone, and Pizza Hut, further enhancing its appeal and potential for success. City water and sewer services are readily available. While a 1340 square foot home, per county records, is situated on the lot, it has a minor structural issue on the front foundation wall and is being sold as-is, with the land value being the primary focus of the sale. This property is offered fee simple and represents a chance to capitalize on a strategic location in a thriving commercial area. The asking price is $208,900, with a land value of $5.90 per square foot. Don't miss this chance to establish your business in a prime location.

Property profile

Verified
Property type Land
Lot 0.81 ac (35,284 SF)

Cap rate & NOI

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

Location

2124 Northwest Blvd Newton, NC 28658
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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