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    OFF-MARKET
    Land

    2124 Northwest Blvd, Newton, NC 28658

    0.81 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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