9737 Nc-16 Newton, NC 28658
- Land
- 2.63 lot acres
Current Use by Public Records
- Land
Property Details for 9737 Nc-16
- Lot size
- 2.63 lot acres
- Property type
- Land
Description
This 2.63-acre parcel in Newton, NC, offers a phenomenal opportunity for a convenience store with gas pumps. Located at a hard-signalized intersection on Hwy 16, this site boasts over 25,000 vehicles passing daily in 2023. The property is zoned PD-SC-N and approved for a 6,000 sq ft convenience store/quick-service restaurant with a drive-thru. Utilities including water, sewer, natural gas, and power are readily available on-site. A Kalibrate feasibility study projects impressive monthly sales of 190,000 gallons of fuel and $140,000 in inside store sales. The site benefits from a dense demographic area, with 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% from 2022-2027. This location is part of the Charlotte, NC MSA, ranked #22 in the U.S. An adjacent 3-acre retail parcel is available for separate purchase at $550,000
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Catawba
- State
- North Carolina
- Longitude
- -81.1995
- Latitude
- 35.6882
