Property profile

5621 Highway 70 Newport, NC 28570

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 8.49-acre commercial land parcel presents a unique investment opportunity along the heavily trafficked US Highway 70 in Carteret County. Currently configured for boat storage, this property boasts significant advantages for a variety of commercial uses. Its strategic location ensures high visibility and easy access for customers and employees. Security features include an electronically operated gate with keypad entry, providing a secure environment for tenants and their operations. The property is well-lit, enabling 24/7 functionality. Efficient traffic flow is ensured by designated entrances and exits, minimizing congestion and maximizing convenience. The expansive acreage offers ample space for large-scale operations requiring significant outdoor storage or display areas. The existing infrastructure, including the secure gate and lighting, represents a significant cost savings for prospective tenants. This property is ideal for businesses seeking a high-profile location with excellent accessibility and security features, making it an attractive option for a wide range of commercial ventures beyond boat storage. The single-tenant setup offers flexibility and control. This is a prime opportunity to establish a thriving business in a high-traffic area.

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

5621 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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