912 Main Ave Newton, NC 28658
- Manufacturing properties
- 67,675 SF
- 4.18 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 912 Main Ave
- Year built
- 1953
- Construction
- WOOD
- Lot size
- 4.18 lot acres
- Property size
- 67,675 SF
- Zone code
- M-1
- Property type
- Manufacturing properties
- APN
- 3730-12-97-9061
- APU
- 373012979061
Description
This exceptional 6.5-acre property in Newton, North Carolina, presents a unique investment opportunity. Located at 912 N Main Avenue, this assemblage comprises three parcels of land, including two residential parcels currently under month-to-month leases, an office building, and a substantial 63,000+-square-foot manufacturing building. The entire block presents significant potential for mixed-use development, capitalizing on its prime location just blocks from downtown Newton. The existing structures offer immediate income potential, with the residential units and office building currently occupied under month-to-month leases. Detailed lease information is available upon request. Prospective buyers should note that tenants should not be disturbed. The asking price for this expansive property is $2,250,000. This is a rare chance to acquire a large, centrally located property with diverse existing structures and significant redevelopment potential in a growing North Carolina community. The property's zoning and potential uses should be verified independently. The 28658 zip code offers convenient access to local amenities and transportation networks. This is an ideal opportunity for developers seeking a substantial project with immediate income generation and long-term growth prospects. Serious inquiries only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $670,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $905,000
- 6.5%
- $870,000
- 7%
- $890,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $880,000
- Geo Method
- $940,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $835,000
- Retail
- $695,000
- Mixed-Use
- $775,000
- Hospitality
- $825,000
- Educational
- $870,000
- Residential Income
- $805,000
- Energy
- $915,000
- Income-Based Land
- $820,000
- Food Service
- $695,000
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Catawba
- State
- North Carolina
- Longitude
- -81.2223
- Latitude
- 35.6722
- CBSA code
- 25860
- CBSA name
- HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
