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Property profile

105 Main Ave Newton, NC 28658

OFF-MARKET
Commercial real estate
Property ID
US53-1512125
View Sample
5,850 SF 0.07 ac lot Built 1923
Individually Owned 4-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional commercial property, located at 105 N Main Avenue in Newton, NC, presents a unique investment opportunity. Situated on a 0.07-acre lot, this historic building offers approximately 249,900 square feet of space currently occupied by two tenants. Recent updates have been made to accommodate the existing tenants, demonstrating a commitment to maintaining the property's value and appeal. The building's prime location offers excellent visibility and accessibility, with convenient proximity to both Highway 321 and Highway 16, ensuring high traffic flow and potential for increased tenant interest. The property's historical character adds to its charm and potential for attracting a diverse range of businesses. Owning this building provides the chance to capitalize on the vibrant and growing community of Newton, NC, and participate in its exciting future developments and festivities. The current tenants provide immediate cash flow, making this a strong investment with potential for future growth and appreciation. This is an exceptional opportunity for an investor seeking a stable, income-generating property in a desirable location. The property's size and location make it suitable for a variety of commercial uses, offering flexibility and long-term investment potential. Serious inquiries are encouraged to explore this remarkable opportunity further. The asking price is $249,900.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1923
Construction WOOD
Total area 5,850 SF
Lot 0.07 ac (3,049 SF)
Zoning code B-3
APN 3740-13-03-0849
UPID US53-1512125

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
2020
Price N/A
1969
Price N/A

Zoning & alternative use

B-3 · Newton, NC
Zoning description

The intent of the B-3 district is to support the central business district as a hub for commercial, financial, professional, governmental, and cultural activities through appropriate development regulations.

General category CIVIC_INSTITUTIONAL

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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