Property summary
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
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
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.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-3 · Newton, NCThe 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.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-3 in Newton, NC.
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Find the owner behind the property.
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