106 B St Newton, NC 28658-3306

Property Details for 106 B St

Year built

1946

Construction

WOOD

Lot size

0.07 lot acres

Property size

6,000 SF

Zone code

B-3

Property type

Commercial real estate

APN

3740-13-03-1198

APU

374013031198

Description

This unique commercial property located at 106 E B Street in downtown Newton, NC, presents a compelling investment opportunity. Situated on a 0.07-acre lot, the building offers a blend of commercial and residential space. The main floor currently houses a tattoo business in the front and storage in the rear, but its adaptability allows for a wide range of business uses. Key features on this level include a kitchen, three bathrooms, a break room, several additional smaller rooms, and a workshop. The second floor is a spacious loft apartment with an open layout, a bedroom, and two bathrooms. This area could easily be converted back to commercial use if desired. A remarkable feature is a hydraulic winch located on the second floor, providing convenient access to the exterior alley for moving heavy equipment or furniture, eliminating the need for stairs. The building is heated by two 5-ton gas units (main floor unit requires repair) and features air conditioning on the main floor. The aluminum awning is in good condition, needing only minor cosmetic updates. Significant electrical and plumbing upgrades were completed between 2008 and 2010, according to the seller. This large building offers substantial potential for a savvy investor looking to capitalize on the growth of Newton's downtown area. The asking price is $479,000.