113 B St, Newton, NC 28658-3305
This exceptional retail property, located at 113 E B Street in Newton, North Carolina, presents a unique investment opportunity. The 2,375 square foot building, constructed in 1950, sits on a 0.11-acre lot and is zoned B-3, offering a wide range of potential uses. Currently configured as a dry cleaning establishment, the property boasts a convenient drive-through window and a secure mink storage vault, adding to its versatility. Its prime downtown location offers excellent visibility and accessibility, situated near the Newton Recreation Center and within walking distance of numerous shopping and dining options. The asking price for this well-maintained building is $115,000. The property's 28658 zip code and Catawba County location provide easy access to major transportation routes and a thriving community. This is an ideal opportunity for an investor seeking a strong return on investment in a desirable location with existing infrastructure and unique features. The building's size and zoning provide flexibility for a variety of commercial ventures, making it an attractive prospect for both established businesses and entrepreneurs. The combination of its convenient location, unique features, and attractive price point makes this property a compelling investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-3 · Newton, NCNewton. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.