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    FOR SALE
    Manufacturing properties

    912 N Main Ave, Newton, NC 28658

    67,675 SF 4.18 ac lot Built 1953
    Entity Owned 19-yr Hold Free & Clear
    Property ID
    US53-0841103
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1953
    Construction WOOD
    Total area 67,675 SF
    Lot 4.18 ac (182,081 SF)
    Zoning code M-1
    APN 3730-12-97-9061
    UPID US53-0841103
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $670k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $695k
    Owner & transaction history
    Trae Ptrs LLC · 19 yrs held
    Trae Ptrs LLC
    since 2007
    1 recorded transaction
    2007
    Zoning & alternative use
    M-1 · Newton, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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