Property profile

912 N Main Ave Newton, NC 28658

FOR SALE
Manufacturing properties
Property ID
US53-0841103
67,675 SF 4.18 ac lot Built 1953
Entity Owned 19-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Industrial Manufacturer Factory
  • Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
  • Insurance Agency

Location

912 N Main Ave Newton, NC 28658
Newton metro Census 11200 HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$670k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$670k

Owner & transaction history

since 2007
1 recorded transaction
2007
Price N/A

Zoning & alternative use

M-1 · Newton, NC
Zoning description

The M-1 districts provide a place for the location of manufacturing and other uses which would be incompatible with general business areas. It is intended to permit in these districts any use which is inherently obnoxiou…

General category INDUSTRIAL

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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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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