110 E A St - Freestanding FOR SALE


Newton, NC 28658
$979,000 USD
984-789-4273
110 E A St, Newton, NC for Sale
$979,000 USD
Freestanding - FOR SALE
1/21
null | Request Cap Rate

110 E A St
Newton, NC 28658


HIGHLIGHTS

  • Proximity to Highways for access to both Hickory and Lake Norman on a High Visibility Corner
  • Renovated in 2023 with new HVAC, Electric, plumbing flooring and ceilings.
  • The property is positioned with frontage along well travelled E A Street and corner of N Brady Ave. It has convenient access to Bus HWY US 321
  • Can be leased or owner user opportunity available.

OVERVIEW

Located in the heart of a bustling commercial district, this spacious and strategically positioned standalone Commercial property offers the perfect environment for your business to thrive. Benefiting from high foot traffic, this prime location sits in historic Downtown Newton prominently visible to pedestrians and potential customers. Surrounded by well-established, complementary businesses, the synergy between neighboring shops draws a diverse and loyal customer base, creating an ideal atmosphere to boost sales. With 17 dedicated parking spaces in one of the few available private parking lots downtown, customer accessibility is effortless, ensuring a hassle-free experience for those arriving by car. The property itself is meticulously maintained and move-in ready, featuring modern fixtures and new flooring throughout. The surrounding neighborhood offers a mix of residential and commercial properties, ensuring a steady flow of customers from various demographics. Additionally, local events and promotional opportunities within the community present an excellent chance to increase brand visibility and engage with potential customers. This property provides an outstanding opportunity to take your business to the next level in a thriving, high-traffic area. Retail / Showroom / Offices / For Sale & For Lease. Sales Price is $997,000 and the total Bldg. Sqft. 5152.35. The lease terms are $18/sqft - $7,728.53 Monthly/$92,742 annual base rent, absolute NNN/ 10 Years/3% annual increases, two 5 year Renewal Options The property is the only downtown business with parking available. There is also heavy foot traffic. The property was completely renovated (2023) and has new HVAC and roof.

FOR SALE DETAILS

PRICE

$979,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

undefined, Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1918

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

B-3

APN/PARCEL ID

3740130344070000

ASK ABOUT THIS PROPERTY

Marguerite GreeneCentury 21 Triangle GroupMore Info
984-789-4273

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Marguerite GreeneCentury 21 Triangle GroupMore Info
984-789-4273

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.