110 E A St - Freestanding FOR SALE


Newton, NC 28658
$625,000 USD
980-206-0903
110 E A St, Newton, NC for Sale
$625,000 USD
Freestanding - FOR SALE
1/14
null | Request Cap Rate

110 E A St
Newton, NC 28658


HIGHLIGHTS

  • Easily accessible from two major highways
  • Heavy foot traffic
  • Only business with downtown parking
  • New HVAC
  • Located in the heart of downtown

OVERVIEW

**FOR LEASE OR SALE BY OWNER** Property Overview: 5,150 Sq. Ft. 17 parking spaces and/or storage located within gated fenced-in lot 7 bathrooms Newly installed in 12/2022: HVAC, Duct Work and Electrical LEASE TERMS: Rent: $5,000/month plus utilities Three year lease required Annual 5% rent increase Security Deposit equal to one month's rent ($5,000) Located in the heart of a bustling commercial district, this spacious and strategically positioned property offers the perfect environment for your business to thrive. Key Features: 1. *High Foot Traffic:* Situated on a main thoroughfare, this location benefits from a steady stream of pedestrians and potential customers. Your business will be prominently visible to passersby. 2. *Surrounded by Popular Businesses:* Your neighbors include well-established, complementary businesses that draw in a diverse and loyal customer base. This synergy can help boost your own sales. 3. *Ample Parking:* Convenient parking with 17 dedicated parking spots in one of the only parking lots in downtown ensuring that customers can easily access your store, making it hassle-free for those arriving by car. 4. *Well-Maintained Property:* The retail space itself is impeccably maintained and move-in ready, featuring modern fixtures and new flooring throughout. 5. *Strong Local Demographics:* The surrounding neighborhood boasts a mix of residential and commercial properties, ensuring a steady flow of potential customers from diverse backgrounds. 6. *Marketing Opportunities:* Local events and promotional opportunities within the community can help you increase your brand visibility and customer engagement. SALE TERMS: For sale by owner for $625,000. If occupied, lease will transfer to new owner with existing terms. Showings will only be scheduled when proof of funds is provided.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

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

Jordan YoungNC Proper PropertiesMore Info
980-206-0903

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Jordan YoungNC Proper PropertiesMore Info
980-206-0903

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