Income Producing Commercial Property for Sale, Newport Nc

$ 950,000
129 Nine Foot Road, Newport, NC 28570, ,
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Overview

  • Updated On:
  • August 8, 2022
  • acre symbol
  • 0.9 Acres
  • 2 Bathrooms
  • 2,834.00 ft2
  • Year Built: 2011

Description

Commercial retail property for sale in Newport, NC. High traffic count location. This property is located just off of US Hwy 70 E on Nine Foot Road, and is easily visible from the main highway, this location on US 70E has a high  traffic count of 28,500  vehicles per day. It has 126 feet of frontage on Nine foot road that has a traffic count of 5,700 vehicles per day. The two parcels that make up the property total .98 acres and situated on it is a 2,834 square foot retail space that was built in 2011. The property has been occupied since 2014 by CVS Pharmacy, and the current lease is good until July of 2024. There are two 5 year extension options, with cost escelators, available that would extend the current lease until 2029, and 2034 respectively. Having a major tenant like CVS and the possibility to extend tenancy for another 13 years make this property a great investment opportunity.

 

Officially chartered in 1866, the Town of Newport is ideally situated along the busy corridor between Havelock, and Morehead City, it’s just minutes from Crystal Coast beaches, local military bases, or Historic downtown New Bern; making this retail property convienent to thousands of potential customers each day.

 

PROPERTY FEATURES:

Commercial Property For Sale
Commercial Property Newport NC
Commercial Building For Sale
Commercial Building Newport NC
Commercial Real Estate For Sal
Commercial Real Estate Newport
Income Producing Property
Great Cap Rate Property

Address: 129 Nine Foot Rd
City:
State/County:
Zip: 28570
Country: United States
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Property Id : 44064
Price: $ 950,000
Property Size: 2,834.00 ft2
Bathrooms: 2
County: Carteret County
Lot Size (AC): 0.90000
Year Built: 2011
Listing ID: 32116-00756
Office ID: 4932
Listing Address: 129 Nine Foot Road, Newport, NC 28570
Other Features
Exclusive Right to Sell

Bowen, Stacey

United Country - Respess Wilder Realty
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Call Mobile252-945-3198

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Income Producing Commercial Property for Sale, Newport Nc

$ 950,000
Commercial retail property for sale in Newport, NC. High traffic count location. This property is located just off of US Hwy 70 E on Nine Foot Road, and is easily visible from the main highway, this location on US 70E has a high  traffic count of 28,500  vehicles per day. It has 126 feet of frontage on Nine foot road that has a traffic ...
Commercial retail property for sale in Newport, NC. High traffic count location. This property is located just off [more]
Listing ID: 32111-00756
0.9 ac 2 2,834.00 ft2details

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Bowen, Stacey