1514 Nc 10 HwyNewton, NC 28658

  • Industrial properties
  • 6,444 SF
For Sale
$599,900 View listing

Property Details for 1514 Nc 10 Hwy

Year built
1967
Construction
WOOD
Lot size
0.56 AC
Property size (Sq ft)
6,444 SF
Zone code
B-4
Property type
Industrial properties
Property subtype
Other warehouses
APN
3639-06-49-6767
APU
363906496767

Description

This exceptional business opportunity encompasses two adjoining properties totaling 9,694 square feet situated on a 0.86-acre lot at 1514 & 1522 W NC Highway 10 in Newton, NC. Benefitting from over 400 feet of road frontage on a highway with a North Carolina Department of Transportation-reported average daily traffic count exceeding 10,000 vehicles, this location offers unparalleled visibility and accessibility. The first building, a 6,444 square foot auto dealership, features a showroom, office space, three bathrooms, two bays with front-facing garage doors, and substantial storage. The second building, a 3,250 square foot five-bay auto shop, includes four oversized garage doors, five auto lifts, an office, a waiting area, and two additional storage areas. Plumbing is in place for two bathrooms in this building. Ample shared parking is available for both properties. This combined property presents a rare opportunity to acquire established commercial space in a high-traffic location with significant potential for growth and expansion. The existing infrastructure and layout are well-suited for continued automotive-related businesses, but the versatile space could also accommodate a variety of other commercial uses. This is a turnkey opportunity for an entrepreneur seeking a well-positioned and established business.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,723,427
    Hospitality
    $1,578,650
    Educational
    $1,313,418
    Medical
    $1,358,589
    Retail
    $2,043,095
1514 Nc 10 Hwy, Newton, North Carolina

Location Insight

City
Newton
County
Catawba
State
North Carolina
Latitude
35.6521
Longitude
-81.2398
CBSA code
25860
CBSA name
HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,767
$19,500
$188,800
$208,300
-
$19,500
$188,800
$208,300

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