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129 Nine Foot Road

Newport, NC 28570
  • $950,000
  • STATUS: Active
  • ON SITE: 270 Days
  • ID#: 100387409
UPDATED: 61 min ago
$950,000
  • 0
    BEDS
  • 0.98
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,834
    SQFT
  • $335
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2011
County:
Area:

School Ratings & Info

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 escalators, 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.

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Mid Carolina MLS logo© 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2024-02-27T11:00:29.523.
www.dogwoodprop.com/homes/140091592
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129 Nine Foot Road Newport, NC 28570

  • Price: $950,000
  • Status: Active
  • On Site: 270 Days
  • Updated: 61 min ago
  • ID#: 100387409
0
Beds
0
Baths
0
½ Baths
0.98
Acres
2,834
SQFT
$335
$/SQFT
2011
Built
Neighborhood:
Not In Subdivision
County:
Carteret
Area:
Newport
Property 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 escalators, 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.
Exterior Features

Construction Block Exterior Finish BrickSynthetic Stucco Foundation Slab Location Freestanding Location Type Mainland Lot Dimensions 386' x 120' Lot Water Features None Number Of Parking Spaces 22 Parking Driveway CircularLightedPaved Road Type Frontage 2 - 3 LanesPavedPublic (City/Cty/St) Roof Membrane

Interior Features

Attic None Basement None Cooling System Central Flooring Concrete Heating System Heat Pump Sq Ft Total Available 2574.00

Property Features

Auction No City Limits No Cobra Zone No Commercial Features None Commercial Sub Type CommercialMedicalRetail County Taxes 1254.66 Current Use1 Commercial Federal Flood Ins Avlbl Yes Fuel Tank None Hoa Amenities No Amenities New Construction No Possession At Closing Property Taxes 2510.05 Sale Lease Includes Buildings Sale Or Lease Sale Secondary Subdivision N/A Stipulation Of Sale None Tax Year 2022 Terms 1031 ExchangeCashConventionalFMHASBA Water Sewer City WaterMunicipal Sewer Zoning Commercial



Mid Carolina MLS logo Listing information © 2024 NCRMLS
Listing courtesy of Stacey Bowen of United Country Respess Wilder: .


Mid Carolina MLS logo© 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2024-02-27T11:00:29.523.
 
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Dogwood Properties
619 Oberlin Road, Ste 200
Raleigh NC, 27605