$317.57 Per Sq Foot $4,695 est/mo Sourced by Back At You

129 Nine Foot Road,Newport, NC 28570

Newport NC, 28570

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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.

Details

MLS#100387409
Listing TypeFor Sale
StatusActive
Year2011
Days On Site356
Listing Provided ByUnited Country Respess Wilder | Stacey Respess Bowen

Features

N/A2,834
ZoningCommercial
Acreage0.98

Market Activity 28570

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Listings Checked: 10 minutes ago
StateNC
CountyCarteret
CityNewport
Zip Code28570
AreaCarteret
Community NameNot In Subdivision
Listing VS Median (in Not In Subdivision)
Price:
$900,000
low | high
Med:
$272,900
100% of Average
SqFt:
2,834
low | high
Med:
1,539
95.695130557516% of Average
$ / SqFt:
$318
low | high
Med:
$177
94.138604826775% of Average
On Site:
356
low | high
Med:
40
100% of Average
Sourced by Back At You
Listing Updated: April 1, 2024 at 11:15:33 PM PDT