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129 Nine Foot Road

Newport, NC 28570
  • $1,056,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 100300756
UPDATED: 33 min ago
$1,056,000
  • 0
    BEDS
  • 0.98
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,834
    SQFT
  • $373
    $/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 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.

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© 2021 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 2021-11-28T14:56:29.323.
www.watermarkrealtygroup.com/homes/123261466
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129 Nine Foot Road Newport, NC 28570

  • Price: $1,056,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 33 min ago
  • MLS #: 100300756
0
Beds
0
Baths
0
½ Baths
0.98
Acres
2,834
SQFT
$373
$/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 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.
Exterior Features

Construction Block Exterior Finish BrickSynthetic Stucco Foundation Slab Location FreestandingGen Bus District Location Type Mainland Lot Dimensions 386' X 120' Number Of Parking Spaces 22 Parking Driveway CircularLightedPaved Road Type Frontage 2 - 3 LanesPavedPublic (City/Cty/St) Roof Membrane

Interior Features

Basement None Cooling System Central Flooring Concrete

Property Features

Auction No City Limits Yes Cobra Zone No Commercial Sub Type MedicalRetail County Taxes 1254.66 Federal Flood Ins Avlbl No Fuel Tank None Hoa Amenities No Amenities Hoa YN No New Construction No Possession At Closing Property Taxes 308.31 Sale Lease Includes BuildingsLand Sale Or Lease Sale Secondary Subdivision N/A Stipulation Of Sale None Tax Year 2021 Terms 1031 ExchangeCashConventionalFmhaSba Water Sewer City WaterMunicipal Water Zoning Commercial



Listing information © 2021 NCRMLS
Listing provided courtesy of Stacey Respess Bowen of United Country Respess Wilder Realty.


© 2021 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 2021-11-28T14:56:29.323.
 
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Watermark Realty Group
PO Box 1326
Jacksonville NC, 28541