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129 NINE FOOT ROAD

Newport, NC 28570
(Not In Subdivision)

MLS# 100300756

$1,056,000
  • List Status:Active
  • Days on Market:13
  • 2834 Sq.Ft.
  • Commercial
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Property Listed By: United Country Respess Wilder Realty
Agent: Stacey Respess Bowen

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. 129 Nine Foot Road

PROPERTY DATA

Interior Features
  • SqFt Heated: 2834
Exterior Features
  • Lot Acres: 0.98
  • Road Type:
    • 2 - 3 Lanes
    • Paved
    • Public (City/Cty/St)
  • Parking/Driveway:
    • Circular
    • Lighted
    • Paved
  • Style:
    • Medical
    • Retail
Building and Construction
  • Year Built: 2011
  • Construction: Block
  • Foundation: Slab
  • Roof: Membrane
  • Utilities:
    • City Water
    • Municipal Water
  • Cooling System: Central

Property Listed By: United Country Respess Wilder Realty

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This listing is Provided by Carteret County / Crystal Coast MLS and Emerald Isle Realty. Information Deemed Reliable But Not Guaranteed.
The above data is furnished for informational purposes only. You are responsible for confirming the sufficiency and reliability of such information.
Copyright 2019 Carteret County / Crystal Coast MLS.
All rights reserved. Carteret County Real Estate

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Featured real estate company is not a mortgage lender and so you should contact Atlantic Bay Mortgage Group, L.L.C. directly to learn about its products and your eligibility for such products. The featured lender has an affiliated business relationship with the featured real estate agent. You are under no obligation to use the featured lender for financing. All loans subject to income verification, credit approval and property appraisal. Not a commitment to lend. Atlantic Bay Mortgage Group, L.L.C. NMLS #72043 (nmlsconsumeraccess.org) is an Equal Opportunity Lender. Located at 600 Lynnhaven Parkway Suite 203 Virginia Beach, VA 23452.