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- LoopNet Team
9737 Nc Hwy 16
Newton, NC 28658
Newton Development Site · Land For Sale
·
5.63 AC
INVESTMENT HIGHLIGHTS
- Excellent Location - Located at a Hard Signalized Corner on Highway 16 Which Has Expanded to 4 Lanes Within the Past 2 Years
- Population and Average Household Income Have Both Increased Since Last Demographics Were Pulled
- Phenomenal Sales Projections - Kalibrate Study Completed Projecting C-Store Sales of $139,000 Monthly, 171,000 Gallons Sold Per Month
- Traffic Counts Are Projected to Increase Substantially
- Ready to Build - Zoning and Council Approval for 6000 SF C-Store/QSR with Drive-Thru; 10,000 SF of Additional Retail Approved as Well
- Tax Benefits - Located within Opportunity Zone; A New C-Store May Qualify For 100% Bonus Depreciation
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 5.63 AC |
| Property Subtype | Commercial | Cross Streets | 20th St |
| Proposed Use | |||
| Zoning | PD-SC-N - Planned Development Shopping Center Neighborhood | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 5.63 AC |
| Cross Streets | 20th St |
| Zoning | PD-SC-N - Planned Development Shopping Center Neighborhood |
DESCRIPTION
Site: Hwy NC 16 @ E. 20th St. Zoning: PD-SC-N (Planned Dev. Shppg. Ctr. - Neighborhood) Parcel I.D.: # 3741 - 19 - 62 - 6465 County: Catawba Site Plans: C- Store; C- Store + Retail Bldg.; QSR; QSR Drive-Thru with Retail Studies: Full Kalibrate Report available Ordinance: New Zoning, PD-SC-N (Sept 2020) Traffic: 23,000 +/- VPD Expansion: Hwy 16 going to 4-Lane, a direct route to Charlotte Zoning / Council Approval: 6000 SF C-Store 8 pumps + 10,000SF, or QSR w / Drive-Thru combo Opportunity Zone: Yes (Surveys, Prelim Site Plans, Kalibrate Study, Sales Comps, Businesses Aerials and other vital docs can be found at the OM upload
PROPERTY TAXES
| Parcel Number | 3741196264650000 | Improvements Assessment | $0 |
| Land Assessment | $157,400 | Total Assessment | $157,400 |
PROPERTY TAXES
