I-42 Corridor Opportunity - Premium 1.08 AC Shovel-Ready Commercial Land | US-70 Newport, NC

Investment Overview

Prime Highway Commercial Opportunity: Presenting a high-visibility commercial parcel featuring 1.08 acres of prime real estate along the heavily trafficked US Hwy 70 corridor in Newport, NC. Designated as Lot #3, this site offers excellent logistical advantages, high traffic counts, and optimal exposure for retail, medical, or professional office development. Strategic Assembly Option: To maximize your development footprint, this property can be purchased in tandem with the adjacent lot under the same ownership at 313 Roberts Rd (Lot #2). Lot #2 features 1.02 acres and is offered at $350,000. Purchasing both lots delivers a powerful 2.10-acre contiguous commercial tract with versatile access configurations from both US Hwy 70 and Roberts Rd. High-Traffic Intersection: Positioned at a signalized intersection on the future Interstate 42, the site benefits from high visibility and controlled traffic flow that naturally slows vehicles, increasing "glance time" for your business. Built-in Foot Traffic: The lot is directly adjacent to Smithfield's Chicken 'N BBQ and sits across from a Walmart Neighborhood Market, ensuring a steady stream of local and regional consumers already visiting the immediate area. Interstate Infrastructure: As part of the planned I-42 corridor, US Highway 70 is being upgraded to interstate standards, which is projected to significantly enhance long-term connectivity, tourism, and property value. Property Specifications Lot Size: Approximately 1.08 acres of cleared, level land ready for development. Zoning: Commercial Highway (HW), providing flexibility for retail, quick-service restaurants (QSR), medical offices, or financial services. Utilities: Fully equipped with municipal water and sewer connections, plus electricity, natural gas, and underground cable available on-site. Ease of Access: Features multiple road frontage points and proximity to the main service road, facilitating easy ingress and egress for customers. Market Growth The Newport area maintains a consistent population base with a median household income of approximately $76,091. Average traffic counts on US-70 range between 20,000 and 22,000 vehicles per day, with seasonal surges of up to 40% during peak summer months due to its proximity to the Crystal Coast.

Investment Highlights

• Located at a strategic signalized intersection at US Highway 70 and Roberts Road / NC State Road 1140, a primary route transitioning into the future Interstate 42.
• Established Retail Neighbors: Immediately adjacent to Smithfield's Chicken 'N Bar-B-Q and directly across from a Walmart Neighborhood Market, ensuring high existing consumer traffic.
• Development / Shovel-Ready Lot: This 1.08-acre parcel is cleared, level, and ready for construction with clean environmental report.
• Prime Commercial Zoning: Zoned Commercial Highway (CH), allowing for flexible high-impact uses such as retail, restaurants (QSR), or medical offices.
• High Daily Traffic Counts: Features an average of 20,000 to 22,000 vehicles per day, with seasonal traffic surges of up to 40% during peak summer months.
• Full Utility Access: Available on-site utilities include municipal water and sewer (Town of Newport), Duke Energy electric, and Piedmont Natural Gas.
• Strong Local Demographics: Positioned in a market with a median household income of approximately $76,091, providing a solid customer base for new businesses