127 Acres Heavy Industrial in Shallotte
Vacant Land
for Sale
Sale Pending
| Catylist Listing ID: |
30650274 |
| Property Subtypes: |
Hospitality, Industrial, Other
|
| Status: |
Pending |
| Gross Land Area: |
127.45 Acres
|
| Sale Price: |
$2,650,000 |
| Unit Price: |
$20,792 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/24/2021 |
Overview / Comments
|
Shallotte, NC Heavy Industrial zoned land. 127.65 acres at US 17 Bypass just north of Smith Ave. in the Shallotte ETJ. The new Smith Ave. interchange proposed by NCDOT *(TIP Project U 5862) would provide direct access into the property. Land Management Group's preliminary wetlands study showed 63% or 80.4 acres of uplands. Rare heavy industrial zoning approximately 35 miles from Wilmington, NC with the Port of Wilmington, ILM airport and I-40 and Myrtle Beach, SC along Hwy 17.
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Additional Details
| Nearest MSA: |
Myrtle Beach-Conway-North Myrtle Beach |
| County: |
Brunswick |
| Taxing Authority: |
Town of Shallotte & Brunswick County |
| Tax ID/APN: |
18100054 |
| Zoning: |
SH-HI |
| Property Located Between: |
Wilmington, NC & Myrtle Beach, SC |
| Property Visibility: |
Excellent |
| Legal Description: |
127.45 ACRES US 17 |
| Largest Nearby Street: |
Highway 17 & Smith Avenue |
| Feet of Frontage: |
2,140 |
| Highway Access: |
Fronted by Highway 17 |
| Airports: |
Equidistant to Wilmington International and Myrtle Beach International |
| Area Description: |
The Town of Shallotte is strategically located in the center of the commercial hub of Southeastern North Carolina. Fifteen minutes from the South Brunswick Islands of Holden Beach, Ocean Isle Beach and Sunset Beach, Shallotte is thirty minutes from Wilmington, NC and Myrtle Beach, SC.
This rare 127 Acre Heavy Industrial site has great exposure and access from Hwy 17 and Smith Avenue. Shallotte is the commercial hub for the South Brunswick Islands communities of Holden Beach, Ocean Isle Beach, Sunset Beach and Calabash. The large retail stores and diversity of shops and restaurants draw from Bolivia, Supply and Whiteville. New projects underway include the Coastal Walk Marketplace anticipating Ulta, Hobby Lobby, Chick-fil-A and Starbucks and the Shallotte Riverfront Project with riverwalk and new riverfront restaurant and retail locations.. The Shallotte Riverfront Redevelopment Project is currently in the permitting process and will attract locals and tourists alike traveling the Main Street corridor. |
| Lot Frontage: |
2140 |
| Zoning Description: |
Heavy Industrial |
| Available Utilities: |
Electric, Water, Sewer, Cable, Broadband, Internet Access |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
3,857 |
12,805 |
| Median Age: |
46.46 |
45.88 |
| Households: |
1,650 |
5,491 |
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