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: 9/3/2021

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.

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

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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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