Multi-Tenant Retail Building For Sale in Southport

Retail-Commercial for Sale
Also listed as Office, Shopping Center
Catylist Listing ID: 30767012
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Post Office, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 4,988 SF
Gross Land Area: 1.16 Acres
Sale Price: $1,350,000
Unit Price: $270.65 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Tidewater Plaza
Usable Size (USF): 4,988 SF
Sale Terms: Cash to Seller
Last Updated: 10/20/2021

Overview / Comments

Well-appointed 3-unit retail building FOR SALE. Located at 1669 Howe Street in Southport North Carolina in front of the Walmart Shopping Center. This property presents an opportunity to either owner occupy a portion of the building with rental income from the leased units or to purchase as a value add investment opportunity. Current Tenants include Great Clips and US Cellular. The remaining available 2,500 SF end cap unit was last used as a bank and has well-appointed decor and includes a 2-window, 2-lane drive-thru, bank vault, exterior mop sink, and grease trap. This dynamic unit could be converted to a dine-in restaurant, fast food (QSR) restaurant, cafe, bottle shop, taproom, office or general retail space.

The out-parcel location is at the main entrance of the shopping center complete with a signalized intersection and approximately 232 ft. of road frontage along N. Howe St which has a traffic count of approximately 23,000 cars per day.

Financials are available upon execution of CA. Contact listing agent for details.

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Taxing Authority: Southport, NC
Tax ID/APN: 2210003104
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: N. Howe St. and River Road
Property Visibility: Excellent
Largest Nearby Street: N. Howe St
Feet of Frontage: 232
Traffic/Vehicle Count: 23,000
Highway Access: Hwy 211 & Hwy 87
Airports: ILM
Site Description: The building is located on an out parcel of a Walmart Super Store facing N Howe St. Perpendicular to the Walmart store is a line of retail shops facing the parking lot.
Area Description: The Walmart Center is on N. Howe St. (Hwy 211) approximately 2 miles to downtown Southport and approximately 2 miles to the Long Beach Road intersection. N. Howe/US 211 is slated for widening . All of the construction will be done on the far side of the road.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2003
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 46
Parking Type: Surface
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Internet Access: Fiber Optic
Zoning Description: (HC) - Highway Commercial District. A district established for the retailing of durable goods, provision of commercial services to industrial areas, and the provision of services to transients.
Lot Frontage: 232 Ft.
Lot Depth: 247 Ft.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,674 8,317 10,687
Median Age: 50.29 52.69 52.06
Households: 1,259 3,835 4,930
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