SummerHome Complex

Retail-Commercial for Sale
Also listed as Special Purpose, Office
Catylist Listing ID: 30621040
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Street Retail, Other
Building Size (RSF): 69,390 SF
Gross Building Area: 715,228 SF
Gross Land Area: 3.60 - 3.64 Acres
Sale Price: $6,500,000
Unit Price: $93.67 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: SummerHome
Usable Size (USF): 69,380 SF
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: 8.8%
Last Updated: 9/15/2020

Overview / Comments

Retail, Warehouse and Office complex located in the rapidly developing Town of Shallotte. This 3.64-acres parcel of land comes with three individual buildings consisting of over 69,000 Square Feet of commercial space. The complex consists of a Store/Warehouse(45,135 SF), Warehouse with a Semi-Tractor trailer unloading capabilities(11,781 SF) and an Office/Retail building consisting of 6 individual units. This entire property is currently 100% utilized by the current owner/operator. The entire space will become available Fall of 2020. The property is also being marketed for lease with a number of space leasing options. Projected business rental income of over $700,000.

This property is ideal to be utilized by one owner operator needing large storeroom, warehouse and business office space. This also is ideal as an commercial leasing investment. The space is all separately metered and can be uses to accommodate many different types of business operations.

The location provides high visibility and convenient accessibility as Shallotte is rapidly growing to be a main commercial HUB for the Brunswick County area and local communities.

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Taxing Authority: Brunswick County
Tax ID/APN: 1810005807
Zoning: HB HIGHWAY BUSINESS DISTRICT. THIS DISTRICT IS ESTABLISHED IN WHICH THE PRINCIPAL USE OF LAND IS FOR THE RETAILING OF DURABLE GO
Retail Clientele: General, Family, Business, Traveler, Recreation
Property Located Between: Whiteville Road NW and Mulberry Road NW
Property Visibility: Excellent
Largest Nearby Street: Ocean Highway Rt 17
Feet of Frontage: 400
Highway Access: Rt 17
Airports: ILM and Myrtle Beach
Site Description: Business development, retail, warehouse and office space. Large parking and well maintained.
Area Description: Highway Business corridor
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Excellent
Year Built: 2002
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Other
Exterior Description: Metal, masonry and block
Parking Type: Surface
Parking Description: Large surface parking
Sprinklers: None
Heat Type: Electricity, Suspended Radiant Heaters
Heat Source: Central, Other
Air Conditioning: Engineered System, Package Unit
Interior Description: Open space Store/Retail, Warehouse and office.
Zoning Description: HB Highway Business District. This district is established in which the principal use of land is for the retailing of durable goods, provision of commercial services to industrial areas and the provision of services to transients. In promoting the general purposes of this Ordinance, the specific intent of this section is: (1) To encourage the continued use of land for commercial establishments which provide services to industrial areas and transients. Amended 06/06/2017 9-4 (2) To discourage any use, which because of its character and size, would interfere with the use of land for other commercial activities. (3) To discourage any use, which because of its character and size, would create requirements and costs for public services, such as police and fire protection, water supply, and sewerage substantially in excess of such requirements and costs if the district were developed solely for commercial uses
Lot Frontage: 400
Lot Depth: 425
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Steven Williford
Legal Description: 3.64 AC OFF US 17 PLAT 25/80

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,921 12,505
Median Age: 47.67 46.47
Households: 1,252 5,394

Contact

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Cape Fear REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.