35-50 Junction Way SE-Supply

Multi-Family for Sale
Also listed as Retail-Commercial, Vacant Land
Catylist Listing ID: 30578009
Number of Units: 2 Units
Building Size (RSF): 3,081 SF
Sale Price: $339,500
Unit Price: $169,750 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: 35 and 50 Junction Way
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2020

Overview / Comments

This 2.78 acre commercially zoned combined parcel is a great investment for residential rental income or future business development. Located on Ocean Hwy this property is within view of Brunswick Medical Center, close to Brunswick Community College and other growing business areas. Located between Wilmington and Myrtle Beach Area, provides multiple development possibilities. Currently there are two single family style structures that produce rental income. The zoning of this parcel opens up the possibility to a number of business related uses.

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Taxing Authority: Brunswick County
Tax ID/APN: 16800081
Zoning: CO-CLD
Property Located Between: Ocean Hwy and Route 211
Highway Access: RT 17 and Rt 211
Airports: ILM
Site Description: Land parcel located close to hwy, slopes upward, treed and has some wet lands at the entrance to proprerty.
Area Description: Zoned Commercial Low Density. Developing business area near main highway.
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 1
Year Built: 1964
Year Renovated: 1980
Construction/Siding: Concrete
Exterior Description: Masonry concrete blocks
Parking Type: Surface
Parking Description: Large parking area for each house
Laundry: In Each Unit
Sprinklers: None
Heat Type: Propane
Heat Source: Central
Fuel: Propane
Air Conditioning: Package Unit
Interior Description: Two single family style structures
Zoning Description: This District is intended primarily to be used in outlying areas, adjacent to major thoroughfares, with yards and other provisions for reducing conflicts with adjacent residential uses, and with substantial setbacks to reduce marginal friction on adjacent major thoroughfares. Commercial uses in this District will serve the needs of residential neighborhoods for auto-dependent commercial facilities; and serve the needs of highway oriented tourist business.
Lot Frontage: 123
Lot Depth: 850
Water Service: Well
Sewer Type: Septic
Easements: Electric Lines
Land Ownership: Tiffany R Fountain and Donald M Fountain
Legal Description: 2.54 Acres off US 17 and .249 AC US 17

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,707 9,275
Median Age: 51.41 46.14
Households: 1,115 3,738

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