Signalized Intersection - Commercial Land for Sale

Vacant Land for Sale
Catylist Listing ID: 30760781
Property Subtypes: Hospitality, Multi-Family, Residential (Single Family), Retail, Self Storage
Gross Land Area: 1.43 - 5.50 Acres
Sale Price: $357,500 - 1,200,000
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/13/2021

Overview / Comments

5.5 total acres at the heavily traveled intersection of Highway 179 (OId Georgetown Rd) and Highway 904 in Sunset Beach, NC. Highway 179 is the express route from Shallotte to and through Calabash to Highway 17 at Little River, SC. Highway 904 is the route from Highway 17 into Sunset Beach. Excellent accessibility and visibility to locals and visitors in a location that is exploding with growth.

1.43 acres zoned CLD in Brunswick County jurisdiction with frontage on both Highway 179 & 904

1.97 acres zoned R-7500 in Brunswick County jurisdiction

2.10 acres zoned Sunset Beach MR-3
Across Highway 179 from the Sunset Commons Shopping Center this property is ideally situated between Sunset Beach and Ocean Isle Beach, NC with Old Georgetown Highway connectivity from Shallotte to Calabash, NC.

According to an annual study commissioned by Visit North Carolina, domestic visitors spent a record $26.8 billion statewide in 2019, an increase of 6.9% from 2018. Visitor expenditures directly supported more than 236,000 jobs and generated more than $6.6 billion in payroll income across North Carolina.

Brunswick County accounted for nearly $126 million in payroll income and $67 million in state and local tax receipts, a savings of $474 per resident. Brunswick County reported Year-Round Population Growth of 61.6% over the last 15 years and is projected to grow 14% over the next five. Old Georgetown Road serves the communities of Ocean Ridge Plantation, Sea Trail Plantation, The Thistle and more.

Highway 904 offers excellent visibility on the primary corridor from Highway 17 to Sunset Beach, passing existing developments of Ocean Ridge Plantation and Sunset Ridge and new residential developments of Chatham Glen, The Townes by H&H Homes and The Sanctuary by Bill Clark Homes.

Commercial parcel would be ideal for gas station/C-store, small strip center, or other high-visibility commercial use. Could also be used for residential and combined with the other parcel for approximately 5.50 acres of townhomes/apartments.

Neighboring townhome development within Sunset Beach achieved over 10 units/acre and sold out quickly (Bonaventure & 904).

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Tax ID/APN: 2273A154 and 2273A155
Zoning: CLD, R7500 AND MR3
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 47 7,731 17,712
Median Age: 33.12 56.81 54.58
Households: 28 3,708 8,283
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