4 Ac Commercial Outparcel Hwy 17 OIB

Vacant Land for Sale
Catylist Listing ID: 30747717
Property Subtypes: Hospitality, Office, Retail
Gross Land Area: 1.50 - 3.95 Acres
Sale Price: $695,000
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/18/2021

Overview / Comments

Approximately 4 acres of commercially zoned land at the entrance to a new homes subdivision under permitting & construction near the intersection of Highway 17 & 904 in Ocean Isle Beach, NC. 564 feet of frontage along Highway 17 across from Ocean Ridge Plantation and the award winning Big Cats Golf Courses. On the SW side of Highway 17 heading to Calabash & N Myrtle, just before the Highway 904 intersection taking you to Sunset Beach, NC - the highest net worth zip code in the Greater Wilmington Region. Approximately 9 miles from Shallotte and 7 miles from the state line, headed to Myrtle Beach, SC.
Sale is for Parcel 21100007, approximately 1.5 acres, and 21100008, approximately 2.5 acres. Parcels may be sold separately or combined for a total of ~4 acres.
Previously farmland, there are zero wetlands on the property. House on property conveys at no value. Billboard does not convey.

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Taxing Authority: Brunswick County
Tax ID/APN: 21100007 & 21100008
Zoning: CLD
Property Located Between: Ocean Isle Beach & Hwy 904 to Sunset Beach
Property Visibility: Excellent
Legal Description: 1.70AC OBA K MINTZ US 17 & 2.5 AC US 17 PLAT 20/441
Largest Nearby Street: Highway 17 & Highway 904
Feet of Frontage: 564
Airports: Ocean Isle Beach General Aviation - 7 miles; Myrtle Beach, SC -35 miles
Site Description: Flat, mostly cleared site. Previously farmland. Now commercial outparcels to a new 66 single family home under development - The Courtyards by Carrell and Epcon Properties.
Area Description: Brunswick County has experienced explosive growth over past 15 years, with residential growth coming in at the highest it’s been since the housing market crash 2007. Brunswick County surpassed $1B in home sales in the first half of 2021, surpassing the previous highest mark of August 2020 two months early. Much of the rapid population growth has been in the South Brunswick Islands, which consists of Calabash, Carolina Shores, Sunset Beach, Ocean Isle Beach, Shallotte and Holden Beach. The outstanding and affordable quality of place has long been a draw for tourists, from the major metro areas within North Carolina as well as states to our north. Many of these tourists become second homeowners and eventually relocate to the area as retirees as evidenced by the percentage growth rate in ages 60 and over which eclipses the growth rate in all other age categories. Ample land and still-reasonable construction costs fuel growth in the region’s diverse housing stock, which offers residential options tailored to fit any preference and budget. Several new homes communities that sat dormant for the past 10 years are now under new ownership with construction underway. Brunswick County reported Year-Round Population Growth of 61.6% over the last 15 years and is part of the second fastest-growing MSA in the United States Calabash was ranked #2 of the Wilmington Region’s Wealthiest Zip Codes by Average Net Worth in 2018 and 2019, with adjacent Sunset Beach #1 Sunset Beach is ranked number 4 on National Geographic’s “21 Best Beaches in the World” Thistle Golf Club in Sunset Beach has been named one of the top courses in the U.S. by GolfAdvisor.com, ranking #14 in the country based on more than 100,000 reviews posted by golfers in 2016
Lot Frontage: 564 feet on Highway 17
Lot Depth: 228 - 317 feet
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.
Part of Planned Development?: Yes
Development Name: The Courtyards by Carrell and Epcon Properties
Topography: Level
Easements Description: Previous owner has an easement to maintain the billboard
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,880 21,187
Median Age: 50.91 54.27
Households: 2,177 9,836
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