35-50 Junction Way SE-Supply
Multi-Family
for Sale
Also listed as Vacant Land, Retail-Commercial
| Catylist Listing ID: |
30707189 |
| Number of Units: |
2 Units |
| Building Size (RSF): |
3,081 SF |
| Sale Price: |
$325,000 |
| Unit Price: |
$162,500 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: |
2/12/2021 |
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.
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Additional Details
| Nearest MSA: |
Myrtle Beach-Conway-North Myrtle Beach |
| County: |
Brunswick |
| Taxing Authority: |
Brunswick County |
| Tax ID/APN: |
16800081 |
| Zoning: |
CO-CLD |
| Percent Occupied: |
100% |
| 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 |
| Total Parking Spaces: |
10 |
| 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 |
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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