Surf City Retail Condo for Sale - High Traffic Location

Retail-Commercial for Sale
Also listed as Shopping Center
Catylist Listing ID: 30581126
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Condo? Yes
Building Size (RSF): 2,198 SF
Gross Building Area: 9,270 SF
Gross Land Area: 1.25 Acres
Sale Price: $425,000
Ceiling: 12 ft.
Property Use Type: Investment, Vacant/Owner-User
Building Name: Heritage Square
Usable Size (USF): 2,198 SF
Core Factor: 24%
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/10/2020

Overview / Comments

2198 Square Foot End Cap Unit for Sale on in-bound lane side of NC Highway 50 / 210 in between NC 50 / NC 210 Intersection & New Surf City High Rise Bridge. Ideal location for any Retail, Restaurant, Bar / Pub, Fitness Center, etc... Center is anchored by the popular Quartermasters Restaurant & Tavern and is also home to an H&R Block as well as Scissors Salon.

Unit C was the longtime location of Seaside Office Supplies before the owners retired earlier this year. (*Unit is identified as Unit A on Retail Center Signage but is identified at Unit C by Pender County in regards to Legal Description)

Town of Surf City C-3 (Extended Commercial) Zoning allows for a wide variety of uses and is Surf City's most flexible Commercial Zoning.

Additional Details

Nearest MSA: Jacksonville
County: Pender
Taxing Authority: Pender County; Town of Surf City
Tax ID/APN: 4235-36-8301-000C
Is Condo?: Yes
Zoning: C-3 (EXTENDED COMMERCIAL) TOWN OF SURF CITY
Retail Clientele: General, Family, Tourist, Other
Property Located Between: NC Highway 50 / NC Highway 210 Intersection & New Surf City High Rise Bridge
Property Visibility: Excellent
Largest Nearby Street: NC Highway 50
Traffic/Vehicle Count: 20,000
Highway Access: Left onto NC Highway 50 and then either a) straight 3.7 miles and then Right onto US Highway 17 North (Jacksonville) or b) 0.4 miles to a Left at NC Highway 210 and 2.9 miles to another Left at US Highway 17 South (Hampstead / Wilmington).
Airports: ILM - 29.1 Miles via US Hwy 17, Sidbury and Blue Clay Roads; Albert J. Ellis (Jacksonville) - 33.7 Miles
Site Description: 2198 Square Foot End Cap Unit in Multi-Tenanted Retail Center on High Traffic Corridor of NC Highway 50 in Surf City.
Area Description: Surf City is centered in the geographical middle of Topsail Island and has a rapidly growing Commercial District just across its New High Rise Bridge on the mainland... approximately halfway in between Wilmington and Jacksonville. There are several new Residential Developments either already underway or in the planning stages, and the highly desirable, state of the art Surf City Elementary and Surf City Middle are Pender County's newest schools. The year-round growth in residences continues and that in turn demands more available Retail options to satisfy the area's growing needs.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 9,270 SF
Property Condition: Excellent
Year Built: 2007
Roof Type: Flat
Construction/Siding: Brick/Vinyl Siding
Total Parking Spaces: 47
Parking Type: Surface
Parking Description: Ample Parking shared with other Tenants of the Center.
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Large 20' x 60' Open Retail area with an additional 15' x 60' Side with areas that can either remain sectioned off or could easily be opened up from front to back. Entrance area finishes off the remainder of the square footage.
Zoning Description: C-3 (Extended Commercial) Town of Surf City. Surf City's most flexible Commercial Zoning designation. Please refer to Town of Surf City Table of Uses.
Lot Frontage: 195'
Lot Depth: Avg. 230'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: UNIT C PB 50/7 HERITAGE SQUARE CONDO SEASIDE OFFICE SUPPLIES

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,106 3,200 8,072
Median Age: 43.18 43.68 43.01
Households: 919 1,438 3,273
© 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.