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5460 Main St Shallotte, NC 28470

Retail space Google Maps
1,800 SF 2.95 ac lot Built 1964
Individually Owned Absentee Owner Free & Clear
Estimated value (blended)
$260k
Range $234k – $286k (±10%)
Property ID US53-1975990

Property summary

AI-generated overview

This exceptional commercial property, located at 5460 MAIN Street in Shallotte, North Carolina, presents a unique investment opportunity. The expansive 3.03-acre lot offers significant potential for a variety of commercial ventures. The existing building boasts 1,858 square feet of usable space, providing a solid foundation for immediate occupancy or redevelopment. The property's strategic location on Main Street ensures high visibility and accessibility, making it an ideal site for businesses seeking a prominent presence in the thriving Shallotte market. The substantial lot size allows for ample parking, expansion, or the addition of complementary structures. This versatile property is priced competitively at $550,000, representing an attractive return on investment for discerning buyers. Its size and location make it suitable for a wide range of commercial uses, from retail and office spaces to light industrial operations. The existing building's condition and layout offer flexibility for customization to meet specific business needs. Serious inquiries are encouraged to explore the full potential of this exceptional commercial property and its significant development opportunities within the vibrant Shallotte community. The property is ready for its next chapter, offering a blank canvas for a successful business venture. Don't miss this chance to acquire a prime commercial asset in a rapidly growing area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1964
Total area 1,800 SF
Lot 2.95 ac (128,502 SF)
Zoning code HB
APN 19700022
UPID US53-1975990

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

Zoning & alternative use

HB · Shallotte, NC
Zoning description

» HB Highway Business District - This district is established in which the principal use of land is for the retailing of durable goods, provision of commercial services to industrial areas, and the provision of services…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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