Smith Ave Shallotte, NC 28470

This 32.18-acre commercial site is located in Shallotte, Brunswick County, North Carolina, with access to US Highway 17 and NC Highway 130. The acreage presents an opportunity for a developer to provide housing in Downtown Shallotte. Water, sewer, cable, and phone lines run along Smith Avenue, with connections requiring coordination with the Town of Shallotte and Brunswick County. Since the Highway 17 Bypass was developed, the Downtown area of Shallotte has prospered. The road network allows residents to reach Wilmington, Myrtle Beach, Holden Beach, or Whiteville in under one hour. Brunswick County is experiencing rapid growth. Shallotte is less than a 20-minute drive from Holden Beach, Ocean Isle Beach, and Sunset Beach. The zoning is HB (17.28 AC) and B2 (14.9 AC). Under the current zoning, a special use permit is needed to build four units per acre in HB and two units per acre in B2. To achieve the property’s highest and best use, a potential buyer should submit for a rezoning to Multifamily (MF-14), which permits 14 units per acre with a special use permit, potentially allowing 448 units. Initial feedback from the town staff has been positive regarding a rezoning. Shallotte is known as the “Central Business Hub” for Brunswick County, with many national retailers choosing Shallotte for their location due to access, population growth, and central location in Brunswick County. Main St. traffic count is 13,500 cpd, and Smith Ave. traffic count is 10,500 cpd. The Shallotte population is 4059 residents. The mean travel time to work is 24 minutes. It is a 15-minute drive to Supply Elementary, and Shallotte Middle and West Brunswick High School are within a 5-mile radius. Shallotte is 45 miles from the Myrtle Beach International Airport and 37 miles from the Wilmington International Airport. The subject property is less than a mile away from Highway 17 Bypass and 2 miles away from NC highway 130.