Highway 17 Retail Investment
917-919 N N Marine Boulevard, Jacksonville, NC 28540
Two retail units for sale with high visibility and access.
Type:Commercial/Industrial
Property size:
4,950 SFLot size:
0.18 AcresPrice / SF:
$120/SF- Added:
- Nov 18, 2024
- Days on Market:
- 560
- Last Refresh:
- May 19 at 9:02 pm
Property Features for 917-919 N N Marine Boulevard
General Information
- Standard status
- Active
- Size
- 4,950 SF
- Lot size
- 0.18 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1950
Listing agent Martin A Aragona License #192973 (910) 389-8478
Listing office Sun Coast Partners Commercial (910) 389-8478
Listing date Nov 18, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Sun Coast Partners Commercial
HighLights
- High‑visibility location on U.S. Highway 17 (Marine Blvd) with 20,000 daily traffic count.
- Proximity to Marine Corps Base Camp Lejeune ensures a steady customer base.
- Two units included, one currently leased providing immediate income.
- Excellent rental history indicates strong investment potential.
- Located in Jacksonville's main commercial corridor, surrounded by retail and service businesses.
- Easy access to residential neighborhoods and surrounding areas.
Overview
Two retail units are available for sale on Highway 17 in Jacksonville, North Carolina. The property benefits from high visibility and easy access, with daily traffic counts reaching 20,000. One unit is currently leased to a tattoo shop, while the other is recently vacant. The property has a history of successful rentals. Situated on U.S. Highway 17 (Marine Blvd), a major thoroughfare connecting Jacksonville to surrounding areas, the location serves as a hub for local and through traffic. Its proximity to Marine Corps Base Camp Lejeune provides a steady influx of military personnel and their families, which supports local business activity. The property is located within Jacksonville's main commercial corridor, surrounded by retail stores, restaurants, and service-oriented businesses. It also offers convenient access to nearby residential neighborhoods, benefiting both customers and employees. The location's high visibility from the busy roadway enhances its appeal for various business ventures. Jacksonville's coastal proximity and recent rapid growth add to the location's appeal for businesses seeking to capitalize on a dynamic market. The property size is 4950 square feet.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.3k | $14.40 |
| − Vacancy | −$5.7k | −$1.15 |
| EGI | $65.6k | $13.25 |
| − OpEx | −$19.7k | −$3.97 |
| NOI | $45.9k | $9.27 |
4,950 SF · lease $14.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$655.8K
$573.8K – $765.1K
NOI $45,904 @ 7.0% cap · market cap 7.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$940.9K – $1.25M
NOI $75,272 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Onslow
- State
- North Carolina
- Longitude
- -77.4123
- Latitude
- 34.7636
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Two retail units for sale with high visibility and access.
Where is this retail space located?
The property is located at 917-919 N N Marine Boulevard Jacksonville, NC.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: High‑visibility location on U.S. Highway 17 (Marine Blvd) with 20,000 daily traffic count.; Proximity to Marine Corps Base Camp Lejeune ensures a steady customer base.; Two units included, one currently leased providing immediate income.
