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Anchored Shopping Center Retail Space
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5167 Hwy 70 W, Morehead City, NC 28557

Retail space within Cypress Bay, alongside national tenants and major shadow anchors.

Property Size5,636 SF
Days on Market515

Property Features for 5167 Hwy 70 W

General Information

Standard status Active
Size 5,636 SF
Property subtype RETAIL
Listing Agency: US Properties Group Inc
Listed By: Cindy Hicks
Source: Moodyscre
Added: Mar 4, 2025 Changed: Jul 31 Last Checked: Jul 31 at 6:44PM

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 US Properties Group Inc

Investment Insights

Based on property information with market context.

This 5,636-square-foot retail space is located within Cypress Bay, a shopping center anchored by national retail tenants. The center’s primary anchors are Belk, Best Buy, and Hobby Lobby, with Walmart, Staples, and Lowe’s serving as shadow anchors.

The property is located at 5167 Hwy 70 W in Morehead City, North Carolina. National retailers in close proximity include Michael’s, West Marine, Dick’s Sporting Goods, Shoe Department, TJ Maxx, Bed Bath & Beyond, Ross, and PetSmart. Morehead City draws year-round residents and tourists visiting the beaches of North Carolina’s eastern seaboard.

Key Highlights

  • 5,636‑square‑foot retail space in Cypress Bay
  • Shopping center anchored by Belk, Best Buy, and Hobby Lobby
  • Walmart, Staples, and Lowe’s serve as shadow anchors

Property Analytics

Current Use

Lilly Pulitzer Clothing & Fashion Store Shore Decor Furniture & Home Goods J R Dunn ... (Bike/Boat/Book/etc) Store B.E Spa Nails Nail Salon Plaza Mexico Bar ... Restaurant

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Grocery & Convenience Store Barber Shop Dental Office Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

483
Businesses Nearby
499k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 27% Shops & Services 22% Superstores 17% Dining 16%
Walmart Superstores
86,548 visits/mo 0.3 miles
Lowe's Home Improvements & Furnishings
37,948 visits/mo 0.3 miles
T.J. Maxx Apparel
37,797 visits/mo 0.2 miles
Belk Apparel
33,791 visits/mo 0.1 miles
Hobby Lobby Shops & Services
30,000 visits/mo 0.2 miles

Demographics for 28557, NC

14,910
Population
9,168
Households
1.6
Avg Household Size
50
Median Age
40%
College-Educated
93%
High-School Grad
14.2 sq mi
ZIP Area
1,050
Density / Sq Mi
$67,753
Median Household Income
$38,534
Median Earnings
$1,143
Median Rent
$331,800
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space within Cypress Bay, alongside national tenants and major shadow anchors.
Where is this retail space located?
The property is located at 5167 Hwy 70 W Morehead City, NC.
What are key features of this property?
This property features: 5,636‑square‑foot retail space in Cypress Bay; Shopping center anchored by Belk, Best Buy, and Hobby Lobby; Walmart, Staples, and Lowe’s serve as shadow anchors
(803) 407-4555 Call to check price and availability
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