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

Retail space available within Cypress Bay, anchored by Belk, Best Buy, and Hobby Lobby.

Property Size8,000 SF
Days on Market353

Property Features for 5167 Hwy 70 W

General Information

Standard status Active
Size 8,000 SF
Property subtype RETAIL

Building Details

Tenancy Multi
Listing Agency: US Properties Group Inc
Listed By: Cindy Hicks
Source: Moodyscre
Added: Aug 13, 2025 Changed: Jul 26 Last Checked: Jul 30 at 9:06AM

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 is a retail space available for lease within Cypress Bay, a highly visible, well-anchored shopping center. The center is anchored by Belk, Best Buy, and Hobby Lobby.

Cypress Bay also includes shadow anchors Walmart, Staples, and Lowe’s. Other nearby national tenants listed include Michael’s, West Marine, Dick’s Sporting Goods, Shoe Department, TJ Maxx, Bed Bath & Beyond, Ross, and PetSmart.

The property is located at 5167 Hwy 70 W in Morehead City, North Carolina.

Key Highlights

  • Retail space available within Cypress Bay shopping center
  • Anchored by Belk, Best Buy, and Hobby Lobby
  • Additional shadow anchors include Walmart, Staples, and Lowe’s

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

483
Businesses Nearby
499k
Monthly Visits Nearby
Balanced
Demand for This Use

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
Rey
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Similar Off Market Nearby

  • Cypress Bay Plaza — 5167 Hwy 70 W, Morehead City, NC 28557

Frequently Asked Questions

What type of property is this?
Shopping center - Retail space available within Cypress Bay, anchored by Belk, Best Buy, and Hobby Lobby.
Where is this shopping center located?
The property is located at 5167 Hwy 70 W Morehead City, NC.
What are key features of this property?
This property features: Retail space available within Cypress Bay shopping center; Anchored by Belk, Best Buy, and Hobby Lobby; Additional shadow anchors include Walmart, Staples, and Lowe’s
(803) 407-4555 Call to check price and availability
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