Anchored Shopping
For Sale
Contact for pricing
5167 Highway 70 W, Morehead City, NC 28557
Belk, Hobby Lobby, and Best Buy anchor this established multi-tenant retail center.
Property SizeContact for details
Days on Market144
Property Features for 5167 Highway 70 W
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Anchor Co-Tenants
Belk, Hobby Lobby, Best Buy
Listing Agency:
Palomar Real Estate Group
Listed By:
Ryan McArdle · License #GA 319111
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 4:05AM
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 Palomar Real Estate Group
Investment Insights
Based on property information with market context.
Cypress Bay Plaza is a shopping center at 5167 Highway 70 W in Morehead City, North Carolina. The property is anchored by Belk, Hobby Lobby, and Best Buy, bringing several established national retail brands together within one center. Belk has recently renewed its tenancy, and Best Buy has completed extensive renovations.
The center maintains substantial interconnectivity with an adjoining Walmart Supercenter and Lowe’s, identified as the area’s only national home-improvement store. Its tenant roster includes a mix of national and regional retailers, with the three named anchors forming the core of the property’s retail offering.
The center maintains substantial interconnectivity with an adjoining Walmart Supercenter and Lowe’s, identified as the area’s only national home-improvement store. Its tenant roster includes a mix of national and regional retailers, with the three named anchors forming the core of the property’s retail offering.
Key Highlights
- Anchored by Belk, Hobby Lobby, and Best Buy
- Recent Belk renewal supports continued anchor occupancy
- Best Buy has completed extensive renovations
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
499k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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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 - Belk, Hobby Lobby, and Best Buy anchor this established multi-tenant retail center.
Where is this shopping center located?
The property is located at 5167 Highway 70 W Morehead City, NC.
What are key features of this property?
This property features: Anchored by Belk, Hobby Lobby, and Best Buy; Recent Belk renewal supports continued anchor occupancy; Best Buy has completed extensive renovations
