Mixed-Use Plaza with Retail and
5211 Main St Shallotte, NC 28470
For Sale
Contact for pricing
Mixed-use property with six commercial suites and eight residential units, fronting Main Street and Sellers Road.
Property Size11,172 SF
Lot Size2.34 Acres
Price / SF$250.63
Days on Market42
Property Features for 5211 Main St
General Information
Standard status
Active
Size
11,172 SF
Lot size
2.34 Acres
Property subtype
RETAIL
Listing Agency:
Sun Coast Partners Commercial
(704) 661-4077
Listed By:
Mason Watkins
(704) 661-4077
Source:
Moodyscre
Added: Jun 18
Changed: Jul 26
Last Checked: Jul 28 at 2:52PM
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
Investment Insights
Based on property information with market context.
Aloha Plaza is a mixed-use investment property featuring six commercial suites and eight residential units. The commercial space is currently occupied by multiple operating tenants, with most commercial units operating on month-to-month leases (the barber shop unit is the exception). Residential units include both leased and vacant units, and all residential leases are month-to-month.
The property is positioned with frontage on both Main Street and Sellers Road, providing dual ingress/egress access. In addition to the existing improvements, the site includes excess land that may support additional development, subject to applicable zoning and municipal approvals.
Commercial tenants include El Coquis Restaurant, Prince Picasso Barber Shop, Cut Hut Hair Salon, Miracle Ear, Immortal Ink Tattoo Shop, and Unleashed Dog Groomer. Residential unit mix includes several 1BR/1BA and 2BR/1BA layouts, along with a 3BR/1.5BA unit; one 3BR unit is vacant, one 2BR unit is vacant, and the remaining listed units are leased.
The property is positioned with frontage on both Main Street and Sellers Road, providing dual ingress/egress access. In addition to the existing improvements, the site includes excess land that may support additional development, subject to applicable zoning and municipal approvals.
Commercial tenants include El Coquis Restaurant, Prince Picasso Barber Shop, Cut Hut Hair Salon, Miracle Ear, Immortal Ink Tattoo Shop, and Unleashed Dog Groomer. Residential unit mix includes several 1BR/1BA and 2BR/1BA layouts, along with a 3BR/1.5BA unit; one 3BR unit is vacant, one 2BR unit is vacant, and the remaining listed units are leased.
Key Highlights
- Mixed‑use property on approx. 2.34 acres with 11,172± rentable SF: six commercial suites and eight residential units
- Frontage on both Main Street and Sellers Road with dual ingress/egress access
- Commercial suites: El Coquis Restaurant, Prince Picasso Barber Shop, Cut Hut Hair Salon, Miracle Ear, Immortal Ink Tattoo Shop, and Unleashed Dog Groomer
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 | $175.6k | $15.72 |
| − Vacancy | −$18.1k | −$1.62 |
| EGI | $157.5k | $14.10 |
| − OpEx | −$47.3k | −$4.23 |
| NOI | $110.3k | $9.87 |
11,172 SF · lease $15.72/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Mixed Use
$134.72M
$117.88M – $157.17M
NOI $9,430,327 @ 7.0% cap · market cap 336.80%
Second Best
Apartment 5plus
$118.55M
$103.73M – $138.31M
NOI $8,298,687 @ 7.0% cap · market cap 296.38%
Theoretical Best
Multifamily LT 5
$136.79M
$119.70M – $159.59M
NOI $9,575,621 @ 7.0% cap · market cap 341.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with six commercial suites and eight residential units, fronting Main Street and Sellers Road.
Where is this mixed-use property located?
The property is located at 5211 Main St Shallotte, NC.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Mixed‑use property on approx. 2.34 acres with 11,172± rentable SF: six commercial suites and eight residential units; Frontage on both Main Street and Sellers Road with dual ingress/egress access; Commercial suites: El Coquis Restaurant, Prince Picasso Barber Shop, Cut Hut Hair Salon, Miracle Ear, Immortal Ink Tattoo Shop, and Unleashed Dog Groomer
