503 Canal St Shallotte, NC 28420

Property Details for 503 Canal St

Year built

1950

Lot size

5.53 lot acres

Property size

210,000 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional industrial portfolio in Columbus County, North Carolina, presents a significant investment opportunity. Comprising two warehouse buildings totaling over 210,000 square feet, this property offers versatile space ideal for various industrial, warehousing, and distribution uses. The larger warehouse, situated at 503 S Canal Street, boasts over 142,000 square feet, while the second building at 211 S Canal Street adds another 68,000+ square feet. Potential uses include agricultural storage, grain handling, equipment storage, sorting, assembly, and distribution. The property sits on 5.53 acres and benefits from its location within an Opportunity Zone and Foreign Trade Zone #214. A significant advantage is the availability of a 2.8-acre cleared lay-down yard directly across the street from 503 S Canal St, perfect for use as a truck court and weighing station, further enhanced by a 72-foot electronic truck scale accommodating 18-wheelers. The property's strategic location offers convenient access to key transportation infrastructure, including proximity to the NC Port of Wilmington (48 miles), ILM International Airport (48 miles), and I-95 (33 miles). North Carolina's status as a right-to-work state, coupled with available state and county incentives and financing options, adds to the investment appeal. This portfolio represents a compelling opportunity to acquire substantial industrial space in a strategically advantageous location with significant growth potential. The property was built in 1950. The asking price is $2,500,000.

Location Insight

City

Shallotte

County

Columbus

State

North Carolina

Longitude

-78.4525

Latitude

34.0735