503 Canal St, Shallotte, NC 28420
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.