Property profile

503 Canal St Shallotte, NC 28420

OFF-MARKET
Warehouses
210,000 SF 5.53 ac lot Built 1950
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Warehouses
Year built 1950
Total area 210,000 SF
Lot 5.53 ac (240,887 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

503 Canal St Shallotte, NC 28420
Shallotte metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 503 Canal St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message