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    OFF-MARKET
    Retail properties & Spaces

    9004 Louise Ave, Emerald Isle, NC 28594

    1,380 SF Built 2021
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1,380 square foot storefront, located at 9004 Louise Ave in Emerald Isle, North Carolina, presents a unique investment opportunity. Built in 2021, this single-story retail space is part of the vibrant Village West mixed-use community, situated in the heart of Emerald Isle. Currently configured as a single unit, it offers the flexibility of being easily converted back into two separate units, allowing for diverse business strategies. The property boasts custom designer up-fits, enhancing its appeal and functionality. The space is ideally suited for a variety of retail ventures, complementing existing thriving businesses such as Kostas Pizza, Beachside Emerald Isle, and Velvet Anchor Craft Beer. Its prime location near Western Ocean Regional Beach Access, the Islander Hotel Resort, and Salty Pirate Water Park ensures high foot traffic and visibility. Owners benefit from one assigned parking space in the gated community parking lot and access to a community swimming pool. Annual HOA dues are $3540 per unit for the VW Master HOA and $690 per unit for the VW Condo HOA, with condo building insurance assessed separately. The asking price is $525,000, reflecting a price per square foot of $380.43. This sale excludes signage and inventory; however, the designer up-fits are included. This is a real estate sale only; the existing business is not included.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2021
    Total area 1,380 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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