1501 Howe St Southport, NC 28461
This exceptional commercial property, located at 1501 N Howe Street in the vibrant town of Southport, North Carolina, presents a unique investment opportunity. Boasting a substantial 6,752 square feet of space, this general commercial building sits on a generous 1.37-acre lot, offering ample room for expansion, parking, or outdoor activities. The property's prime location in Southport provides excellent visibility and accessibility, making it ideal for a wide range of commercial ventures. The building's substantial size allows for diverse configurations to suit various business needs, from retail spaces to offices or light industrial uses. The expansive lot provides significant potential for future development or simply offers generous space for current operations. This property is priced competitively at $800,000, representing a strong value proposition in the thriving Southport market. Its size, location, and versatility make it an attractive investment for discerning buyers seeking a significant presence in this desirable coastal community. Serious inquiries are encouraged to explore the full potential of this exceptional commercial property. The property is ready for immediate occupancy and offers a blank canvas for a new business or expansion of an existing one. Don't miss this chance to secure a prominent location in the heart of Southport.
10. HC: Highway Commercial District. A district established for the retailing of durable goods, provision of commercial services to industrial areas, and the provision of services to transients. 11. LI: Light Industrial District. A district established to accommodate commercial warehousing and light industrial uses. 12. HI: Heavy Industrial District. A distr…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
HC · Southport, NC10. HC: Highway Commercial District. A district established for the retailing of durable goods, provision of commercial services to industrial areas, and the provision of services to transients. 11. LI: Light Industrial District. A district established to accommodate commercial warehousing and light industrial uses. 12. HI: Heavy Industrial District. A district designed for commercial, warehousing, and industrial uses. 13. OS: Open Space District. Areas of special public interest that should be placed in a zone protected from any development other than improvements or uses undertaken by the City of Southport. 3.3 OVERLAY DISTRICTS A. ESTABLISHMENT OF OVERLAY DISTRICTS Reserved. 3.4 INTERPRETATION OF DISTRICT REGULATIONS A. Regulations for each district shall be enforced and interpreted according to the following rules: 1. Uses by right. All listed permitted uses are permitted by right according to the terms of this article. 2. Special uses. Special uses are permitted, subject to compliance with the additional regulations specified. 3. Permitted or special use with standards. Uses with additional standards are denoted with an “S.” 4. Unlisted uses. The uses listed may not address all possible uses. In determining if a use is permitted, the UDO Administrator shall consider which category of expressed uses most closely matches the use proposed and apply the regulations pertaining to that category to the proposed use. In determining the use which most closely matches the proposed use, the UDO Administrator shall consider the density and intensity of the use, and anticipated traffic, noise, light, and odor on adjacent properties. Such interpretation shall be provided in writing to the property owner and subject to appeal by the Board of Adjustment. 5. Minimum regulations. Regulations set forth in this article shall be minimum regulations. If the requirements set forth in this article are at variance with the requirements of any other lawfully adopted rules, regulations or ordinances, the more restrictive or higher standard shall govern. 6. Restrictive covenants and deed restrictions. Unless restrictions established by covenants and deed restrictions running with the land are prohibited by the provisions of this article, nothing herein contained shall be construed to render such covenants or restrictions inoperative. City of Southport Unified Development Ordinance (UDO)
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.