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Property profile & analytics
OFF-MARKET
Lifestyle centers

1688 Howe St Southport, NC 28461

6.95 ac lot
Property ID
US53-0679151
Property summary
AI-generated overview

This exceptional 6.95-acre commercial property, located at the signalized intersection of Highway 211 and Sandy Lane in Southport, North Carolina, presents a unique investment opportunity. The property comprises four parcels, two of which currently house residential rental units. Its prime location directly across from a Walmart and two miles from downtown Southport offers unparalleled visibility and accessibility. With 183 feet of road frontage and a daily traffic volume of 21,000 vehicles, this site is ideal for a variety of commercial uses. A shopping center concept plan is available, and the seller is open to build-to-suit options for the right tenant. The Highway Business zoning allows for flexible development, and water and sewer are readily accessible. The property's strategic location, coupled with the strong occupancy rates of nearby hotels and the planned large single-family development behind the site, makes this a compelling investment. The site's potential is further enhanced by its proximity to major roadways and its convenient access to downtown Southport. The current zoning allows for multiple arrangements, including smaller buildings for businesses seeking high visibility on Howe Street/Highway 211. An upcoming NC DOT project will not affect access to the property. The asking price is $1,900,000.

Property profile
Verified
Property type Lifestyle centers
Lot 6.95 ac (302,742 SF)
UPID US53-0679151
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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