1688 Howe St Southport, NC 28461
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
No recorded transactions found for this property.
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.