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Property profile & analytics
FOR SALE
Auto shops

2556 Ocean Hwy West Shallotte, NC 28470

1,536 SF 0.8 ac lot Built 1986
Individually Owned 4-yr Hold Free & Clear
Property ID
US53-1726572
Property summary
AI-generated overview

This exceptional 1.36-acre commercial property, located at 2556 Ocean Highway West in Shallotte, North Carolina, presents a unique investment opportunity. The property boasts a prime location on a high-traffic section of Highway 17, seeing over 35,000 vehicles daily, and benefits from a newly improved U-turn providing easy access. The site includes a well-maintained 2,304 square foot, two-bay block building with a second-story loft, previously used as an automotive electrical services business. Additionally, there's a 1,865 square foot mobile home in excellent condition, featuring a Florida room, which could serve as office space or be removed. A separate garage is also on the site. The property offers significant frontage on Highway 17 (nearly 500 feet) and Royal Oak Road (nearly 200 feet), with three convenient access driveways. Zoned COMM, this property enjoys the benefits of county zoning with easy access to Shallotte. Situated just over half a mile north of the Highway 17/Main Street intersection, the property is served by county water and a septic system, with a county sewer force main running along Highway 17. Note that a billboard on the property is owned by The Sign Shoppe. This property is being offered at $850,000, with a price per square foot of $368.92. The property consists of three buildings, all single-story, built in 1996, and features a total of 2,304 square feet on the 1.36-acre lot (APN: 1820009809). This is a rare chance to acquire an established commercial property in a thriving location.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1986
Total area 1,536 SF
Lot 0.8 ac (34,848 SF)
Zoning code CLD
APN 1820009809
UPID US53-1726572
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
James E Lewis · 4 yrs held
James E Lewis
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
CLD · Shallotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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