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    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
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    by Request
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    Owner & transaction history
    James E Lewis · 4 yrs held
    James E Lewis
    since 2021
    1 recorded transaction
    2021
    Zoning & alternative use
    CLD · Shallotte, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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