Individually Owned 
For Sale
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Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Shallotte market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
CLD · Shallotte, NCZoning
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Zoning designation
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The district profile from the municipal source: what is on file for CLD in Shallotte, NC.
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