4606 Main St Shallotte, NC 28470-4452
This exceptional 0.48-acre retail property, located at 4606 Main St in Shallotte, NC (28470), presents a compelling investment opportunity. The 5,300 square foot storefront, built in 1940 and renovated in 1975, boasts a prime location just south of Smith Ave and Main Street in downtown Shallotte. Benefitting from high visibility and traffic, this site enjoys approximately 21,000 cars passing daily (based on 2022 NCDOT data). The property is shadow anchored by the nearby Harbor Freight and Big Lots Shopping Center, providing significant synergy and drawing power. Three existing structures are situated on the lot, offering flexibility for redevelopment or continued use. Convenient access is provided by two driveways directly onto Main Street. All utilities are available. Zoning information can be found in the Town of Shallotte's Unified Development Ordinance (link available upon request). This property is ideal for entrepreneurs seeking a thriving location to establish a new business or for developers looking to capitalize on its redevelopment potential. The asking price is $1,450,000. The parcel's APN is 19800030.
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Confederate Rose Auctions Trade Show Venue (Bike/Boat/Book/etc) Store
» CB Central Business District - This district is established as a zone in which the use of the land is for commercial and service uses for an urban and rural market area. » CW Commercial Waterfront District - This district is established to preserve an d reserve adequate areas for water-related uses in the Town, while allowing low intensity commercial uses.…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
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
CB · Shallotte, NC» CB Central Business District - This district is established as a zone in which the use of the land is for commercial and service uses for an urban and rural market area. » CW Commercial Waterfront District - This district is established to preserve an d reserve adequate areas for water-related uses in the Town, while allowing low intensity commercial uses. » HI Industrial District - This district is established in which the pri ncipal use of land is for wholesale activities, industrial research, warehouses, and manufacturing operations. » C Conservation - The Conservation District is established in which only partial development of land may occur. The regulations of this district are intended to protect the floodplain and estuarine ar eas and pe rmitted u ses s hall be in conformity w ith t he us es listed in this ordinance, subject to the appropriate State and Federal laws. This district shall apply to those areas above mean high water which may be covered by marsh and are protected by the Coastal Area Management Act and appropriate Federal laws. According to T able 33, 184 parcels, or 62.0%, of the T own’s undeveloped land is zoned f or residential development. It is d ifficult to judge how rapidly these areas will dev elop. Accord ing to t he Brunswick County Building Inspections Department, in the last two years 396 building permits have been issued in Shallotte for an average of 198 per year. The permits were for single-family residences (162 permits issued over two years), commercial developments (217 permits issued over two years), and mobile homes (17 permits issued over two years). The environmental composite map (Map 9) was discussed in the Natural Systems Analysis section of the plan. The map is intended to delineate the Town’s jurisdiction in accordance with environmentally sensitive areas. All land masses were assigned an environmental composite class based on CAMA regulations (see Table 26, page 50). The following table provides a summary of how the undeveloped parcels in Shallotte relate to the classes established on the environmental composite map. If a parcel was located in more than one class as defined in the analysis, the most environmentally sensitive class was assigned to the parcel. TOW N OF SHAL LOTTE 67 CAM A CORE LAN D US E PLAN Table 34 . Town o f Shallotte Undeveloped Land in R elation to the Environmental C omposite Analysis (C lasses I - III) Envi ronm ental Com pos ite Acreage % of Tota l Class I 1,550 .0 54. 3% Class II 511 .9 17. 9% Class III 792 .0 27.
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.