Property profile

4624 Devane Rd Shallotte, NC 28470

OFF-MARKET
Mixed-use properties
Property ID
US53-1880982
2,324 SF 1.14 ac lot Built 1955
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Property summary

AI-generated overview

This exceptional investment property in Shallotte, North Carolina, presents a rare redevelopment opportunity. Located at 4624 Devane Rd SW, this 1.14-acre lot boasts two buildings, totaling 2,324 square feet, and features two units. Built in 1955 with renovations completed in 2020, the property offers significant potential for expansion or repurposing. The permitted zoning is R, allowing for residential development. The property includes various outbuildings and a swim spa, adding to its unique appeal. The gated setting provides privacy and security. Enjoy unobstructed views of the Intracoastal Waterway, a highly desirable feature. The property's address is 244EB017 (APN). This mixed-use, multifamily property is currently configured as two separate homes, but its size and zoning suggest potential for increased density. The asking price is $945,000. This is a prime opportunity for investors seeking a unique property with significant upside potential in a desirable location. The property's location in Brunswick County, North Carolina, offers easy access to local amenities and attractions. This is a truly unique opportunity to acquire a property with both immediate income potential and significant long-term growth prospects.

Property profile

Verified
Property type Mixed-use properties
Year built 1955
Total area 2,324 SF
Lot 1.14 ac (49,658 SF)
UPID US53-1880982

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4624 Devane Rd Shallotte, NC 28470
Shallotte metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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