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    OFF-MARKET
    Commercial real estate

    6278 Culpepper Rd, Ocean Isle Beach, NC 28469

    2.5 ac lot
    Individually Owned 9-yr Hold
    Property ID
    US53-3123221
    Property summary
    AI-generated overview

    This exceptional 2.5-acre commercial land parcel presents a rare development opportunity in Ocean Isle Beach, North Carolina. Located at 6278 Culpepper Road SW, this property boasts a prime location within the thriving Beach Area Business District. The lot is zoned OI-C-2M, allowing for a diverse range of commercial uses. Permitted uses include retail establishments offering low-bulk commodities such as groceries, drugs, apparel, variety and convenience goods, and gifts. The zoning also permits offices, service stations, amusement facilities, restaurants, marinas, fishing piers, churches, and public parks operated by local government, as well as uses allowed under R-1, R-2, and C-1 zoning classifications. The property's substantial size (2.5 acres) is a significant advantage in this highly desirable area, where large, undeveloped parcels are scarce. With its strategic location and flexible zoning, this property offers exceptional potential for a variety of commercial ventures. The asking price is $1,525,000, and the APN is 243LE011. This is a unique chance to acquire a significant commercial holding in a rapidly growing coastal community. Don't miss this opportunity to secure a prime piece of Ocean Isle Beach real estate.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 2.5 ac (108,900 SF)
    APN 243LE011
    UPID US53-3123221
    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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    Blend (final) Blend
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    Owner & transaction history
    Sidney E Jones II · 9 yrs held
    Sidney E Jones II
    since 2017
    1 recorded transaction
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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