Property profile

708 Howe St Southport, NC 28461

OFF-MARKET
Retail space
Property ID
US53-5738515
2,380 SF Built 1998
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 708 N Howe Street in the vibrant town of Southport, North Carolina, presents a unique investment opportunity. Boasting a generous 2,380 square feet of space, this building sits on a conveniently sized 0.14-acre lot, offering ample room for expansion or outdoor use. The property's "Other" classification allows for a wide range of potential uses, making it an ideal choice for entrepreneurs and investors seeking a versatile commercial space. Its prime Southport location ensures high visibility and accessibility, placing it within easy reach of local businesses, residents, and tourists. The asking price of $695,000 reflects the property's significant potential and strong location. This is a rare chance to acquire a well-situated commercial building in a thriving coastal community. The property's size and location make it suitable for a variety of commercial ventures, from retail spaces to offices, and even potentially light industrial uses (subject to local zoning regulations). Serious inquiries are encouraged to explore the possibilities this property offers. Further details regarding zoning and permitted uses are readily available upon request. Don't miss this chance to secure a valuable asset in the desirable Southport market.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1998
Total area 2,380 SF
Zoning code BD
APN 237ED01801
UPID US53-5738515

Cap rate & NOI

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

Location

708 Howe St Southport, NC 28461-3460
Southport metro Census 20306 MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$215k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$195k

Owner & transaction history

since 2023
Last sale
$210,000
5 recorded transactions
2023
Price N/A
2012
$210,000
2005
$756,000
2004
$375,000
1969
Price N/A

Zoning & alternative use

BD · Southport, NC
Zoning description

Change of Use or Redevelopment in the BD District A change of use or redevelopment whereby the floor area of the building or parcel is not expanded by greater than 25%. No parking required. Change of use or redevelopment…

General category COMMERCIAL

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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