2.7+/- Ac Smith Avenue Shallotte

204 Smith Ave Shallotte, NC 28470

204 Smith Ave, Shallotte, NC, 28470
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FOR SALE
Property Type:
Commercial Land Development
Amount:
$1,350,000
Last Verified:
Mar 04, 2024


Description

2.7+/- Acres on the Heavily Traveled Corridor of Smith Avenue in Shallotte, NC. 5,100+/- sf Medical Office Building on site could be used or razed. Stormwater pond on site can accommodate additional square footage. Located across from the newly-expanded Coastal Walk Marketplace and near the Smith Avenue/Main Street intersection in Shallotte, this premium location offers excellent visibility in the commercial hub of southeastern NC.

Previously occupied by Novant, this building offers a large reception area, nine private offices, ten exam rooms, a lab and large kitchen facility. The raised ceiling in the lobby area brings in lots of natural light to the common areas of the building. With ample plumbing and drainage, this building would be an ideal medical or dental facility, salon or spa.

The two parcels offered for sale (1820017402 & 1820017403 under same ownership) equal 2.71+/- acres and at one time was planned for a small campus of six buildings equaling 12,700+/- sf. The stormwater pond on site is engineered to accommodate 20,000+ sf. All HVAC units, air handlers, duct work and separate Mitsubishi units for the offices were installed and completed in 2018 and are on maintenance contracts.

Property is Broker Owned. The deeds with easements are recorded at Brunswick county Book 2152, page 563 May 24th 2005 Original.

B2828 / P0159 is deed for Right of way, DOT June 24th 2008.

Across from the newly constructed and already expanding Coastal Walk Marketplace, home to Hobby Lobby, Ulta, Ross, Burkes, Marshalls, Starbucks and more. The Town of Shallotte recently approved the construction of a 3-building, 80-unit apartment complex behind the center. Join nearby retailers including Walmart, Home Depot, Lowes, Belk, Big Lots, Harbor Freight and more in one of the fastest growing vacation and retirement regions in the US.

Residential development in Brunswick County is experiencing explosive growth, with the county planning department seeing a 572% increase in residential unit approvals among major subdivisions and planned developments between fiscal years 2020 and 2021, not including recently approved 2,132 acres for higher density zoning south of Highway 17 in Calabash. The Brunswick Pines project, one of biggest planned developments in Shallotte history, proposes building 570 housing units on 311 acres just north of Bricklanding Road and Hale Swamp Road in Shallotte. It's the second largest of nearly two dozen residential and commercial developments that are expected to double the town's population in the next few years.


Year Built: 2002
Building Size: 5100sq ft
Lot Size: 2.71 acres

Map of 204 Smith Ave, Shallotte, NC, 28470

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.