4 Ac Commercial Outparcel Hwy 17 OIB

7030 Ocean Highway West Ocean Isle Beach, NC 28469

7030 Ocean Highway West, Ocean Isle Beach, NC, 28469
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FOR SALE
Property Type:
Other Land
Amount:
$695,000
Last Verified:
Jul 13, 2023


Description

Two outparcels For Sale at entrance to new Epcon development on Highway 17 across from Ocean Ridge Plantation in Ocean Isle Beach. 564 feet of frontage along Highway 17 with proposed NCDOT improvements allowing direct access from Hwy 17 North & South. On the SW side of Highway 17 heading to Calabash & N Myrtle, just before the Highway 904 intersection taking you to Sunset Beach, NC - the highest net worth zip code in the Greater Wilmington Region. Approximately 9 miles from Shallotte and 7 miles from the state line, headed to Myrtle Beach, SC.

Sale is for Parcel 21100007, approximately 1.5 acres, and 21100008, approximately 2.5 acres. Parcels may be sold separately or combined for a total of ~4 acres. Previously farmland, there are zero wetlands on the property. House on property conveys at no value. Billboard does not convey.

Brunswick County has experienced explosive growth over past 15 years, with residential growth coming in at the highest it’s been since the housing market crash 2007. Brunswick County surpassed $1B in home sales in the first half of 2021, surpassing the previous highest mark of August 2020 two months early. Much of the rapid population growth has been in the South Brunswick Islands, which consists of Calabash, Carolina Shores, Sunset Beach, Ocean Isle Beach, Shallotte and Holden Beach. The outstanding and affordable quality of place has long been a draw for tourists, from the major metro areas within North Carolina as well as states to our north. Many of these tourists become second homeowners and eventually relocate to the area as retirees as evidenced by the percentage growth rate in ages 60 and over which eclipses the growth rate in all other age categories. Ample land and still-reasonable construction costs fuel growth in the region’s diverse housing stock, which offers residential options tailored to fit any preference and budget. Several new homes communities that sat dormant for the past 10 years are now under new ownership with construction underway. Brunswick County reported Year-Round Population Growth of 61.6% over the last 15 years and is part of the second fastest-growing MSA in the United States Calabash was ranked #2 of the Wilmington Region’s Wealthiest Zip Codes by Average Net Worth in 2018 and 2019, with adjacent Sunset Beach #1 Sunset Beach is ranked number 4 on National Geographic’s “21 Best Beaches in the World” Thistle Golf Club in Sunset Beach has been named one of the top courses in the U.S. by GolfAdvisor.com, ranking #14 in the country based on more than 100,000 reviews posted by golfers in 2016.

Lot Size: 3.95 acres


Documents

7030_ocean_hwy_4_ac_oib_opt.pdf
Traffic_County_Map_Jul_2021.pdf
Nearby_Restaurants___Market_Potential.pdf
C_002_Site_Layout_Option_2-1.pdf

Map of 7030 Ocean Highway West, Ocean Isle Beach, NC, 28469

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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.