1500 Live Oak StBeaufort, NC 28516

Property Details for 1500 Live Oak St

Lot size

7.15 AC

Property size (Sq ft)

53,040 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a 53,040 square foot, 100% occupied retail center situated on 7.15 acres in Beaufort, North Carolina. The property comprises two buildings and five parcels, featuring a strong tenant mix of national and credit tenants including Dollar Tree, McDonald's, AutoZone, Piggly Wiggly, and Jersey Mike's Subs. The center is anchored by a Piggly Wiggly grocery store, operating at this location for 45 years, with a recent anchor renewal. McDonald's, a key tenant, consistently ranks among the top 20 quick-service restaurants within a 50-mile radius. The property boasts a complete roof replacement completed in 2020, backed by a 20-year warranty. A significant value-add opportunity exists with a vacant 2.20-acre parcel, offering flexibility for future development. The B-1 commercial zoning allows for a wide variety of uses. The asking price for this exceptional retail center is $6,037,213. This property offers a compelling combination of strong occupancy, established tenants, and significant upside potential. The location at 1500 Live Oak St, Beaufort, NC 28516, provides excellent visibility and accessibility.

Location Insight

City

Beaufort

County

Carteret

State

North Carolina

Latitude

34.7243

Longitude

-76.6459

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