149 Holden Beach RdShallotte, NC 28470

Property Details for 149 Holden Beach Rd

Year built

1979

Lot size

0.30 AC

Property size (Sq ft)

1,480 SF

Zone code

HB

Property type

Retail properties

Property subtype

Auto shops

APN

182OB006

APU

182OB006

Description

This exceptional 3,277-square-foot warehouse, situated at 149 Holden Beach Rd SW in Shallotte, NC 28470, presents a compelling investment opportunity. Built in 1979 and extensively renovated in 2022, this single-tenant industrial property boasts a desirable location directly facing The Home Depot shopping center, ensuring high visibility and ample parking. The building features four roll-up doors, ideal for efficient loading and unloading, and offers approximately 2,200 square feet of warehouse and storage space. The remaining square footage comprises a well-appointed office area, including two bathrooms, a private office, and a spacious lobby. The property sits on a 0.3-acre lot and is zoned HB. The roof was replaced in 2021, adding to the building's overall excellent condition. This NNN lease property is offered at $775,000, translating to $236.50 per square foot. Its strategic location and recent upgrades make this warehouse an attractive investment for a variety of businesses seeking a high-traffic, easily accessible location in the heart of Shallotte. The property's strong features, combined with its prime location, offer significant potential for return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $527,352

  6.5%

  $486,787

  7%

  $452,016

• Comparable approach

  Method

  Valuation

  Relative Method

  $987,305

  Geo Method

  $856,092

• Alternative Use

  Use

  Valuation

  Residential

  $410,623

  Hospitality

  $376,128

  Educational

  $312,934

  Medical

  $323,697

  Retail

  $486,787

Location Insight

City

Shallotte

County

Brunswick

State

North Carolina

Latitude

33.9803

Longitude

-78.3703

CBSA code

34820

CBSA name

MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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