5460 Main StShallotte, NC 28470

Property Details for 5460 Main St

Year built

1964

Lot size

2.95 AC

Property size (Sq ft)

1,800 SF

Zone code

HB

Property type

Retail properties

Property subtype

Retail space

APN

19700022

APU

19700022

Description

This exceptional commercial property, located at 5460 MAIN Street in Shallotte, North Carolina, presents a unique investment opportunity. The expansive 3.03-acre lot offers significant potential for a variety of commercial ventures. The existing building boasts 1,858 square feet of usable space, providing a solid foundation for immediate occupancy or redevelopment. The property's strategic location on Main Street ensures high visibility and accessibility, making it an ideal site for businesses seeking a prominent presence in the thriving Shallotte market. The substantial lot size allows for ample parking, expansion, or the addition of complementary structures. This versatile property is priced competitively at $550,000, representing an attractive return on investment for discerning buyers. Its size and location make it suitable for a wide range of commercial uses, from retail and office spaces to light industrial operations. The existing building's condition and layout offer flexibility for customization to meet specific business needs. Serious inquiries are encouraged to explore the full potential of this exceptional commercial property and its significant development opportunities within the vibrant Shallotte community. The property is ready for its next chapter, offering a blank canvas for a successful business venture. Don't miss this chance to acquire a prime commercial asset in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $641,374

  6.5%

  $592,038

  7%

  $549,750

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,200,777

  Geo Method

  $1,041,193

• Alternative Use

  Use

  Valuation

  Residential

  $499,406

  Hospitality

  $457,453

  Educational

  $380,596

  Medical

  $393,685

  Retail

  $592,038

Location Insight

City

Shallotte

County

Brunswick

State

North Carolina

Latitude

33.9617

Longitude

-78.4072

CBSA code

34820

CBSA name

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

Property Tax & Assessments

FAQs

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