204 Smith AveShallotte, NC 28470
- Healthcare properties
- 4,992 SF
Property Details for 204 Smith Ave
- Year built
- 2002
- Lot size
- 1.64 AC
- Property size (Sq ft)
- 4,992 SF
- Zone code
- HB
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 1820017403
- APU
- 1820017403
Description
This exceptional 2.71-acre commercial property in Shallotte, NC, is ideally situated on heavily traveled Smith Avenue, boasting excellent visibility across from the expanding Coastal Walk Marketplace. The site includes a 5,100+ square foot existing medical office building, adaptable for various uses or potential demolition. The property features a substantial stormwater pond engineered to support significant additional square footage development. Previously occupied by Novant Health, the building offers a large reception area, nine private offices, ten exam rooms, a lab, and a sizable kitchen. Ample plumbing and drainage make it suitable for medical, dental, salon, or spa uses. The two parcels (APN 1820017402 & 1820017403) were once planned for a six-building campus totaling 12,700+ square feet. The property benefits from its proximity to major retailers like Walmart, Home Depot, Lowe's, and Belk, and is within a rapidly growing area experiencing significant residential development. The Town of Shallotte's recent approval of an 80-unit apartment complex further enhances the property's value and potential. This prime location offers unparalleled opportunity for commercial development in southeastern North Carolina's thriving market. The asking price is $1,350,000. The permitted zoning is HB. Deeds with easements are recorded at Brunswick County Book 2152, page 563 (May 24, 2005) and B2828/P0159 (June 24, 2008).
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,232,535
- 6.5%
- $1,137,725
- 7%
- $1,056,459
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,285,602
- Geo Method
- $1,145,864
-
Alternative Use
- Use
- Valuation
- Residential
- $1,410,778
- Hospitality
- $1,292,266
- Educational
- $1,075,150
- Medical
- $1,112,126
- Retail
- $1,672,455
Location Insight
- City
- Shallotte
- County
- Brunswick
- State
- North Carolina
- Latitude
- 33.9812
- Longitude
- -78.3803
- CBSA code
- 34820
- CBSA name
- MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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