204 Smith AveShallotte, NC 28470

  • Healthcare properties
  • 4,992 SF
For Sale
$1,350,000 View listing

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
204 Smith Ave, Shallotte, North Carolina

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$263,500
$830,690
$1,094,190
-
$263,500
$830,690
$1,094,190

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