204 Smith AveShallotte, NC 28470

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

Medical offices

Property subtype

Medical centers

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).

• 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 Income

  $1,410,778

  Hospitality / Lodging

  $1,292,266

  Institutional / Educational

  $1,075,150

  Healthcare / Senior Housing

  $1,112,126

  Retail / Commercial

  $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

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