5521 Rob Gandy BlvdSouthport, NC 28461

Property Details for 5521 Rob Gandy Blvd

Year built

2023

Construction

WOOD

Property size (Sq ft)

966 SF

Property type

Office properties

Property subtype

Other office properties

APN

221LA01411

APU

221LA01411

Description

This exceptional 0.95-acre commercial lot presents a unique investment opportunity in the desirable Southport, NC market. Located at 5521 ROB GANDY Boulevard Unit A, this property offers significant potential for a variety of commercial ventures. The expansive lot size provides ample space for development, allowing for flexibility in design and construction. Its strategic location within Southport ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in a thriving community. The property's zoning and permitted uses should be independently verified to ensure alignment with any prospective development plans. This is a blank canvas for entrepreneurs and developers looking to establish a new business or expand existing operations. The absence of existing structures allows for complete customization, enabling the creation of a space perfectly tailored to specific needs. Given the limited availability of commercial land in this area, this property represents a rare chance to secure a valuable asset with significant long-term growth potential. Serious inquiries are encouraged to explore the possibilities this exceptional Southport location offers. The asking price is $225,000. Further due diligence is recommended to confirm all aspects of the property's suitability for intended use.

• CAP approach

  CAP return

  Valuation

  6%

  $513,629

  6.5%

  $474,120

  7%

  $440,254

• Comparable approach

  Method

  Valuation

  Relative Method

  $369,843

  Geo Method

  $369,843

• Alternative Use

  Use

  Valuation

  Residential

  $587,908

  Hospitality

  $538,521

  Educational

  $448,043

  Medical

  $463,452

  Retail

  $696,956

Location Insight

City

Southport

County

Brunswick

State

North Carolina

CBSA code

34820

CBSA name

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

Property Tax & Assessments

FAQs

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