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1 Causeway Drive, Ocean Isle Beach, NC 28469

$1,750,000
Property Type: Comm Sale or Lease Square Footage: 4,000 Lot Size (sq. ft.): 10,672 Status: Closed
Current Price: $1,750,000 List Date: 7/07/2022 Last Modified: 11/30/2022

Overview

Description

Location, Location, Location. Own the most visible and desirable commercial location on the island of Ocean Isle Beach, N.C. Located on the corner of West Second Street and Causeway Drive directly across from the Ocean Isle Beach town park. This 4000 sq.ft. building is zoned commercial C-2 and is a very rare offering. Ocean Isle Beach has very limited commercial zoning and properties rarely come on the market. This property is in an excellent high traffic area perfect for retail/ food service/ cafe / office/ mixed use or other C2 uses. Ground floor offers a huge lobby with a vaulted ceiling and a wall of windows facing the ocean. There are 6 entrances on the ground floor for excellent commercial use with 3 half baths. The top floor offers expansive ocean views and features a large conference / event room, lobby, multiple offices, and 2 half baths. So many possibilities for this premier location on the island 300 feet from the ocean. The visibility and walk-in traffic are outstanding with excellent and easy pedestrian access on the corner of Second Street and the Causeway. This property has been family owned for over 40 years and is a landmark location. Over the years, since Ocean Isle Beach was first developed, the town has built up around this property. Directly across the street is the Museum of Coastal Carolina as well as the town park with all the daily events, summer concerts and activities. Behind the property is the town's community hall with the weekly farmer's market and seasonal events. Outstanding income potential and usage makes this one of the best investments in the area. This property is agent owned. Buyer to verify any property zoning, property size, parking, usage, building square footage, replacement restrictions, and any due diligence.

Listing Details MLS# 100337696

Contract Info

Marketing Start Date
2022-07-07
Auction
No
Listing Price
2495000
List Price/SqFt
623.75
Stipulation of Sale
Standard

Location Information

Street #
Yes
Street Name
Causeway
Street Suffix
Drive
County
Brunswick
State/Province
NC
Zip Code
28469
City Limits
Yes
Marketing City
Ocean Isle Beach
Subdivision
Not In Subdivision
Secondary Subdivision
N/A

Remarks and Showing

Directions to Property
Cross OIB Bridge, property on right hand side on corner of Causeway Dr. and West Third St.
Sign on Property
Yes

Building Info

New Construction
No

BuildingExt Features

SqFt - Heated (Primary)
4000

Legal and Taxes

Tax Assessed Value
621050
Deed Book
2765
Deed Page
680
Legal
L-1 B-26 S-C OIB PLAT 5/143
Broker Owner
Yes
PID
257dh005
Tax Identifier
257dh005
Plat Book
5
Plat Page
143
Special Assessments
None
Tax Year
2022
Year Built
1980
Zoning
C-2
HOA
No
Cobra Zone
No

More Information

Status Change Info

Under Contract Date
2022-08-31
Sold Date
2022-11-29

Current Service Providers

Electric Provider
Brunswick Electric
Sewer Provider
Brunswick County Public Utilities
Water Provider
Brunswick County Public Utilities

Building/Ext Features

Lot Acres
0.24
Lot SqFt
10672
Lot Dimensions
50' x 117'
Location Type
Island

View Type

Ocean
Yes

Construction

Wood Frame
Yes

Foundation

Crawl Space
Yes

Flooring

Tile
Yes
Wood
Yes

Fuel Tank

None
Yes

Green Bldg Features

None
Yes

Parking Features

Off Street
Yes
Paved
Yes

Sale/Lease Includes

Buildings
Yes

Roof

Shingle
Yes

Lot Description

Corner Lot
Yes

Road Type/Frontage

Public (City/Cty/St)
Yes

Cooling

Central Air
Yes

Heating

Heat Pump
Yes

Heating System Fuel Source

Electric
Yes

Water Heater

Electric
Yes

Utilities

Water Available
Yes

Water Source

Municipal Water
Yes

Sewer

Municipal Sewer
Yes

Property Features

View Type: Ocean Construction: Wood Frame Flooring: Tile; Wood Foundation: Crawl Space Fuel Tank: None Green Bldg Features: None Parking Features: Off Street; Paved Roof: Shingle Lot Description: Corner Lot Cooling: Central Air Heating: Heat Pump Heating System Fuel Source: Electric Water Heater: Electric Utilities: Water Available Sewer: Municipal Sewer Water Source: Municipal Water
Listing Office: Sloane Commercial
IDX
Last Updated: November - 30 - 2022
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