Property Type:
Comm Sale or Lease
Square Footage:
5,084
Lot Size (sq. ft.):
8,712
Status:
Closed
Current Price:
$1,250,000
List Date:
3/09/2022
Last Modified:
6/24/2022
Overview
Description
PRIME COMMERCIAL INCOME PRODUCING PROPERTY in the HEART OF SOUTHPORT'S HISTORIC DISTRICT. Three separately metered units plus potential for redevelopment/expansion opportunity.
PID 237LG036 116 N. Howe St. (Ports of Call Restaurant) has 37 feet of prime road frontage on Howe Street and includes a 4860 ft2 brick building that houses three separately metered tenants. The ground floor tenant is the restaurant. The second unit is accessed via the front of the building and is a second floor 1410 FT2 four room office suite with half bath. The third unit is accessed from the rear of the building and is a second floor 996 FT2 one bedroom one bath residential unit with short term vacations rental potential.
PID 237LG03501 abuts the rear of 116 N. Howe and includes a warehouse type building that connects to the rear of the restaurant and currently serves as the restaurant's kitchen area. This parcel has frontage on I Am Street. The rear portion of the warehouse contains about 587 FT2 of unconditioned space with a roll up door on I Am Street.This space is currently not leased but is owner occupied storage and is plumbed for a bath.
Opportunities abound with this property. Take advantage of this investment opportunity by making improvements to increase potential rental income. Or consider redevelopment of the rear tract. CBD Zoning offers zero lot line development opportunities with a 40 foot height limit.
Last Updated: June - 24 - 2022
Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
