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624 Village Road SW, Shallotte, NC 28470

$1,100,000
Property Type: Comm Sale or Lease Square Footage: 15,490 Lot Size (sq. ft.): 229,126 Status: Closed
Current Price: $1,100,000 List Date: 3/16/2020 Last Modified: 1/20/2022

Overview

Description

Excellent investment opportunity in the rapidly growing Town of Shallotte, NC. Two office buildings, one with four units and one with three units, and one eight unit apartment building included in sale. Fully occupied with excellent rental history. Individual units have been upgraded on turnover demanding increasing rents.

Listing Details MLS# 100209529

Contract Info

Marketing Start Date
2020-03-16
Sub-Type
Improved
Garage
N/A
Sale/Lease
Sale
Auction
No
Listing Price
1495000
List Price/SqFt
96.51
Stipulation of Sale
Standard

Location Information

Street #
624
Street Name
Village
Street Suffix
Road
Post Direction
SW
County
Brunswick
State/Province
NC
Zip Code
28470
City Limits
Yes
Marketing City
Shallotte
Subdivision
Not In Subdivision
Secondary Subdivision
N/A

Remarks and Showing

Directions to Property
From Ocean Isle Beach take Highway 179 (Village Road) towards Main Street Shallotte. Property is on the Left across from Calvary Baptist Church. From Highway 130 (Whiteville Road) head southeast until Whiteville Rd turns right and becomes Village Rd. Property is on the right approximately 1 mile.
Sign on Property
No

Building Info

New Construction
No

BuildingExt Features

SqFt - Heated (Primary)
15490

Legal and Taxes

Tax Assessed Value
946050
Deed Book
02150
Deed Page
793
Legal
5.26AC VILLAGE PINES OFFICE PARK PL-24/178
Broker Owner
No
PID
19700059
Tax Identifier
19700059
Special Assessments
None
Tax Year
2019
Year Built
1987
Zoning
HB
HOA
No
Cobra Zone
No
Plat Book
No
Plat Page
No

More Information

Status Change Info

Under Contract Date
2020-08-06
Sold Date
2020-12-23

Current Service Providers

Electric Provider
Brunswick Electric
Sewer Provider
Town of Shallotte
Water Provider
Town of Shallotte

Building/Ext Features

# of Units
15
Lot Acres
5.26
Lot SqFt
229126
Lot Dimensions
371 x 365
Location Type
Mainland

Business Type

Mixed
Yes
Professional/Office
Yes

Terms

Cash
Yes
Conventional
Yes

Parking Features

Off Street
Yes
On Site
Yes
Paved
Yes
Shared Driveway
Yes

Sale/Lease Includes

Buildings
Yes
Land
Yes

Road Type/Frontage

2 - 3 Lanes
Yes
Maintained
Yes
Public (City/Cty/St)
Yes

Cooling

Central Air
Yes

Heating

Heat Pump
Yes

Utilities

Water Available
Yes

Water Source

Municipal Water
Yes

Sewer

Municipal Sewer
Yes

Property Features

Business Type: Mixed; Professional/Office Parking Features: Off Street; On Site; Paved; Shared Driveway Cooling: Central Air Heating: Heat Pump Utilities: Water Available Sewer: Municipal Sewer Water Source: Municipal Water Terms: Cash; Conventional
Listing Office: Intracoastal Realty
IDX
Last Updated: January - 20 - 2022
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