3846 George II Highway SE
Southport,
NC $1,575,000
THRIVING TURN-KEY COMMERCIAL PROPERTY -- This fully leased 8-unit commercial complex in fast-growing Boiling Spring Lakes offers immediate income return on your investment! Located on a major highway in the heart of Brunwick County that connects Wilmington and points north to Southport and beach attractions, this complex sees a passing vehicle count estimated at nearly 17,000 per day. Tenants include established businesses and long-term leaseholders with strong positive track records. Gross rents total almost $11,000 per month while the owner's utilities, taxes, insurance and maintenance average less than $1,800 per month. Such strong opportunities don't come often!
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Listing ID100283170
Sold For$1,575,000
Price/SqFt$60.42
StatusClosed
Sold Date1/28/2022
SqFt
26,938
Acres
5.040
CountyBrunswick
SubdivisionNot In Subdivision
Year Built2005
Property TypeCommercial Sale/Lease
Property Sub TypeAuto Related, Business Flex, Industrial, Manufacturing, Mixed Use, Office, Other, Warehouse
County
Brunswick
Price/SqFt
60.42
Property Sub Type
Auto Related, Business Flex, Industrial, Manufacturing, Mixed Use, Office, Other, Warehouse
Property Type
Commercial Sale/Lease
Sold Date
2022-01-28T00:00:00+00:00
Sold Price
$1,575,000
Subdivision
Not In Subdivision
Year Built
2005
Zoning
C1 (BSL)
Attic
None
Basement
None
Cooling System
See Remarks
Flooring
Concrete
Heating System
Heat Pump
Water Heater
Electric
C & I Features
Delivery Door, Overhead Doors
Construction
Steel Frame
Exterior Finish
Steel Siding
Foundation
Slab
Fuel Tank
None
Lot Description
Open
Lot Dimensions
211 x 1041 x 219 x 1021 +/-
Lot SqFt
219542
Lot Water Features
None
Number of Parking Spaces
50
Number of Units
8
Parking/Driveway
Lighted, Off Street, On Site, Paved
Road Type/Frontage
2 - 3 Lanes, Maintained, Paved, Public (City/Cty/St)
Roof
Insulated, Metal
Water/Sewer
Municipal Sewer, Municipal Water
City Limits
yes
Cobra Zone
no
Location
Freestanding, Gen Bus District
Location Type
Mainland
Marketing City
Boiling Spring Lakes
Road/Trans Access: Airport
16+ Miles
Road/Trans Access: Interstate
16+ Miles
Road/Trans Access: Port
16+ Miles
Road/Trans Access: Rail
11 - 15 Miles
Road/Trans Access: State Highway
Less than 5 Miles
Secondary Subdivision
N/A
Electric Provider
Duke Progress Energy
Sewer Provider
Brunswick County Public Utilities
Water Provider
Brunswick County Public Utilities
Green Building Features
None
HOA
no
HOA Amenities
No Amenities
New Construction
no
Auction
no
Federal Flood Insurance Available
yes
Financial Info: Financial Info
yes
Lease Types
See Remarks
Possession
At Closing
Property Taxes
5216.84
Prospect Exempt
no
Sale/Lease
Sale
Sale/Lease Includes
Buildings, Fixtures, Land
Special Assessments
none known
Stipulation of Sale
None
Tax Assessed Value
537320
Tax Year
2020
Terms
Cash, Conventional
Request More Information - Listing ID 100283170
Coastal Development & Realty
Address:
131 Ocean Blvd WestHolden Beach, NC 28462
United States
Phone: 910-842-4939
Phone Alt: 800-262-7820
Similar Listings
Request More Information
Request More Information - Listing ID 100283170
Coastal Development & Realty
Address:
131 Ocean Blvd WestHolden Beach, NC 28462
United States
Phone: 910-842-4939
Phone Alt: 800-262-7820
Map
3846 George II Highway SE
Southport, NC 28461
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC, and is updated as of Wednesday, June 7th, 2023 at 05:47:53 PM. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Neither listing broker(s) nor Coastal Development and Realty shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2023 North Carolina Regional MLS LLC.
Data services provided by IDX Broker
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