Darren Bouley - Commercial Real Estate Showcase

Darren Bouley Property Listings
Darren Bouley
7199-5 Beach Drive SW
Ocean Isle Beach, NC 28469
(910) 431-7692

7181 - 7183 Beach Drive SW

Ocean Isle Beach, NC 28469-5634 - West Brunswick Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2009
Building Size:7,976 SF Land Area:.4 AC (17,258 SF)
For Sale Price:$659,000 Price/SF:$82.62
Cap Rate:6.60 %
Parking:Free Surface spaces are available; Ratio of 1.25/1,000 SF

The building has 2,000 sf of commercial space.

Extraordinary qualitymixed-use center midway between Sunset Beach & Ocean Isle Beach, NC. 5,600 heated SF, 600 SF covered
porches & 2 360 SF double-car garages. 1,050 SF office space, 1,050 retail space & and 2 luxury 3 BR 2 BA apartments on second floor. Must see to
appreciate quality. Plus, property includes an 8ft X 20ft two-sided lighted billboard. Office space includes 4 offices, conference room, reception area,break
room, work room & 2 restrooms. Features include 10 ft ceilings, extensive crownmolding, quality tile & carpet floors, elevator shaft to apartments, recessed
lights, security & sprinkler systems. Allunits separatelymetered. 3 BR 2 BA apartments with highest quality throughout. Granite counters, stainless
appliances, walk in showers to start. See the photos. The office and apartment above in use by owner who is willing to continue leasing or will sell with or
without furnidhings. Retail space currently leased for $7590 / mo & apartment leased for $1,000/mo.

Sale Notes:
Well constructed 2009, brick mixed use building located on busy Beach Drive in Ocean Isle Beach in Brunswick County, North Carolina. Located in the fastest growing area of Brunswick County. There are 65 new communities being
developed in the immediate sub-market. Building composed of 2 commercial spaces, 2 luxury residential apartments with active billboard. Gross revenues are $54,000 per year. All units are completely leased. NOI is approximately $43,965. Commercial Rentals: $800 each per month; Residential: $1,100 & $1,200 per month; billboard $600 per month. Commercial units are roughly 1,050 sq/ft. Residential units are 3 Br/2BA, approximately 1,500 sq/ft and include a finished 2 car garage, granite counter tops, open floor plans, wood and tile floors in main living areas, tile walk-in showers, screened porches. Building design includes area to add an elevator. Separate utility meters for all tenants.

Darren Bouley
Darren Bouley
(910) 431-7692

Share this listing

Copy and paste this HTML into your blog or web page:
<a href="http://www.showcase.com/property/7181-7183-Beach-Drive-SW/Ocean-Isle-Beach/North-Carolina/7605855" target="_blank">7181 - 7183 Beach Drive SW, Ocean Isle Beach, NC - Commercial property</a>

Send Email
Add a personalized message: (Optional)
Copyright © 1997-2017 CoStar Realty Information, Inc. All rights reserved.  |  About SHOWCASE.COM |  Advertise |  Site Map |  800-216-3234