3000 George II Hwy - Retail FOR SALE


Southport, NC 28461
$1,250,000 USD
919-219-9312
3000 George II Hwy, Southport, NC for Sale
$1,250,000 USD
Retail - FOR SALE
1/16
null | Request Cap Rate

3000 George II Hwy
Southport, NC 28461


HIGHLIGHTS

  • Unique opportunity for an owner-user. Occupy one unit while benefiting from a revenue stream from the existing lease until 2027.
  • Proximity to Highways for access to both Southport, Leland and Wilmington
  • Metal roof, Hardiplank siding on front facade, two 12 Ft height overhead doors in rear, Semi Tractor Trailer driving radius back of building

OVERVIEW

Introducing Multi Tenant Standalone Retail/Flex building at 3000 George II Hwy, Boiling Springs Lake, Southport N.C.! This multi-tenant standalone retail/flex building is a lucrative investment opportunity at $1.25M+ with seller financing available. This property presents a unique opportunity for an owner-user. You could occupy one unit while benefiting from a revenue stream from the existing lease until 2027. This provides flexibility, allowing time for business expansion or the option to reconfigure the space into four separate units and lease three for additional income. The building was constructed to easily accommodate four 1,500 sq ft units. Currently, there is 2,065 sq ft of vacant space ready for lease or for owner-user. The 6,000 sq ft property sits on 1.55 acres, offering versatile leasing options. One unit is leased to a non-profit tenant below market value, providing a steady income stream until 2027. With 2,065 sq ft of vacant space, owners can lease or occupy for additional income. The property's strategic location on George II Hwy grants high visibility and convenient access to Ocean HWY US 17, ideal for businesses looking to thrive in a rapidly growing area. Explore the potential for your next commercial venture! Multi Tenant Standalone Retail/Flex building for Sale $1.25M+ Seller Financing Available Exciting opportunity to purchase a multi-tenant, standalone retail/flex building. The property is listed for sale at $1.25M+, and seller financing is available. The building was constructed to easily accommodate four 1,500 sq ft units. Currently, there is 2,065 sq ft of vacant space ready for lease or for owner-user. - SQ FT: 6,000 SQ FT Multi Tenant Retail/Flex on 1.55+/- Acres - Semi Tractor Trailer driving radius back of building - Owner User or long-term investment Opportunity - 6,000 SQ FT can be divided into four 1,500 SQ FT units - Currently divided into 2 spaces. 3,935 SQ FT Unit Leased to Thrift Store Non-Profit tenant at under market value - Lease Expires 3/31/27 with NOI $27,557.52 - 2065 SQ FT vacant space for owner user or available to lease at market values $18 - $28psf - Proximity to Highways for access to both Southport, Leland and Wilmington

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$208 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

C1

APN/PARCEL ID

156LH006

ASK ABOUT THIS PROPERTY

Marguerite GreeneCentury 21 Triangle GroupMore Info
919-219-9312

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Marguerite GreeneCentury 21 Triangle GroupMore Info
919-219-9312

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.