425 S Lee St - Office FOR SALE


Whiteville, NC 28472
$225,000 USD
910-393-7275
425 S Lee St, Whiteville, NC for Sale
$225,000 USD
Office - FOR SALE
1/32
null | Request Cap Rate

425 S Lee St
Whiteville, NC 28472


HIGHLIGHTS

  • Located just south of the W Columbus Street intersection and one block off JK Powell Blvd (Hwy 701 Bypass) and N Madison Street (Hwy 701 Business).

OVERVIEW

This 4,076± sf building offers excellent storefront visibility and signage on S Lee Street, just south of the W Columbus Street intersection and one block off JK Powell Blvd (Hwy 701 Bypass) and N Madison Street (Hwy 701 Business). Currently arranged with a reception area, several office and storage areas, conference rooms and small warehouse area in the elevated rear, with limited truck access via an existing dock high door for loading and unloading inventory, this building could be opened up and configured in any number of ways for alternative uses to the current office layout. Conference room previously had a roll-up door, which has been walled off. Originally constructed and occupied by Brunswick Electric, then leased by Head Start for 35 years, this building has great bones in a strategic downtown Whiteville location. Located in an Opportunity Zone and a NC Main Street Community, this property neighbors the new 101,000 sf Truist Regional Headquarters, home to over 500 employees and honored with Cape Fear CREW's Economic and Community Enhancement Award in 2021. Columbus County purchased the former BB&T building, across Columbus Street from this property, along with the paved parking lot adjacent to this building, for county offices and an Entrepreneurship Center to support small business. The 19,000± sf building adjacent to this property, former home of The News Reporter printing and publishing operations, was purchased by the City of Whiteville and is undergoing renovations to house Provalus, a company new to Whiteville that will create approximately 200 IT support positions over the coming years. Nearby Columbus Regional Healthcare branded the Center for Robotic Surgery, 'one of the highest volume and most experienced robotic surgical programs in southeastern North Carolina'. Equidistant to the North Carolina communities of Shallotte, Wilmington, Fayetteville, and Myrtle Beach, SC. Downtown Whiteville continually undergoes a comprehensive revitalization process, placing this property in the center of growing business community with an eye towards historical renovation and restoration. As published in The Border Belt Independent "Throughout 2023, Columbus County Commissioners paved the way for more than 10,000 new homes, which would bring at least 25,000 more residents to this county along the South Carolina border over the next two decades. Developers have pushed to make southern Columbus County the next housing hotspot amid overflowing growth in Brunswick County to the east and Horry County to the south, just over the state line." Roof is approximately 12 years old. HVAC is four years old.

FOR SALE DETAILS

PRICE

$225,000 USD

PRICE/SF

$55 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

WH: B-1

APN/PARCEL ID

0280.00-99-1506.000

ASK ABOUT THIS PROPERTY

Kelly StuartCarolinas Commercial with CBC Sun Coast PartnersMore Info
910-393-7275

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Kelly StuartCarolinas Commercial with CBC Sun Coast PartnersMore Info
910-393-7275

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