Aloha Plaza is a fully leased mixed-use property in the heart of Shallotte, NC. The property features a combination of residential and commercial units, offering stable income and long-term tenancy. Recent renovations and upgrades have enhanced both the functionality and appeal of the property, making it a well-positioned investment in a growing market.
Property Highlights:
Total Monthly Rental Income: $27,961
Unit Mix: 8 residential units, 7 commercial units
Current Occupancy: 100%
Lease Structures: Mix of long-term leases and month-to-month agreements
Key Upgrades & Renovations:
Structural & Exterior: New roofing on all buildings, exterior repainting, and improved signage.
Parking & Accessibility: Parking lot repaved, added designated handicapped spaces, and expanded patio decking.
Residential Units: Several units were fully gutted and renovated, with upgrades including new flooring, insulation, kitchens, bathrooms, and electrical wiring.
Commercial Spaces: Electrical, plumbing, and HVAC systems upgraded. Restaurant unit (506) received extensive improvements, including a commercial kitchen build-out, added bar area, patio expansion, and outdoor restroom.
With a strong rental income base, recent renovations, and a prime location in Shallotte’s business corridor, Aloha Plaza presents a great opportunity for investors seeking a stable asset in a high-demand area.
Note: House that is located on Sellers Street will not convey in sale.
Members-only remarks
Please contact Oliver Evans for all questions and showings.
910-515-0600
Note: House that is located on Sellers Street will not convey in sale.