3846 George II Highway SE, Southport, NC 28461 (MLS# 100283170)
3846 George II Highway SE, Southport, NC 28461
$1,575,000
Property Type:
Comm Sale or Lease
Square Footage:
26,938
Lot Size (sq. ft.):
219,542
Status:
Closed
Current Price:
$1,575,000
List Date:
7/27/2021
Last Modified:
1/28/2022
Description
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!
More Information MLS# 100283170
Contract Info
Status: Closed
Marketing Start Date: 2021-07-27
Sub-Type: Improved
Garage: N/A
Space: Yes
Sale/Lease: Sale
Auction: No
Listing Price: 1627500
Current Price: $1,575,000
List Price/SqFt: 60.42
Stipulation of Sale: Standard
Location Information
Street #: 3846
Street Name: George II
Street Suffix: Highway
Post Direction: SE
County: Brunswick
State/Province: NC
Zip Code: 28461
City Limits: Yes
Marketing City: Boiling Spring Lakes
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 34.003112
Geo Lon: -78.047789
Remarks and Showing
Directions to Property: From Southport, take River Road (N.C. 133) and turn onto George II Highway (N.C. 87). Proceed about a mile and a half; and property will be on left before you get to South Brunswick High School intersection.
From Ocean Highway (U.S. 17), turn onto George II Highway (N.C. 87). Proceed about 10 miles through the Boiling Spring Road and South Brunswick High intersections. Property will be on right
Sign on Property: Yes
Building Info
New Construction: No
BuildingExt Features
SqFt - Heated (Primary): 26938
Legal and Taxes
Tax Assessed Value: 537320
Deed Book: 2044
Deed Page: 108
Legal: TR-4 S-24 %.04 AC WBSL TIMBER PL G/114
Broker Owner: No
PID: 1730000106
Tax Identifier: 1730000106
Plat Book: G
Plat Page: 114
Total Real Estate Property Taxes: 5216.84
Special Assessments: none known
Tax Year: 2020
Year Built: 2005
Zoning: C1 (BSL)
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
Status Change Info
Under Contract Date: 2021-11-06
Sold Price: $1,575,000
Sold Date: 2022-01-28
Miscellaneous
Occupancy: 100
Current Service Providers
Electric Provider: Duke Progress Energy
Sewer Provider: Brunswick County Public Utilities
Water Provider: Brunswick County Public Utilities
Financial Info
Financial Info: Yes
Property Features
Business Type: Auto Related; Business Flex; Industrial; Manufacturing; Mixed; Professional/Office; Warehouse; Other
Showing Instructions: Special Instructions
HOA and Neigh Amenities: No Amenities
Attic: None
Basement: None
Construction: Steel Frame
Exterior Finish: Steel Siding
Flooring: Concrete
Foundation: Slab
Fuel Tank: None
Green Bldg Features: None
Parking Features: Lighted; Off Street; On Site; Paved
Roof: Insulated; Metal
Lot Description: Open Lot
Location: Freestanding; Gen Bus District
Lot Water Features: None
Cooling: Other
Heating: Heat Pump
Water Heater: Electric
Utilities: Water Available
Sewer: Municipal Sewer
Water Source: Municipal Water
Terms: Cash; Conventional
Lease Types: See Remarks
Listing Office: Coldwell Banker Sea Coast Advantage - SP
Last Updated: January - 28 - 2022
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