116 N Howe Street, Southport, NC 28461
$1,250,000
Property Type:
Comm Sale or Lease
Square Footage:
5,084
Lot Size (sq. ft.):
8,712
Status:
Closed
Current Price:
$1,250,000
List Date:
3/09/2022
Last Modified:
6/24/2022
Description
PRIME COMMERCIAL INCOME PRODUCING PROPERTY in the HEART OF SOUTHPORT'S HISTORIC DISTRICT. Three separately metered units plus potential for redevelopment/expansion opportunity.
PID 237LG036 116 N. Howe St. (Ports of Call Restaurant) has 37 feet of prime road frontage on Howe Street and includes a 4860 ft2 brick building that houses three separately metered tenants. The ground floor tenant is the restaurant. The second unit is accessed via the front of the building and is a second floor 1410 FT2 four room office suite with half bath. The third unit is accessed from the rear of the building and is a second floor 996 FT2 one bedroom one bath residential unit with short term vacations rental potential.
PID 237LG03501 abuts the rear of 116 N. Howe and includes a warehouse type building that connects to the rear of the restaurant and currently serves as the restaurant's kitchen area. This parcel has frontage on I Am Street. The rear portion of the warehouse contains about 587 FT2 of unconditioned space with a roll up door on I Am Street.This space is currently not leased but is owner occupied storage and is plumbed for a bath.
Opportunities abound with this property. Take advantage of this investment opportunity by making improvements to increase potential rental income. Or consider redevelopment of the rear tract. CBD Zoning offers zero lot line development opportunities with a 40 foot height limit.
More Information MLS# 100316075
Building/Ext Features
Lot Acres: 0.2
Lot SqFt: 8712
Lot Dimensions: Irregular
Location Type: Mainland
Contract Info
Sub-Type: Improved
Garage: N/A
Sale/Lease: Sale
Auction: No
List Price/SqFt: 314.71
Stipulation of Sale: Entered as Sale Only
Status: Closed
Marketing Start Date: 2022-03-09
Listing Price: 1600000
Current Price: $1,250,000
Location Information
City Limits: Yes
Marketing City: Southport
Secondary Subdivision: N/A
Street #: 116
Pre Direction: N
Street Name: Howe
Street Suffix: Street
County: Brunswick
State/Province: NC
Zip Code: 28461
Subdivision: Not In Subdivision
Geo Lat: 33.918819
Geo Lon: -78.019118
Remarks and Showing
Sign on Property: No
Directions to Property: Hwy 211 South towards Historic Southport.
On Left, one block from waterfront.
Building Info
New Construction: No
Legal and Taxes
Tax Assessed Value: 981243
Deed Book: 766
Deed Page: 789
Legal: L-37X66
Broker Owner: No
PID: 237LG036
Tax Identifier: 237lg000
Plat Book: .
Plat Page: .
Special Assessments: none
Tax Year: 2021
Zoning: CBD
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: No
Year Built: 1953
Terms
Cash: 1
Conventional: 1
Sale/Lease Includes
Buildings: 1
Road Type/Frontage
Paved: 1
Public (City/Cty/St): 1
Cooling
Other: 1
Heating
Other: 1
Lease Types
See Remarks: 1
BuildingExt Features
SqFt - Heated (Primary): 5084
Status Change Info
Under Contract Date: 2022-03-09
Sold Price: $1,250,000
Sold Date: 2022-06-24
Property Features
Cooling: Other
Heating: Other
Terms: Cash; Conventional
Lease Types: See Remarks
Listing Office:
Southport Realty, Inc.
IDX
Last Updated: June - 24 - 2022
Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.