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
Building/Ext Features
# of Parking Spaces: 50
# of Units: 8
Lot Acres: 5.04
Lot SqFt: 219542
Lot Dimensions: 211 x 1041 x 219 x 1021 +/-
Location Type: Mainland
Contract Info
Sub-Type: Improved
Garage: N/A
Space: Yes
Sale/Lease: Sale
Auction: No
List Price/SqFt: 60.42
Stipulation of Sale: Standard
Status: Closed
Marketing Start Date: 2021-07-27
Listing Price: 1627500
Current Price: $1,575,000
Location Information
City Limits: Yes
Marketing City: Boiling Spring Lakes
Secondary Subdivision: N/A
Street #: 3846
Street Name: George II
Street Suffix: Highway
Post Direction: SE
County: Brunswick
State/Province: NC
Zip Code: 28461
Subdivision: Not In Subdivision
Geo Lat: 34.003112
Geo Lon: -78.047789
Remarks and Showing
Sign on Property: Yes
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
Building Info
New Construction: No
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
Zoning: C1 (BSL)
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
Year Built: 2005
Showing Instructions
Special Instructions: 1
Business Type
Auto Related: 1
Business Flex: 1
Industrial: 1
Manufacturing: 1
Mixed: 1
Professional/Office: 1
Warehouse: 1
Other: 1
Miscellaneous
Occupancy: 100
HOA and Neigh Amenities
No Amenities: 1
Attic
None: 1
Basement
None: 1
C & I Features
Delivery Door: 1
Overhead Doors: 1
Construction
Steel Frame: 1
Lot Water Features
None: 1
Current Service Providers
Electric Provider: Duke Progress Energy
Sewer Provider: Brunswick County Public Utilities
Water Provider: Brunswick County Public Utilities
Exterior Finish
Steel Siding: 1
Terms
Cash: 1
Conventional: 1
Foundation
Slab: 1
Flooring
Concrete: 1
Fuel Tank
None: 1
Green Bldg Features
None: 1
Parking Features
Lighted: 1
Off Street: 1
On Site: 1
Paved: 1
Sale/Lease Includes
Buildings: 1
Fixtures: 1
Land: 1
Roof
Insulated: 1
Metal: 1
Lot Description
Open Lot: 1
Road Type/Frontage
2 - 3 Lanes: 1
Maintained: 1
Paved: 1
Public (City/Cty/St): 1
Road/Trans Access
Airport: 16+ Miles
Interstate: 16+ Miles
Port: 16+ Miles
Rail: 11 - 15 Miles
State Highway: Less than 5 Miles
Cooling
Other: 1
Location
Freestanding: 1
Gen Bus District: 1
Heating
Heat Pump: 1
Water Heater
Electric: 1
Utilities
Water Available: 1
Water Source
Municipal Water: 1
Sewer
Municipal Sewer: 1
Financial Info
Financial Info: Yes
Lease Types
See Remarks: 1
BuildingExt Features
SqFt - Heated (Primary): 26938
Status Change Info
Under Contract Date: 2021-11-06
Sold Price: $1,575,000
Sold Date: 2022-01-28
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
IDX
Last Updated: January - 28 - 2022
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