Investment & Development Opportunity - Southport Commons

Office for Sale
Also listed as Retail-Commercial, Vacant Land
Catylist Listing ID: 30754331
Property Subtypes: Medical, Office Building, Other
Building Size (RSF): 10,050 SF
Gross Land Area: 1.74 Acres
Sale Price: $1,995,000
Unit Price: $198.51 PSF
Property Use Type: Investment
Building Name: Southport Commons
Class of Space: Class B
Usable Size (USF): 10,050 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/8/2021

Overview / Comments

Investment and development opportunity for a stabilized medical office building along with the adjacent building pad for a second building.

Located in downtown Southport, NC, the Property contains two developed building pads. There is an existing ±10,050 SF multi-tenanted medical office building located on Pad #1, which is anchored by Novant Health and Perceptions Eye Health & Wellness. Pad #2 remains unbuilt and was planned to accommodate a similar building as constructed on Pad #1.

The Southport / Hwy 211 submarket continues to be one of the fastest growing in the region. Large master planned communities along Hwy 211, including St. James, Winding River, River Sea, and Avalon are spurring this corridor’s growth.

Attachments & Media

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Tax ID/APN: 221MB01301
Zoning: HC - HIGHWAY COMMERCIAL (SOUTHPORT)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,674 8,317 11,218
Median Age: 50.29 52.69 52.14
Households: 1,259 3,835 5,198
The information presented herein is provided as is, without warranty of any kind. Neither Cape Fear REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.