4571 Smith Avenue, Shallotte, NC 28470
$2,562,000












Property Type:
Comm Sale or Lease
Lot Size (sq. ft.):
4,893,095
Status:
Closed
Current Price:
$2,562,000
List Date:
5/19/2020
Last Modified:
1/20/2022
Description
Magnificent 112 acres of land in the Commercial Center of Shallotte, NC. Ideal for a mixed use development with retail and commercial uses along Smith Ave. and residential communities along the marsh and riverfront. Property contains a mixture of woodlands and cleared areas on the approximately 60 acres of high ground and approximately 52 acres of marsh and wetlands along the Shallotte River. This site sits directly across from Shallotte Crossing Shopping Center, home to Home Depot, Office Depot, Belk, along with numerous other restaurants and retailers. Coastal Walk Marketplace is currently under construction at the intersection of Main Street & Smith Avenue which will feature Ulta, Ross, Marshalls, PetSmart, Hobby Lobby and Rack Room. The Shallotte Riverfront Project sits across the Shallotte River from the site and will create a vibrant destination complete with shopping, dining, entertainment, business and residential space. The Riverfront Project is is in the planning and preliminary construction phase and will ultimately connect via walking trails across Main Street to the Mulberry Street Park, permanent home to the Shallotte Farmers Market equipped with an amphitheater, pavilion, playground, community garden and walking trails.
The Town of Shallotte is the central point of commerce for the South Brunswick Islands, servicing the shopping, dining and recreational needs of the high net-worth year-round residents and tourists to the island resort communities.
More Information MLS# 100218287
Contract Info
Status: Closed
Marketing Start Date: 2020-05-08
Sub-Type: Unimproved Land
Sale/Lease: Sale
Auction: No
Listing Price: 2950000
Current Price: $2,562,000
Stipulation of Sale: Standard
Location Information
Street #: 4571
Street Name: Smith
Street Suffix: Avenue
County: Brunswick
State/Province: NC
Zip Code: 28470
City Limits: Yes
Marketing City: Shallotte
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 33.978474
Geo Lon: -78.375787
Remarks and Showing
Directions to Property: From Hwy 17 at Shallotte, take Smith Avenue SW to light at Main Street. 1st curb cut is just past Walgreens on the Right.
Sign on Property: Yes
Building Info
New Construction: No
Legal and Taxes
Tax Assessed Value: 2391730
Deed Book: 5838
Deed Page: 453
Legal: 55.35 ACRES OFF US 17 & 56.98 AC PLAT Q/135 OFF NC 130
Broker Owner: No
PID: 50537790
Tax Identifier: 19800019 & 1980001901
Special Assessments: none
Zoning: SH-HB, SH-B-2
HOA: No
Cobra Zone: No
Status Change Info
Under Contract Date: 2020-08-27
Sold Price: $2,562,000
Sold Date: 2021-11-16
Property Features
Business Type: Mixed
Frontage Type: Marsh Front; River
View Type: Marsh View; River; Water
Lot Description: Wetlands; Wooded
Terms: Cash
Listing Office: Intracoastal Realty
Last Updated: January - 20 - 2022
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