Former Hardware Store in Downtown Tabor City

Retail-Commercial for Sale
Catylist Listing ID: 30125207
Property Subtypes: Free-Standing Building
Building Size (RSF): 22,544 SF
Gross Building Area: 39,644 SF
Gross Land Area: 1.25 Acres
Sale Price: $395,000
Unit Price: $17.52 PSF
Ceiling: 12 ft.
Property Use Type: Vacant/Owner-User
Building Name: W F Cox True Value Hardware
Usable Size (USF): 22,544 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/1/2017

Overview / Comments

Formerly W F Cox True Value Hardware, this 22,544 sf brick & mortar building on Main Street offers excellent exposure for your business venture. The open area with columns spaced 28' and 34' apart give you lots of configuration options. 10' to the drop ceiling and 12' clear to the trusses, separate office space in the rear of the building houses a 13' x 25' vault. Roof and HVAC will need to be evaluated. The attached 90' x 190' building is included in the sale can be used for storage or removed for additional parking. Property includes 2 tax parcels: 11798 & 96044 totaling 1.25 acres with dimensions of approximately 264 x 198 x 259 x 215. The adjacent paved half-acre parcel 11808 is available for sale separately by the same owners for $35,000.

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Columbus
Submarket Type: Central Business District
Tax ID/APN: 011798
Zoning: CBO
Retail Clientele: General
Property Located Between: Main Street & Green Sea Road
Property Visibility: Excellent
Largest Nearby Street: Highway 701 Business
Feet of Frontage: 264
Highway Access: Adjacent to US Highway 701 Business, the main business corridor in Tabor City, providing easy access to Loris, Conway and North Myrtle Beach
Airports: Green Sea Airport 12 Miles; Myrtle Beach International Airport 41 Miles
Area Description: Tabor City sits on the South Carolina border in Southeast North Carolina. Founded as a rural market town on the Atlantic Coast, the strong agricultural history is still visible today. The municipality has a population of 4,287 and is located within 30 minutes of the Grand Strand (Myrtle Beach, SC and Brunswick County, NC). Tabor City is making the transition from an economy based on agriculture and textiles to one encompassing light manufacturing, service, retail and tourism. The town is working to promote small business development while attracting tourists and home buyers. Once known as the "Yam Capital of the World", Tabor City pays tribute to the area's sweet potato crop with the annual North Carolina Yam Festival every fourth Saturday in October. The festival celebrates the sweet potato with crafts, train rides, classic cars and trucks, arts and vendors. The North Carolina Visitors Center sits 1/2 mile from the building on Highway 701 Business.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Poor
Year Built: 1962
Roof Type: Flat
Construction/Siding: Brick, Metal/Glass
Exterior Description: Main retail space is 22,544 constructed of brick with a glass storefront. The attached 90 x 190 building is included in the sale and can be used for storage or removed for additional parking.
Parking Type: Surface
Parking Description: There is ample parking in front of the building. Adjacent paved half-acre parcel 11808 is available for sale separately by the same owners and can be used for outside storage and/or parking.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Previously W F Cox True Value Hardware. Floors are a mix of carpet, tile and concrete. Many of the retail display units remain.
Zoning Description: Central Business
Lot Frontage: 264
Lot Depth: 198
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Land is privately owned
Legal Description: Tax ID 11798 & 96044

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 949 7,408 8,422
Median Age: 45.34 38.55 38.75
Households: 436 2,434 2,831

Contact

Photograph of Listing Agent

Kelly Stuart

Sloane Commercial Real Estate

Source

Cape Fear REALTORS®
Original Source: Member Entered
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