NOT LISTED FOR SALE

116 N Howe St Southport, NC 28461

-- Bed
-- Bath
5,084 Sq Ft
8,712 Sq Ft Lot

Last Sold June 24, 2022

Last sale price $1,250,000 $246 Per Sq Ft

About This Home

As of June 2022

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.

Last Listed By

Sherol Lappala

Southport Realty, Inc. License #213435 Listed on: 03/09/2022

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,333

Year Built

  • Built in 1953

Lot Details

  • 8,712 Sq Ft Lot
  • Property is zoned CBD

Home Design

  • 5,084 Sq Ft Home

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 237lg000

Property Details

Property Type

Other

Est. Annual Taxes

$7,333

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: G
  • Sub Type: Improved
  • Cobra Zone: No
  • New Construction: No
  • Year Built: 1953
  • Definition: RE W/O Business
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • List Price per Sq Ft: 314.71
  • Sq Ft Heated: 5084.00

Exterior Features

  • Road Type Frontage: Paved, Public (City/Cty/St)

Garage/Parking

  • Garage: No

Utilities

  • Cooling System: See Remarks
  • Federal Flood Ins Avlbl: No
  • Heating System: Other-See Remarks

Association/Amenities

  • HOA: No

Lot Info

  • Deed Book: 766
  • Deed Page: 789.00
  • Lot Acres: 0.20
  • Lot Dimensions: Irregular
  • Lot Sq Ft: 8712.00
  • Plat Book: .
  • Plat Page: .
  • Zoning: CBD

Rental Info

  • Lease Types: See Remarks

Tax Info

  • Tax Identifier: 237lg000
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 1989
Bought by
Harrelson Thomas J Et Julie
Total Days on Market
0

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Harrelson Thomas J Et Julie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anacott Ventures Llc $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2022 06/24/22 Sold $1,250,000 -21.9% $246 / Sq Ft
03/09/2022 03/09/22 Pending -- -- --
03/09/2022 03/09/22 For Sale $1,600,000 -- $315 / Sq Ft
Source: Hive MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,333 $944,020 $367,320 $576,700
2023 $7,513 $944,020 $367,320 $576,700
2022 $7,513 $729,230 $306,100 $423,130
2021 $6,534 $729,230 $306,100 $423,130
2020 $6,534 $729,230 $306,100 $423,130
2019 $6,534 $306,100 $306,100 $0
2018 $2,875 $126,270 $126,270 $0
2017 $2,825 $126,270 $126,270 $0
2016 $2,583 $126,270 $126,270 $0
2015 $2,583 $283,280 $126,270 $157,010
2014 $2,011 $221,320 $92,130 $129,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100316075

Hive MLS

APN: 237LG036