NOT LISTED FOR SALE

3846 George II Hwy Southport, NC 28461

Estimated Value: $1,936,069

-- Bed
-- Bath
26,938 Sq Ft
$72/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $1,575,000 $58 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $10,901/month

102 Days on Market

Highlights

  • 5.04 Acre Lot
  • Concrete Flooring
  • Open Lot
  • No HOA

About This Home

As of January 2022

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!

Last Agent to Sell the Property

Ginger Harper

Coldwell Banker Sea Coast Advantage - SP Listed on: 07/27/2021

Coldwell Banker Sea Coast Advantage - SP

Last Buyer's Agent

A Non Member

A Non Member

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,217

Year Built

  • Built in 2005

Lot Details

  • 5.04 Acre Lot
  • Open Lot
  • Property is zoned C1 (BSL)

Home Design

  • Slab Foundation
  • Steel Frame
  • Insulated Roof
  • Metal Roof
  • Steel Siding

Interior Spaces

  • 26,938 Sq Ft Home
  • Concrete Flooring

Parking

  • Lighted Parking
  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 1730000106

Property Details

Property Type

Other

Est. Annual Taxes

$5,217

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: G
  • Sub Type: Improved
  • Sub Type2: Auto Related, Business Flex, Industrial, Manufacturing, Mixed Use, Office, Other, Warehouse
  • Cobra Zone: No
  • Construction: Steel Frame
  • New Construction: No
  • Year Built: 2005
  • Definition: RE W/O Business
  • Space: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Attic: None
  • Basement: None
  • Flooring: Concrete
  • List Price per Sq Ft: 60.42
  • Sq Ft Heated: 26938.00

Exterior Features

  • Exterior Finish: Steel Siding
  • Foundation: Slab
  • Road Type Frontage: 2 - 3 Lanes, Maintained, Paved, Public (City/Cty/St)
  • Roof: Insulated, Metal
  • Road Trans Access Airport: 16+ Miles
  • Road Trans Access Interstate: 16+ Miles
  • Road Trans Access Port: 16+ Miles
  • Road Trans Access Rail: 11 - 15 Miles
  • Road Trans Access State Highway: Less than 5 Miles

Garage/Parking

  • Parking Driveway: Lighted, Off Street, On Site, Paved
  • Garage: No
  • Number Of Parking Spaces: 50

Utilities

  • Cooling System: See Remarks
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Heating System: Heat Pump
  • Service Providers Electric Provider: Duke Progress Energy
  • Service Providers Sewer Provider: Brunswick County Public Utilities
  • Service Providers Water Provider: Brunswick County Public Utilities
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric

Association/Amenities

  • HOA: No
  • HOA Amenities: No Amenities

Lot Info

  • Deed Book: 2044
  • Deed Page: 108.00
  • Lot Acres: 5.04
  • Lot Description: Open
  • Lot Dimensions: 211 x 1041 x 219 x 1021 +/-
  • Lot Sq Ft: 219542.00
  • Lot Water Features: None
  • Special Assessments: none known
  • Zoning: C1 (BSL)

Green Features

  • Green Bldg Features: None

Rental Info

  • Lease Types: See Remarks

Tax Info

  • Tax Identifier: 1730000106
  • Tax Year: 2020
  • Total Real Estate Property Taxes: 5216.84

Multi Family

  • Number Of Units: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2021
Closed on
Jan 28, 2022
Sold by
Bsl Warehouse Llc
Bought by
Bsl Workshops Llc
Seller's Agent
Ginger Harper
Coldwell Banker Sea Coast Advantage - SP
Buyer's Agent
A Non Member
A Non Member
List Price
$1,627,500
Sold Price
$1,575,000
Premium/Discount to List
-$52,500
-3.23%
Current Estimated Value
$1,936,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$361,069
Avg. Annual Appreciation
5.42%
Original Mortgage
$1,181,250
Outstanding Balance
$1,092,417
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$843,652

Purchase Details

Closed on
Nov 1, 2004
Bought by
Bsl Warehouse Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Bsl Workshops Llc $3,150 None Listed On Document
Bsl Warehouse Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bsl Workshops Llc $1,181,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2022 01/28/22 Sold $1,575,000 -3.2% $58 / Sq Ft
11/06/2021 11/06/21 Pending -- -- --
07/27/2021 07/27/21 For Sale $1,627,500 -- $60 / 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
2025 -- $1,264,750 $80,640 $1,184,110
2024 $8,728 $1,264,750 $80,640 $1,184,110
2023 $5,634 $1,264,750 $80,640 $1,184,110
2022 $5,496 $537,320 $33,390 $503,930
2021 $5,496 $537,320 $33,390 $503,930
2020 $5,217 $537,320 $33,390 $503,930
2019 $5,217 $37,910 $33,390 $4,520
2018 $5,789 $35,720 $28,620 $7,100
2017 $5,662 $35,720 $28,620 $7,100
2016 $5,412 $35,720 $28,620 $7,100
2015 $5,412 $634,800 $28,620 $606,180
2014 $4,918 $639,748 $30,000 $609,748
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100283170

Hive MLS

APN: 1730000106