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8708A E Oak Island Dr 0.36 Acres of Commercial Land Offered at $1,150,000 in Oak Island, NC 28465
Investment Highlights
- Two-parcel assemblage encompassing a total of five lots in the Yaupon Beach commercial district.
- Existing building in place (auto repair shop), offering immediate potential for repurposing or redevelopment.
- Situated in a thriving coastal community experiencing consistent growth in both tourism and residential bases.
- Located on East Oak Island Drive, a prominent retail and service corridor with heavy foot and vehicle traffic.
- Flexible configuration options, including the possibility of acquiring lots individually.
Executive Summary
This offering presents a unique commercial opportunity in the vibrant Yaupon Beach section of Oak Island, a rapidly expanding coastal destination. Comprising two parcels totaling five lots, the property sits prominently along East Oak Island Drive, a major commercial corridor with steady traffic from both seasonal visitors and year-round residents.
The first parcel includes three contiguous lots, while the second contains two lots and an existing auto repair shop building. The shop’s equipment will not convey, leaving an adaptable space for future business concepts. With flexible configuration possibilities and the option to purchase lots individually, this property provides investors and developers with diverse options for creating retail, service-based, or mixed-use development projects to meet the demand of a growing beach community.
Positioned in a high-visibility, high-traffic area near local attractions, dining, and beach access points, this site is well-suited for businesses catering to vacationers and locals alike. Its location along a well-traveled thoroughfare ensures immediate consumer exposure and strong accessibility, while proximity to other commercial hubs amplifies the appeal for future use.
The first parcel includes three contiguous lots, while the second contains two lots and an existing auto repair shop building. The shop’s equipment will not convey, leaving an adaptable space for future business concepts. With flexible configuration possibilities and the option to purchase lots individually, this property provides investors and developers with diverse options for creating retail, service-based, or mixed-use development projects to meet the demand of a growing beach community.
Positioned in a high-visibility, high-traffic area near local attractions, dining, and beach access points, this site is well-suited for businesses catering to vacationers and locals alike. Its location along a well-traveled thoroughfare ensures immediate consumer exposure and strong accessibility, while proximity to other commercial hubs amplifies the appeal for future use.
Property Facts
| Price | $1,150,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.36 AC |
| Zoning | Commercial | ||
| Price | $1,150,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.36 AC |
| Zoning | Commercial |
1 Lot Available
Lot
| Price | $1,150,000 | Lot Size | 0.36 AC |
| Price Per AC | $3,194,444.44 |
| Price | $1,150,000 |
| Price Per AC | $3,194,444.44 |
| Lot Size | 0.36 AC |
Warehouse improvement on site.
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 250CH020 | Improvements Assessment | $34,640 |
| Land Assessment | $107,900 | Total Assessment | $142,540 |
Property Taxes
Parcel Number
250CH020
Land Assessment
$107,900
Improvements Assessment
$34,640
Total Assessment
$142,540
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8708A E Oak Island Dr