Shallotte, North Carolina Commercial Real Estate 1 Listing

Shallotte, North Carolina: A Premier Destination for Commercial Real Estate

Introduction

Shallotte, North Carolina, is an emerging hub for commercial real estate (CRE) investors and professionals. Nestled in Brunswick County, this city is part of the Myrtle Beach metropolitan area, offering a unique blend of coastal charm and strategic economic advantages. With a growing population and a diversifying economy, Shallotte's commercial real estate market presents opportunities across various sectors, from retail to industrial. The city's strategic location, coupled with evolving industry clusters and supportive economic initiatives, makes it a viable contender for CRE investment.

Economic and Industry Overview

Shallotte boasts a diverse economic landscape, with significant contributions from retail, healthcare, and tourism. The city's proximity to the coast and its role as a gateway to the Brunswick Islands support a thriving tourism industry that drives demand for retail and hospitality properties. Additionally, healthcare facilities and services have seen growth due to the area's increasing population, necessitating medical office spaces and ancillary services. The Brunswick County Economic Development agency actively supports these industries, offering incentives and resources to foster growth and attract new businesses.

Strategic Location and Transportation Infrastructure

Shallotte is strategically positioned with key logistical advantages for distribution and access to labor markets. Major highways such as U.S. Route 17 provide direct routes to Wilmington and Myrtle Beach, facilitating the movement of goods and services. The nearby Wilmington International Airport and Port of Wilmington enhance the city's connectivity, offering additional channels for trade and travel. These transportation assets make Shallotte an attractive location for businesses that require efficient logistics and supply chain operations.

Commercial Real Estate Inventory & Zoning

The commercial real estate landscape in Shallotte is characterized by a mix of submarkets, including the central business district (CBD) and emerging industrial corridors. Key asset classes in the area include:

Retail: Driven by tourism and local demand, with opportunities in shopping centers and standalone stores.
Industrial: Potential for warehouses and distribution centers due to strategic location.
Office: Growing demand for medical and professional office spaces.
Mixed-Use: Development opportunities in areas with favorable zoning and incentives.

Shallotte offers various incentives for developers, including opportunity zones and tax breaks. For detailed zoning information, the Brunswick County GIS and Mapping provides comprehensive maps and parcel viewers.

Major Employers and Institutions

Shallotte's commercial real estate demand is bolstered by major employers such as healthcare providers, retail chains, and educational institutions. Notable employers include:

Novant Health: A key player in the healthcare sector, driving demand for medical office spaces.
Brunswick Community College: Contributing to workforce development and educational facilities.
Local Government Centers: Providing stability and demand for office spaces.

For more information, refer to the Brunswick County Economic Development Directory.

Notable Commercial Developments & Projects

The city is witnessing several large-scale development projects, including mixed-use and commercial initiatives. The development of Innovation Parks and public-private partnerships aims to create vibrant business communities. Shallotte also benefits from designated Opportunity Zones, which offer tax incentives for investors. Detailed planning and project maps can be accessed through the Town of Shallotte Planning and Zoning.

Building Permits, Planning, and Development Tools

Developers and investors can access a range of tools to facilitate their projects:

Market Data & Economic Reports

For comprehensive market data and economic insights, explore public datasets such as the U.S. Census Bureau and the Brunswick County Open Data Portal. Brevitas leverages AI-powered aggregation from public data and internal insights to provide detailed market analyses. Explore Brevitas-powered dashboards for Shallotte here.