KC's Mini Storage and Chadwick Retail Center Listing Details & Market Data

688 Hwy 70 Otway, Beaufort, NC 28516

  • For Sale $4,100,000
  • Property Type Industrial - Storage
  • Property Size 44,700 SF
  • Units 115
  • Lot Size 5.11 Acre
  • Year Renovated 2022
  • Date Updated Feb 9, 2024
  • HVAC None
Beaufort, NC is the County Seat of Cateret County, and located in the Crystal Coast area of North Carolina. Named "America's Favorite Town" by Travel and Leisure magazine, Beaufort offers a small, coastal town feel, with beaches, shops and restaurants located along its banks. Along with the towns of Atlantic Beach and Morehead City, these top tourism destinations in the Southern Outer Banks area are seeing significant growth in full-time residents. The historic Cape Lookout lighthouse and Shackleford Island, famous for spectacular shelling and viewing of the wild horses that live there, are just a short boat ride away. Beaufort, NC is approximately 10 miles away from Morehead City, 41 miles southeast of New Bern, and 47 miles east of Jacksonville. Local area has a flood zone designation of AE. Buyer to verify.KC's Mini Storage and Chadwick Retail Center, located at 688 Hwy 70 Otway, in Beaufort, NC, is a standard unit facility offering 106 storage units with 18,000 +/- RSF and 10 retail/office spaces with another 26,700 +/- RSF for a total of 44,700 +/- RSF. An ATM, located on the property, brings in additional rental income. There is an opportunity for expansion on the 5.11 +/- acre parcel (buyer to verify) and the seller will entertain requests to purchase an adjacent 1.03 +/- acre parcel. There is no zoning in the area, but further development of the property would need to comply with the Down East Conservation Ordinance and other requirements. Buyer to verify. Carteret County has seen an overall population increase of 2.5% between April 1, 2020 and July 1, 2022 according to the US Census. Picturesque Beaufort, the county seat, has benefited from that growth, welcoming new families and businesses to its beautiful coastline. Its largest industry is tourism, with a strong fishing industry that sustains the popular seafood restaurants in the area. The Beaufort, NC area is not only a great place to visit, but many are discovering that the coastal and waterfront living, agreeable climate, and diverse economy make this a great place to call home.

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Highlights

  • Multiple Office and Retail Spaces
  • Tenants Include On-Site ATM and Automotive Service Center
  • Room for Expansion
  • Seller Will Entertain Sale of Adjacent Parcel
  • New Owners Will Benefit from the Attractive Renovations Completed in May 2023
  • Located at One of the Area's Busiest Intersections and Access to Harkers Island

Contacts

broker

Hal H. Tanner III

Midcoast Properties

(919) 922-5757

Location

Getting Around

  • Walk Score ®

    Car-Dependent (23)
  • Bike Score ®

    Somewhat Bikeable (36)
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  • City Beaufort, NC
  • Neighborhood Otway
  • Zip Code 28516

Points of Interest

  • Speedway

    5.47 miles

  • Speedway

    9.37 miles

  • Beaufort Elementary School Bus Parking

    5.94 miles

  • Beaufort Elementary School

    5.99 miles

  • Portside Marina

    9.72 miles

  • Food Lion

    5.32 miles

  • Rose Seafood Market

    5.76 miles

  • CGX

    8.89 miles

  • Coast Guard Exchange

    8.89 miles

Contact Listing Broker

broker

Hal H. Tanner III

Midcoast Properties

(919) 922-5757