Birmingham Business Journal’s Post

~4,000 sf Office/Retail in Whiteville Professional District FOR SALE! This 4,076 sf building offers excellent storefront visibility and signage on S Lee Street, just south of the W Columbus Street intersection and one block off JK Powell Blvd (Hwy 701 Bypass) and N Madison Street (Hwy 701 Business). Currently arranged with a reception area, several office and storage areas, conference rooms and small warehouse area in the elevated rear, with limited truck access via an existing dock high door for loading and unloading inventory, this building could be opened up and configured in any number of ways for alternative uses to the current office layout. Conference room previously had a roll-up door, which has been walled off. Originally constructed and occupied by Brunswick Electric, then leased by Head Start for 35 years, this building has great bones in a strategic downtown Whiteville location. Located in an Opportunity Zone and a NC Main Street Community, this property neighbors the new 101,000 sf Truist Regional Headquarters, home to over 500 employees and honored with Cape Fear CREW's Economic and Community Enhancement Award in 2021. Columbus County purchased the former BB&T building, across Columbus Street from this property, along with the paved parking lot adjacent to this building, for county offices and an Entrepreneurship Center to support small business. The 19,000 sf building adjacent to this property, former home of The News Reporter printing and publishing operations, was purchased by the City of Whiteville and is undergoing renovations to house Provalus, a company new to Whiteville that will create approximately 200 IT support positions over the coming years. Nearby Columbus Regional Healthcare branded the Center for Robotic Surgery, 'one of the highest volume and most experienced robotic surgical programs in southeastern North Carolina'. Equidistant to the North Carolina communities of Shallotte, Wilmington, Fayetteville, and Myrtle Beach, SC. Downtown Whiteville continually undergoes a comprehensive revitalization process, placing this property in the center of growing business community with an eye towards historical renovation and restoration. As published in The Border Belt Independent "Throughout 2023, Columbus County Commissioners paved the way for more than 10,000 new homes, which would bring at least 25,000 more residents to this county along the South Carolina border over the next two decades. Developers have pushed to make southern Columbus County the next housing hotspot amid overflowing growth in Brunswick County to the east and Horry County to the south, just over the state line." Roof is approximately 12 years old. HVAC is four years old. https://lnkd.in/d7XkYvGS

This property presents an exceptional opportunity, featuring a unique LRHI zoning, which is quite remarkable. The warehouse on the premises has been significantly upgraded, boasting enhanced electrical systems and comprehensive insulation, ensuring a highly efficient and functional space. As an added advantage, the property includes a residential feature - a comfortable 3-bedroom, 2-bathroom house, which adds a layer of versatility and convenience to this offering. Situated on a substantial lot that spans 54,587 square feet, this property provides ample space, making it an ideal choice for either an investor looking for a lucrative income property or an owner-user who can benefit from the expansive area. The size of the lot is particularly advantageous, as it offers abundant room for further development. This could include the addition of extra warehouse space or the construction of various workshops, depending on the new owner's requirements and aspirations. The combination of the upgraded warehouse, the additional residential dwelling, and the vast amount of land makes this property a rare find. It is perfectly suited to accommodate a variety of needs, whether it's for business operations, rental income, or personal use, all while offering the potential for future expansion and customization. https://lnkd.in/gRdeNPJK Roy Belson Senior Vice President RE/MAX ONE COMMERCIAL DRE#01345852 M.818.620.2020

GLA goes beyond the tenant's space, including basements, mezzanines, or upper floors that a tenant can potentially utilize. Learn how this affects commercial real estate rent calculations and the difference from Net Rentable Area. Read the full blog for insights into commercial property leasing: https://lnkd.in/dTCk668y

For both industrial real estate owners and tenants, managing costs is top of mind in the current market, while for tenants, a key challenge is finding suitable space in a tight market. These are among the conclusions to be drawn from a cross-section of SIOR industrial brokers who Connect CRE sounded out recently.

Austin Update! Unveiling the freshest in Austin real estate and construction - including a mouth-watering Texas Roadhouse in Leander and the much-anticipated 'Wishbone' Bridge. Plus, we spotlight a stylish ADU setting the standard for Austin living. Thinking of buying, selling, or just love keeping up with Austin’s dynamic market? Dive into our latest blog post for the full rundown. Visit the link below! #AustinGrowth #PropertyTrendsATX https://lnkd.in/gR8TcwhM

A challenge that one of our Landlords faced: ➡️Previous tenants left 1.5 skips worth of rubbish in the loft ➡️Walls and doors were damaged with drawings ➡️All carpets were removed ➡️Kitchen cabinets were partially dismantled and handles damaged Result: An unrentable property and a stressed landlord. Our solution: ➡️Offered an interest-free refurbishment loan ➡️Deployed our in-house maintenance team ➡️Completed full renovation in just 2 weeks The property was ready for new tenants, minimising void periods and maximizing the landlord's investment. Have you ever faced a similar challenge with your rental property? #PropertyManagement #LandlordSolutions #RentalRenovation #Harlow

Check out the latest commercial real estate transactions roundup below. Coldwell Banker Commercial Atlantic Harbor Commercial Partners, LLC #commercialrealestate #realestate #CRE #charlestonrealestate #southcarolina

A minimum offer of $7 million is sought for the corner property, which sits between two prominent development projects. To read the full article, head to:  https://lnkd.in/eFMQheFE For more Mid-Atlantic commercial real estate news, follow us on LinkedIn. To learn more about Philadelphia Real Estate Council visit https://precouncil.org/  #realestatenews  #PREC  #realestate  #philadelphiarealestate  #CommercialRealEstate  #CRE  #RealEstateInvesting  #IndustrialProperty  #PropertyManagement  #InvestmentProperty  #CommercialProperty  #AssetManagement  #CommercialBrokerage  #PropertyInvestment  #PropertyPortfolio  #CREIndustry  #PropertyValues  #CommercialRealtor  #RealEstateMarket

Our latest blog delves into the current state of commercial real estate in Westchester, NY, examining trends, opportunities, and challenges shaping the market.

"Lease PENN 2 with Vornado and Cushman & Wakefield: Your Top Commercial Real Estate Solution" Read the full article below..