The property consists of a 1,600 sf stand-alone retail building on a .24 corner acre lot. Primarily stick-built, the property has been recently updated & is in good condition. Great visibility & access, with a nearby signaled intersection at Village Rd & S Navassa Rd, make this a central location for Brunswick County. The town of Leland recently adopted a new Gateway Rezoning Plan. Consequently, the property was rezoned to T4 General Urban Open. T4 GUO is a mixed-use district for live-work spaces, duplexes, & townhomes, which will allow for more opportunities in the area for new residents & development.

This fairly small stand-alone building on a corner lot is very rare for this area. These properties are almost 100% developed & the majority by national franchises, such as fast food or convenience stores. Because of this, there are few legitimate comparables for locations that are not as well placed or desirable. All comparables included should be viewed as 20-50% less valuable because of the less advantageous locations & redevelopment potential. This property is also bordered by another approximately .25 acre NCDOT property. Due to its shape, the parcel being considered unbuildable for another owners or use. Therefore, NCDOT has agreed to donate or sell for a minimal price to the offered property. This would make the parcel for the subject property 0.50± acres in total.