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112 N River Drive

Jarvisburg, NC 27947
  • $649,000
  • STATUS: Active
  • ON SITE: 204 Days
  • MLS #: 113522
UPDATED: 23 min ago
$649,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1960
County:

School Ratings & Info

Description

This is an excellent opportunity to take full advantage of the popularity of the OBX with vacationers and/or year-round tenants as well! The shortage of affordable housing and the option for less than a full week stay make this a a successful niche, AKA, "no brainer!" Currently the motel consists of 4 efficiencies, 5 single rooms and 3 double rooms. The property has room to expand occupancy to increase your rental income! Based on current high occupancy, notice is needed to see the interior of the rooms and serious interest is also required. Owner will share financials with a signed non-disclosure agreement. Contact Listing Broker for showing appointment and Confidentiality Agreement. No lockbox.

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© 2021 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Surf or Sound Realty. Data last updated: 2021-10-17T13:37:35.577.
www.surforsoundsales.com/homes/115507928
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112 N River Drive Jarvisburg, NC 27947

  • Price: $649,000
  • Status: Active
  • Updated: 23 min ago
  • MLS #: 113522
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1960
Built
Neighborhood:
Jarvisburg to Poplar Br.
County:
Currituck
Area:
Jarvisburg to Poplar Br.
Property Description
This is an excellent opportunity to take full advantage of the popularity of the OBX with vacationers and/or year-round tenants as well! The shortage of affordable housing and the option for less than a full week stay make this a a successful niche, AKA, "no brainer!" Currently the motel consists of 4 efficiencies, 5 single rooms and 3 double rooms. The property has room to expand occupancy to increase your rental income! Based on current high occupancy, notice is needed to see the interior of the rooms and serious interest is also required. Owner will share financials with a signed non-disclosure agreement. Contact Listing Broker for showing appointment and Confidentiality Agreement. No lockbox.
Exterior Features

Lot Size Dimensions 65340 Sf Waterfront Location None

Interior Features

Hotel Motel Sq Ft 4447

Property Features

Bank Owned YN No Business Name Sea Oats Motel Business Or Real Estate Bldg/Land Simple Commercial Type Hotel / Motel Current Use Hotel/Motel Gross Income Range Call Agent Percent Of Units Leased 100 Potential Short Sale No Tax Year 2020 Taxes 1192 Zoning Com

Listing courtesy of Joe Staten of Sun Realty - Duck.


© 2021 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Surf or Sound Realty. Data last updated: 2021-10-17T13:37:35.577.
 
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Surf or Sound Realty
NC Highway 12
Avon NC, 27915