25478 Nc 12 Highway , Lots 1+2+3

    Waves, NC 27982
    • $550,000
    • STATUS: Active
    • ON SITE: 296 days
    • MLS #: 103049
    UPDATED: 3 min ago
    $550,000
    • 0
      BEDS
    • 4.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1936
    County:

    School Ratings & Info

    Description

    SOUND FRONT DEVELOPMENT PROPERTY...4.34+/- AC ...(3) LARGE PARCELS ... 200+/- FT.. WIDE NC HWY 12....WAVES NC 27982....SEE PRELIMINARY SITE PLAN..$15M -$20M+/- Sale Potential....25% +/- CAP ...$$ ROI.....CALL BROKER....CAN BUILD TO SUIT... (10) 5 BR TOWN HOUSE..+... (30) 3 BR CONDOS......LOCAL PROPERTY MANAGEMENT AVAILABLE ....OPPORTUNITY IS KNOCKING ...HIGH TRAFFIC...RESORT AREA....(7,000 daily avg...2.5+million yr).....Less Than $14K Unit Land Cost... 40 Units... $2.19 sq ft Land includes 3 BR HOUSE IS FREE (about 1/2 $$ Comps).....OCEAN ACCESS ...FOOT STEPS... ACROSS NC 12....NEARBY WATER FRONT RESORTS... SOLD-OUT....KITTY HAWK KITES ..+.. REAL WATER SPORTS RESORT..+..NEARBY KOA CAMPGROUND & CAMP HATTERAS RV RESORT....Seller Financing $400,000 Cash @ Close....BELOW MARKET ... $$ VALUE $753,175 (5/5/2019)...SEE ATTACHED CMA.....S1 ZONING ..= ..ALL USES PERMITTED ...5 STORIES 52 FT HIGH....RESIDENTIAL 30% ...LOT COVERAGE (56,715+/- sq ft)...COMMERCIAL 60%.. LOT COVERAGE (113,430+/- sq ft)....NO HOA ....NO DEED RESTRICTIONS....AE8 FLOOD ZONE....ALL USES PERMITTED RESIDENTIAL & COMMERCIAL..EASY TO DEVELOP ...Can Subdivide (6-18)+/- Sound Front Lots ...or....WATER FRONT RESORT...TOWNHOUSES ...+ ...CONDOS" ..+.... HOMES ..or...HOTEL.. RV RESORT...IT'S ALL ABOUT THE SIZE LOT... 4.34+/- Ac ..=.. Largest Sound Front Lot..NC 12 OBX..=.. 189,240+/- SQ FT LAND...LOCAL PROPERTY MANAGEMENT AVAILABLE + AirBnb + VRBO... ......PLEASE QUALIFIED BUYERS ONLY WITH PROOF OF $$ FUNDS TO CLOSE....CALL BROKER....Tenant in Place $1,000 mo - mo+......EASY TO DEVELOP.....OR.....CAN BUILD TO SUIT.....MULTIPLE (1- 20+/- Homes...5-24+/- Br Each ) .....CAN BUILD SIMILAR TO BLACK DOG SUBDIVISION IN SALVO...SOUND FRONT HOMES/RESORT ...Destination Vacation Event Homes/ Resort ...Highest Rental $ Income...Weddings.....Corporate Events ...Family- Reunions...Restaurant/ Banquets.....Water Front Resort.....etc, etc ...CALL BROKER CAN HELP YOU ...Design + Develop + Build + Sell + Local Property Manage

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    © 2019 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: 2019-10-21T13:37:42.223.
    www.surforsoundsales.com/homes/90395348

    25478 Nc 12 Highway , Lots 1+2+3 Waves, NC 27982

    • Price: $550,000
    • Status: Active
    • Updated: 3 min ago
    • MLS #: 103049
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.34
    Acres
    1936
    Built
    Neighborhood:
    Waves Soundside
    County:
    Dare
    Area:
    Waves Soundside
    Property Description
    SOUND FRONT DEVELOPMENT PROPERTY...4.34+/- AC ...(3) LARGE PARCELS ... 200+/- FT.. WIDE NC HWY 12....WAVES NC 27982....SEE PRELIMINARY SITE PLAN..$15M -$20M+/- Sale Potential....25% +/- CAP ...$$ ROI.....CALL BROKER....CAN BUILD TO SUIT... (10) 5 BR TOWN HOUSE..+... (30) 3 BR CONDOS......LOCAL PROPERTY MANAGEMENT AVAILABLE ....OPPORTUNITY IS KNOCKING ...HIGH TRAFFIC...RESORT AREA....(7,000 daily avg...2.5+million yr).....Less Than $14K Unit Land Cost... 40 Units... $2.19 sq ft Land includes 3 BR HOUSE IS FREE (about 1/2 $$ Comps).....OCEAN ACCESS ...FOOT STEPS... ACROSS NC 12....NEARBY WATER FRONT RESORTS... SOLD-OUT....KITTY HAWK KITES ..+.. REAL WATER SPORTS RESORT..+..NEARBY KOA CAMPGROUND & CAMP HATTERAS RV RESORT....Seller Financing $400,000 Cash @ Close....BELOW MARKET ... $$ VALUE $753,175 (5/5/2019)...SEE ATTACHED CMA.....S1 ZONING ..= ..ALL USES PERMITTED ...5 STORIES 52 FT HIGH....RESIDENTIAL 30% ...LOT COVERAGE (56,715+/- sq ft)...COMMERCIAL 60%.. LOT COVERAGE (113,430+/- sq ft)....NO HOA ....NO DEED RESTRICTIONS....AE8 FLOOD ZONE....ALL USES PERMITTED RESIDENTIAL & COMMERCIAL..EASY TO DEVELOP ...Can Subdivide (6-18)+/- Sound Front Lots ...or....WATER FRONT RESORT...TOWNHOUSES ...+ ...CONDOS" ..+.... HOMES ..or...HOTEL.. RV RESORT...IT'S ALL ABOUT THE SIZE LOT... 4.34+/- Ac ..=.. Largest Sound Front Lot..NC 12 OBX..=.. 189,240+/- SQ FT LAND...LOCAL PROPERTY MANAGEMENT AVAILABLE + AirBnb + VRBO... ......PLEASE QUALIFIED BUYERS ONLY WITH PROOF OF $$ FUNDS TO CLOSE....CALL BROKER....Tenant in Place $1,000 mo - mo+......EASY TO DEVELOP.....OR.....CAN BUILD TO SUIT.....MULTIPLE (1- 20+/- Homes...5-24+/- Br Each ) .....CAN BUILD SIMILAR TO BLACK DOG SUBDIVISION IN SALVO...SOUND FRONT HOMES/RESORT ...Destination Vacation Event Homes/ Resort ...Highest Rental $ Income...Weddings.....Corporate Events ...Family- Reunions...Restaurant/ Banquets.....Water Front Resort.....etc, etc ...CALL BROKER CAN HELP YOU ...Design + Develop + Build + Sell + Local Property Manage
    Exterior Features

    Construction Frame Foundation Piling Lot Description LevelWater FrontageWooded Parking Garage 51-100 SpacesOff Street Roads PavedPublic Roof Asphalt/Fiber Shingle View Description SoundSalt Marsh Waterfront Location Soundfront

    Interior Features

    Insulation Yes

    Property Features

    Bank Owned YN No Business Or Real Estate Bldg/Land Simple Commercial Type Other Documents On File Land Survey Financing Options CashCommercialOwner Finance 1st Flood Zone Ae Gross Income Range Call Agent Possession At Closing Potential Short Sale No Sewer Septic Private Septic Tax Year 2017 Taxes 6672 Water Municipal Water Zoning S-1

    Listing courtesy of Frank Jakob of Cape Hatteras Realty & Const..


    © 2019 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: 2019-10-21T13:37:42.223.
     
    Surf or Sound Realty
    NC Highway 12
    Avon NC, 27915