Skip To Content

    46232 Old Lighthouse Rd.

    Buxton, NC 27920
    • $495,000
    • STATUS: Active
    • ON SITE: 25 days
    • MLS #: 115077
    UPDATED: 58 min ago
    $495,000
    • 0
      BEDS
    • 0.84
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1970
    County:

    School Ratings & Info

    Description

    RIDE THE WAVE AT THE LEGENDARY SURF MOTEL - 12 unit rental property with a gross rental return on investment of approx. 24% annually. All-new low pressure septic system serves the brick building on the left with the washer/dryer room. Property consists of 3 separate red-brick accommodations buildings, a one-bedroom upstairs apartment, central coin-op laundry between the duplex units and a 12 x 60 2 bed/1 bath mobile home across rear of the land. 8 efficiencies and 3 separate wooden storage building. Seller/Trustee is an active NC Real Estate Broker on active status.

    Monthly Payment Calculator



    © 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: 2021-07-30T23:37:36.927.
    www.surforsoundsales.com/homes/118987803
    Print Image

    46232 Old Lighthouse Rd. Buxton, NC 27920

    • Price: $495,000
    • Status: Active
    • Updated: 58 min ago
    • MLS #: 115077
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.84
    Acres
    1970
    Built
    Neighborhood:
    Buxton Oceanside
    County:
    Dare
    Area:
    Buxton Oceanside
    Property Description
    RIDE THE WAVE AT THE LEGENDARY SURF MOTEL - 12 unit rental property with a gross rental return on investment of approx. 24% annually. All-new low pressure septic system serves the brick building on the left with the washer/dryer room. Property consists of 3 separate red-brick accommodations buildings, a one-bedroom upstairs apartment, central coin-op laundry between the duplex units and a 12 x 60 2 bed/1 bath mobile home across rear of the land. 8 efficiencies and 3 separate wooden storage building. Seller/Trustee is an active NC Real Estate Broker on active status.
    Exterior Features

    Construction Masonry Foundation Masonry Lot Description Level Lot Faces East Lot Size Dimensions 130'+/- X 280'+/- Parking Garage 1-25 SpacesPaved Roads PavedPublic Roof Asphalt/Fiber Shingle Street Frontage 130 View Description OceanPark Serv./PreservePondSoundSalt Marsh Waterfront Location More Than 5th Row

    Interior Features

    Air Conditioning Heat PumpWindow Unit(S) Floor Covering CarpetVinyl Heating BaseboardHeat Pump Hotel Motel Sq Ft 7403 Insulation Yes

    Property Features

    Bank Owned YN No Business Name Surf Motel Business Or Real Estate Bus/ Bldg/ Lf Simple Commercial Type Hotel / Motel Documents On File As-Built SurveyDeedLead Based Pt. Dis.Recorded PlatRes. Prop. Dis.Septic Permit Financing Options CashCommercial Flood Zone Ae Gross Income Range $100001 - $200000 Percent Of Units Leased 12 Possession At Closing Potential Short Sale No Property Features DumpsterStorage Building Sewer Septic Community Septic Tax Year 2020 Taxes 2817 Tenant Pays CableElectricWater Water Municipal Water Zoning C-2

    Listing courtesy of Daniel Couch of Vacasa North Carolina Dba Vacasa - Avon.


    © 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: 2021-07-30T23:37:36.927.
     
    https://bt-photos.global.ssl.fastly.net/obxmls/orig_boomver_1_115077-2.jpg https://bt-photos.global.ssl.fastly.net/obxmls/orig_boomver_1_115077-2.jpg https://bt-photos.global.ssl.fastly.net/obxmls/orig_boomver_1_115077-2.jpg
    Logo
    Surf or Sound Realty
    NC Highway 12
    Avon NC, 27915