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525 S Highway 64/264

Manteo, NC 27954
  • $759,300
  • STATUS: Active Under Contract
  • ON SITE: 1054 Days
  • MLS #: 117328
Under Contract
UPDATED: 44 min ago
$759,300
  • 0
    BEDS
  • 4.64
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

WATERFRONT DEVELOPMENT OPPORTUNITY! A LARGE PORTION IN X FLOOD ZONE Approximately 4.64 acres of waterfront commercial real estate located on the primary highway in Manteo, between Darrells Restaurant and the Christmas Shop. 321 feet of road frontage offers great visibility on the high traffic corridor of Roanoke Island. The parcel has been cleared except for the original parking lot, that is in an X flood zone, which overlooks Shallowbag Bay and the salt marshes.. Proformas have been prepared for a 40 and 60 room inn, also a previous buyer proposed 90 motel that appeared to fit the site. A mixed use project with commercial on the first floor and residential on the second and third floors should do well in the location. The parcel includes approximatEly 74,791 sqft of buildable uplands(subject to verification), 1000' of canal frontage leading out to Shallowbag Bay, and 127' of sound frontage! ENDLESS OPPORTUNITIES Other needs for the area are townhomes, multifamily, or single family homes(SKETCH PLAN ON FILE FOR 8 SINGLE FAMILY LOTS) all of which could have access to the sound through the existing canal that adjoins the property.

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© 2024 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: 2024-12-08T19:37:41.937.
www.surforsoundsales.com/homes/124852589
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525 S Highway 64/264 Manteo, NC 27954

  • Price: $759,300
  • Status: Active Under Contract
  • On Site: 1054 Days
  • Updated: 44 min ago
  • MLS #: 117328
0
Beds
0
Baths
0
½ Baths
4.64
Acres
Neighborhood:
None
County:
Dare
Area:
Manteo-S. of Airport Road
Property Description
WATERFRONT DEVELOPMENT OPPORTUNITY! A LARGE PORTION IN X FLOOD ZONE Approximately 4.64 acres of waterfront commercial real estate located on the primary highway in Manteo, between Darrells Restaurant and the Christmas Shop. 321 feet of road frontage offers great visibility on the high traffic corridor of Roanoke Island. The parcel has been cleared except for the original parking lot, that is in an X flood zone, which overlooks Shallowbag Bay and the salt marshes.. Proformas have been prepared for a 40 and 60 room inn, also a previous buyer proposed 90 motel that appeared to fit the site. A mixed use project with commercial on the first floor and residential on the second and third floors should do well in the location. The parcel includes approximatEly 74,791 sqft of buildable uplands(subject to verification), 1000' of canal frontage leading out to Shallowbag Bay, and 127' of sound frontage! ENDLESS OPPORTUNITIES Other needs for the area are townhomes, multifamily, or single family homes(SKETCH PLAN ON FILE FOR 8 SINGLE FAMILY LOTS) all of which could have access to the sound through the existing canal that adjoins the property.
Property Features

Assoc Fee YNOr Voluntary No - Restrictive Covenants May Apply Bank Or Institution Owned No Buyer Financing ConventionalCashLot Loan Electric Available Flood Zone AEX Lot Features ClearedFilledWaterfront Road Surface Type PublicPaved Sale Or Rent S Sewer Public Sewer Short Sale YN No Street Frontage 321 Tax Annual Amount 5376.42 Tax Year 2022 Type Commercial View CanalSoundSalt Marsh Water Frontage 127 Water Source Public Waterfront Features Soundfront Zoning B-2

Listing courtesy of Bobby Harrell of Harrell & Associates: .


© 2024 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: 2024-12-08T19:37:41.937.
 
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NC Highway 12
Avon NC, 27915