Listing ID117328
Price$759,300
StatusActive
Acres
4.640
CountyDare
Property TypeLand
Property Sub TypeCommercial
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.
Listing ID
117328
Listing Price
$759,300
Flood Zone
AE, X
Approximate Lot SqFt
202118
Area
Manteo-S. of Airport Road
DOM
648
Cumulative DOM
648
Original Price
749500
Potential Short Sale
no
Bank Owned
no
Zoning
B-2
Waterfront Location
Soundfront
Water Frontage
127
View Description
Canal, Sound, Salt Marsh
Roads
Paved, Public
Ownership
Owned More than 12 Months
Financing Options
Cash, Conventional, Lot Loan
Acres
4.640
Street Frontage
321
Lot Description
Water Frontage, Cleared, Filled
Lot Faces
E, W
Sewer/Septic
Municipal Sewer
Electric
Available
Water
Municipal
Tax Year
2022
Taxes
5376.42
Association Fee
No - Restrictive Covenants May Apply
Listed by: Bobby Harrell from Harrell & Associates 252-473-7804.
© 2024 Outer Banks Association of Realtors®. All right reserved. The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Outer Banks Association of REALTORS®. Real estate listings include the name of the brokerage firms and listing agents. Information is believed to be accurate but is not warranted. Information provided is 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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Neither the Outer Banks Association of REALTORS® nor Spinnaker Realty shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.
© 2024 Outer Banks Association of Realtors®. All right reserved. The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Outer Banks Association of REALTORS®. Real estate listings include the name of the brokerage firms and listing agents. Information is believed to be accurate but is not warranted. Information provided is 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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Neither the Outer Banks Association of REALTORS® nor Spinnaker Realty shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.
Contact - Listing ID 117328
Holleay Parcker
Kitty Hawk, NC 27949
Phone: 252-207-1617
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