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525 S Highway 64/264

Manteo, NC 27954
  • $759,300
  • STATUS: Active
  • ON SITE: 859 Days
  • MLS #: 117328
$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 Brindley Beach Vacations & Sales. Data last updated: 2024-05-26T22:37:51.13.
www.brindleyobxsales.com/homes/124852589
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525 S Highway 64/264 Manteo, NC 27954

  • Price: $759,300
  • Status: Active
  • On Site: 859 Days
  • 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.
Exterior Features

Lot Description Water FrontageClearedFilled Lot Faces EW Roads PavedPublic Street Frontage 321 View Description CanalSoundSalt Marsh Water Frontage 127 Waterfront Location Soundfront

Property Features

Association Fee YN No - Restrictive Covenants May A Bank Owned YN No Documents On File Land SurveyRecorded Plat Electric Available Estimated Annual Fee 0 Financing Options CashConventionalLot Loan Flood Zone AEX Land Type Commercial Possession Closing Potential Short Sale No Sewer Septic Municipal Sewer Tax Year 2022 Taxes 5376.42 Water Municipal 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 Brindley Beach Vacations & Sales. Data last updated: 2024-05-26T22:37:51.13.
 
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