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525 S Highway 64/264

Manteo, NC 27954
  • $749,500
  • STATUS: Active
  • ON SITE: 206 Days
  • MLS #: 117328
UPDATED: 159 min ago
$749,500
  • 0
    BEDS
  • 4.64
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

X FLOOD ZONE WATERFRONT DEVELOPMENT OPPORTUNITY! Approximately 4.64 acres of waterfront commercial real estate located on the primary highway in Manteo. 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, as well as a mixed use project with commercial on the first floor and residential on the second and third floors. The parcel includes approximatley 74,791 sqft of buildable uplands(subject to verification), 1000' of canal frontage leading out to Shallowbag Bay, and 127' of sound frontage! The opportunities are endless! Other needs for the area are townhomes, multifamily, or single family homes, all of which could have access to the sound through the existing canal that adjoins the property.

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© 2022 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 Carolina Designs Realty. Data last updated: 2022-08-12T23:37:53.03.
www.obxsales.com/homes/124852589
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525 S Highway 64/264 Manteo, NC 27954

  • Price: $749,500
  • Status: Active
  • On Site: 206 Days
  • Updated: 159 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
X FLOOD ZONE WATERFRONT DEVELOPMENT OPPORTUNITY! Approximately 4.64 acres of waterfront commercial real estate located on the primary highway in Manteo. 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, as well as a mixed use project with commercial on the first floor and residential on the second and third floors. The parcel includes approximatley 74,791 sqft of buildable uplands(subject to verification), 1000' of canal frontage leading out to Shallowbag Bay, and 127' of sound frontage! The opportunities are endless! Other needs for the area are townhomes, multifamily, or single family homes, all of which could have access to the sound through the existing canal that adjoins the property.
Exterior Features

Lot Description ClearedFilledWater Frontage Lot Faces EW Roads PavedPublic Street Frontage 321 View Description CanalSalt MarshSound 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 2021 Taxes 5376.42 Water Municipal Zoning C

Listing courtesy of Bobby Harrell of Harrell & Associates: 252-441-7887.


© 2022 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 Carolina Designs Realty. Data last updated: 2022-08-12T23:37:53.03.
 
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Carolina Designs Realty
1197 Duck Road
Duck NC, 27949