$ 759,300
525 S Highway 64/264 Manteo, NC 27954
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 759,300
Est. payment /mo
Under Contract
525 S Highway 64/264 Manteo, NC 27954
4.64 Acres Lot
UPDATED:
08/12/2024 01:35 PM
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 117328
Annual Tax Amount $5,376
Tax Year 2022
Lot Size 4.640 Acres
Acres 4.64
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.
Location
State NC
County Dare
Area Manteo-S. Of Airport Road
Zoning B-2
Exterior
Waterfront Description Soundfront
View Canal, Salt Marsh, Sound
Building
Lot Description Water Frontage, Cleared, Filled
Sewer Municipal Sewer
Water Municipal
Others
Financing Cash,Conventional,Lot Loan
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Listed by Bobby Harrell • Harrell & Associates