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525 S Hwy 64 - Former Weeping Radish Tract

4.6 Acres of Commercial Land Offered at $759,300 in Manteo, NC 27954

Commercial Land North Carolina Manteo 525 S Hwy 64, Manteo, NC 27954

Investment Highlights

  • High Visibility!
  • Development Opportunity
  • Waterfront

Executive Summary

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 pre-exhisting parking lot lots. Pro formas 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 approximately 2 acres of buildable uplands, 1000' of canal frontage leading out to Shallowbag Bay and 127' of sound frontage!

Property Facts Under Contract

Price $759,300 Property Type Land
Sale Type Investment Property Subtype Commercial
Sale Conditions
Build to Suit
  • Lease Option
  • Redevelopment Project
 Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Hospitality
  • Apartment Units
  • Apartment Units - Condo
  • Bank
  • Carwash
  • Convenience Store
  • Daycare Center
  • Drugstore
  • General Freestanding
  • Healthcare
  • Hold For Development
  • Hold For Investment
  • Hotel
  • Medical
  • Office Park
  • Religious Facility
  • Restaurant
  • Single Family Development
  • Storefront
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
  • Strip Center
No. Lots 1 Total Lot Size 4.60 AC
Price $759,300
Sale Type Investment
Sale Conditions
Build to Suit
  • Lease Option
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Hospitality
  • Apartment Units
  • Apartment Units - Condo
  • Bank
  • Carwash
  • Convenience Store
  • Daycare Center
  • Drugstore
  • General Freestanding
  • Healthcare
  • Hold For Development
  • Hold For Investment
  • Hotel
  • Medical
  • Office Park
  • Religious Facility
  • Restaurant
  • Single Family Development
  • Storefront
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
  • Strip Center
Total Lot Size 4.60 AC

1 Lot Available

Lot

Price $759,300 Lot Size 4.60 AC
Price Per AC $165,065
Price $759,300
Price Per AC $165,065
Lot Size 4.60 AC

Description

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 pre-exhisting parking lot lots. Pro formas 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 approximately 2 acres of buildable uplands, 1000' of canal frontage leading out to Shallowbag Bay, 127' of sound frontage, and approximately $100k in municipal water and sewage credits. The opportunities are endless!

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525 S Hwy 64, Manteo, NC - aerial map view

PROPERTY TAXES

Parcel Number 025715000 Improvements Assessment $16,700
Land Assessment $704,000 Total Assessment $720,700

PROPERTY TAXES

Parcel Number
025715000
Land Assessment
$704,000
Improvements Assessment
$16,700
Total Assessment
$720,700

zoning

Zoning Code B-2
B-2
(252) 473-7804

Contact

  • Listing ID: 15107517

  • Date on Market: 2/7/2019

  • Last Updated:

  • Address: 525 S Hwy 64, Manteo, NC 27954

More public record information on 525 S Hwy 64, Manteo, NC 27954

The Land Property at 525 S Hwy 64, Manteo, NC 27954 is currently available for sale. Contact Harrell & Associates for more information.

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525 S Hwy 64, Manteo, NC for sale Aerial- Image 1 of 12
Weeping Radish Aerial - NEW
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525 S Hwy 64 - Former Weeping Radish Tract
(252) 473-7804 x

525 S Hwy 64 - Former Weeping Radish Tract

Bobby Harrell

(252) 473-7804

(252) 473-7804

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