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715 W Fort Macon Rd
Atlantic Beach, NC 28512

Land For Sale · 4.40 AC

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Hospitality
  • Apartment Units - Condo
Total Lot Size 4.40 AC

Description

A unique opportunity to build up to 84 condominiums within an existing development at Atlantic Beach, North Carolina. This project replaces 14 demolished buildings within the pre-existing footprint. Streets, parking, sewer system, direct beach access to private ocean beach, 2 outdoor pools, 1 indoor pool, playground, plus other amenities galore are already in place. Total estimated value of all amenities and infrastructure is $2.2MM. You only have to build the buildings, which can be built in phases to limit your financial exposure. Permitting should be simple to re-create this highly profitable venture. City officials and the existing development will welcome this project. From Atlantic Beach, go west to Peppertree Resort. Property is on the left side of development. Cleared lots with pool and tennis

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6375.15.63.7422000
Land Assessment
$515,000
Improvements Assessment
$170,104
Total Assessment
$685,104

zoning

Zoning Code RS
RS
  • Listing ID: 3960567

  • Date on Market: 9/24/2016

  • Last Updated:

  • Address: 715 W Fort Macon Rd, Atlantic Beach, NC 28512

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