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4222 Croatan - Nags Head Land Lot

8.7 Acres of Residential Land Offered at £2,863,506 in Nags Head, NC 27959

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Investment Highlights

Heavy traffic along South Croatan Highway, the major thoroughfare through Nags Head.
More than 1,200 feet of frontage along South Croatan Highway provides great exposure to tourist traffic.

Walking distance to the beach on both sides, near Jockeys Ridge State Park, and Outer Banks Mall.
Fantastic opportunity for one of the few large developable tracts in the Nags Head market.

Executive Summary

One of the last large developable tracts remaining on Croatan Hwy in Nags Head. Sale is subject to denomination approval process of the owner. Current zoning allows for Medium Density Residential (R-2). The R-2 medium-density residential district is intended to encourage the development of moderate-density residential neighborhoods that serve as a transition zone between the low-density area and more intensely developed areas. Structures in this district adjacent to the Atlantic Ocean are encouraged to be smaller in scale and designed to be adaptable to changing conditions. Next to the home of the East Coast's tallest dune, this Outer Banks park offers hang gliding, hiking & more.
Seller is open to all proposals but special consideration may be given to projects that involve the development of affordable or work force housing. Contact Mack King for more details.
Per current zoning site can possibly fit up to 16 single family home sites. No sewer along Croatan Hwy so septic will need to be accounted for in development plan.

Taxes & Operating Expenses (Actual - 2022) Click Here to Access	Annual	Annual Per AC
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99

Taxes & Operating Expenses (Actual - 2022) Click Here to Access

Taxes
Annual	-
Annual Per AC	-

Operating Expenses
Annual	-
Annual Per AC	-

Total Expenses
Annual	$99,999
Annual Per AC	$9.99

Property Facts Under Contract

Price	£2,863,506	Property Type	Land
Sale Type	Owner User	Property Subtype	Residential
No. Lots	1	Total Lot Size	8.70 AC

Price	£2,863,506
Sale Type	Owner User
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	8.70 AC

1 Lot Available

Lot

Price	£2,863,506	Lot Size	8.70 AC
Price Per AC	£329,139

Price	£2,863,506
Price Per AC	£329,139
Lot Size	8.70 AC

Large flat developable tract on prime beach highway frontage. Zoned R2 currently. Buyers to secure acceptable rezoning if needed.

Description

Gorgeous sound side land property in Nags Head, NC. One of the last large developable tracts remaining on Croatan Hwy in Nags Head. This plot of lands sits on Nags heads most traveled on road and is within walking distance on both sides of the beach. It is perfectly located close to the beach front, the famous Jockey's Ride State park (home of the East Coast's tallest dune, this Outer Banks park offers hang gliding, hiking & more), and one of the biggest shopping centers in Nags Head. Fantastic opportunity for investors that is sure to go quick!

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