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525 S Hwy 64 - Former Weeping Radish Tract

4.6 Acres of Commercial Land Offered at £601,616 in 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 £601,616 Property Type Land
Sale Type Investment Property Subtype Commercial
Sale Conditions
Design & Build
  • Tenants option to buy property
  • Development Sale
 Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Hospitality
  • Apartment Units
  • Apartment Units - Condo
  • Bank
  • Carwash
  • Convenience Store
  • Daycare Centre
  • 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 Centre
No. Lots 1 Total Lot Size 4.60 AC
Price £601,616
Sale Type Investment
Sale Conditions
Design & Build
  • Tenants option to buy property
  • Development Sale
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 Centre
  • 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 Centre
Total Lot Size 4.60 AC

1 Lot Available

Lot

Price £601,616 Lot Size 4.60 AC
Price Per AC £130,786
Price £601,616
Price Per AC £130,786
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 £13,232
Land Assessment £557,801 Total Assessment £571,032

PROPERTY TAXES

Parcel Number
025715000
Land Assessment
£557,801
Improvements Assessment
£13,232
Total Assessment
£571,032

zoning

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

Contact

  • Listing ID: 15107517

  • Date on Market: 07/02/2019

  • Last Updated:

  • Address: 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.

Nearby Listings

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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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