$1,750,000
( $315.88Per Sq Foot )
 $9,394 forsale estimated payment Sourced by Back At You

500 Arendell Street , Morehead City, NC 28557

Morehead City, NC 28557

Sharewithfriend

Description

Downton Morehead City Bed & Breakfast, On the Crystal Coast with Panoramic Water Views and Unlimited Possibilities for Expansion... This is a unique opportunity to acquire a solid income-producing building, originally built in 1904, as the ''Tide Water and Power Building''. Redesigned, re-engineered, repurposed, meticulously restored, and rebuilt since 2004, as a ''Fortified Structure'' (capable of withstanding a CAT 5 Forces). The building has been engineered and built for multiple floor additions up to 70 ft, with 5 more rental units and event space already planned. The building has two, 2 car garages for off-street parking, as well as ample street parking on two sides. There are three residential living spaces within the building making it the perfect owner-occupied Bed & Breakfast opportunity. The rental and event income possibilities are extensive. Location - Location - Location on the corner of N 5th Street and Arendell St. (Hwy 70 West), overlooking the historic waterfront Business District, and within walking distance to some of the best premier restaurants, bars, shops, boutiques, and the famous fishing fleets of the Crystal Coast. Downtown Morehead City is a vibrant destination that offers something for everyone. From its charming streets lined with unique shops and boutiques to its picturesque waterfront, there are plenty of reasons to visit, experience, enjoy living, and doing business in the magic of a growing Downtown Morehead City.

Details

Mls100475292
Listing TypeFor Sale
SubtypeResale
StatusActive
Year1920
Days On Site33
Listing Provided ByKeller Williams Realty | ROSS BEEBE

Features

Sq Feet5,540
ZoningDB
Acreage0.08
Property ViewMarina, Ocean, Sound View, Water

Market Activity 28557

Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.

Request A Showing

Request A Showing

Loading Form
Listings Checked: 45 seconds ago
StateNC
CountyCarteret
CityMorehead City
Zip Code28557
AreaCarteret
Community NameVillage West
Listing VS Median (in Village West)
Price:
$1,750,000
low | high
Med:
$812,000
100% of Average
SqFt:
5,540
low | high
Med:
1,887
100% of Average
$ / SqFt:
$316
low | high
Med:
$430
13.775304716481% of Average
On Site:
33
low | high
Med:
121.000000
27.272727272727% of Average
Sourced by Back At You
Listing Updated: November 26, 2024 at 8:58:45 AM PST