525 S Highway 64/264, Manteo, NC 27954

$749,500
List Price
$749,500
MLS#
117328
Status
ACTIVE
Type
Land
Property Type
Commercial

Property Description

X FLOOD ZONE WATERFRONT DEVELOPMENT OPPORTUNITY! 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 original parking lot, that is in an X flood zone, which overlooks Shallowbag Bay and the salt marshes.. Proformas 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 approximatley 74,791 sqft of buildable uplands(subject to verification), 1000' of canal frontage leading out to Shallowbag Bay, and 127' of sound frontage! The opportunities are endless! Other needs for the area are townhomes, multifamily, or single family homes, all of which could have access to the sound through the existing canal that adjoins the property.

Additional Information

Sewer
Municipal Sewer
View
Canal, Salt Marsh, Sound
Well
Municipal
Zip
27954
County
Dare

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Harrell & Associates.

Listed by Bobby Harrell

Copyright 2022 Outer Banks Association of REALTORS®. All rights reserved.

The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Outer Banks Association of REALTORS®. Real estate listings include the name of the brokerage firms and listing agents. Information is believed to be accurate but is not warranted. Copyrighted by Outer Banks Association of REALTORS®. All rights reserved.

Real estate listing held by brokerage firms other than Real Estate Company are marked with the Broker Reciprocity logoSM or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

This information is deemed reliable, but not guaranteed. Neither the Outer Banks Association of REALTORS®, nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information.