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MLS# 93721: FALCON MOTEL 35 UNITS + HOME

46854 NC Highway 12 BUXTON, NC 27920
Area: 
Type: 
: Commercial
Waterfront: 
Canalfront
Asking Price: 
1,599,000

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Marcia Parrott
Senior Associate Broker
Cell: 252-202-3354
Office: 888-364-9144

THE FALCON MOTEL (formerly Croatoan Inn) IS FOR SALE. SUCCESSFUL BUSINESS WITH WITH PROPERTY. INCLUDES 3 ADDITIONAL PARCELS. PARCEL 1 HAS RESIDENCE.

PARCEL 2 HAS ROOM FOR EXPANSION. PARCEL 3 CANALFRONT. PARCEL 4 35 UNIT MOTEL WITH OFFICE AND POOL. CANALFRONT WITH OWNER'S RESIDENCE.

SOME FINANCES BY REQUEST. FALCON NOT OPENED IN 2016. 2015 HAS BEEN KIND TO ALL BUSINESS OWNERS ON HATTERAS ISLAND. RECEIPTS BY FORMER OWNERS (EARLY 2000's WERE $450K TO NEAR $500K. FORECLOSED ON BY YADKIN AND DEEDE 7/12/2016.

INCREDIBLE LOCATION FOR MOTEL BUSINESS. CLOSET NIGHTLY ACCOMMODATIONS TO LIGHTHOUSE AND CAPE POINT FISHING. I AM ALMOST THINKING THAT THE FALCON DUE TO ITS INCOMPARABLE LOCATION MIGHT BE A DEVELOPERS DREAM. CONDOS, TIME SHARE, EVEN ADDITIONAL ROOMS.

UNIT BUILDING NEAR TO NC 12 UNDER RENOVATION. SELLER WAS THINKING OF COFFEE SHOP BAKERY TYPE ADDITION.

Area
Buxton Soundside
Waterfront
Canalfront
Waterfront Location
Canalfront
Lot Description
Bulkheaded,Cul-de-sac,Water Frontage
Lot SqFt
148000
Roof
Asphalt/Fiber Shingle
Possession
At Closing
Foundation
Masonry
Piling
Roads
Paved
Private
Heating
Baseboard
Electric
Oil
Air Conditioning
Wall Unit(s)
Window Unit(s)
View Description:
Canal
Ocean
Park Serv./Preserve
Sound
Salt Marsh
Taxes
$7855.09
Construction
Block
Mfg/Pre-Fab
Wood
Parking
51-100 Spaces
Paved
Off Street
Year Built
1962
Days On Market
82
Listing Agent
Robert Barris
Listing Office
Hatteras Realty - Avon

Data provided by Outer Banks Association of Realtors MLS. This data is intended for your personal, non-commerical use. Information is deemed reliable, but is not guaranteed. Copyright 2016 Outer Banks Association of Realtors.