Residential

1903 Croatan Highway S Lot 22, Kill Devil Hills

$374,900.00

Bedroom 4 bedrooms
Full Bathroom 2 full baths
Half Baths 1 half baths
Total Baths 3 total baths

  • Listing ID #: 129038
  • Status: Pending
  • Address: 1903 Croatan Highway S Lot 22, Kill Devil Hills, NC 27948
  • Date Listed: 4/18/2025
  • Days on Market: 24
  • SQFT: 2768
  • Acres: 0.14
  • Stipulations: No
  • Subdivision: Lake Drive Dev

Location Location

Agent Comments Agent Comments
This multi-use building is what every business needs in a prime location in KDH on the highway with an Annual Average Daily Traffic of 37,000 vehicles (NCDOT). Employee housing up top, center of town showroom or storage on the ground floor. Annual lease rental income is currently $2000/month and the ground floor has historically rented for $1200/month, potential annual rents of $38,000. You cannot get that rental performance from any other house for the price in the heart of Kill Devil Hills. The current tax value is $479,000. Already considered in the price are residential comparables, as well as the existing need for new septic, windows, water heater, siding, interior cosmetic finishes and various repairs, while it currently remains functional enough for rental income. Command light on this thriving business intersection. Adjoining lot is listed for sale MLS#127695. Multiple tenants with different schedules live at this property. Please do not enter the building without appointment. Central heating and cooling are for the ground floor shop area only; electric baseboard and window units are for heating and cooling in the residence. Existing window units convey. No septic information is available from Dare County. Home has had four bedrooms since built, and based on tank size, we have listed the home as four bedrooms.

Amenities Amenities
  • Range/Oven
  • Refrigerator

Additional Features Additional Features
  • Construction Materials: Frame
  • County: Dare
  • Days on Market: 24
  • Exterior: Vinyl
  • Flood Zone: X
  • Pool: No
  • Property Sub Type: Single Family - Detached
  • Sale or Rent: S
  • Sewer: Private Septic
  • Waterfront Features: None
  • Water/Sewer: Municipal
  • Year Built: 1971

Financial Financial
  • Annual Tax Amount: 2233.26
  • Asking Price Per Sq Ft: 135.44
  • Bank/Institution Owned: No
  • Buyer Financing: Cash,Conventional
  • Lease Terms: 1 Year
  • Possession: At Closing
  • Short Sale: No
  • Tax Year: 2024

Interior Features Interior Features
  • Cool System: Window Units
  • Floors: Carpet, Concrete, Plywood, Vinyl
  • Heat System: Baseboard, Heat Pump

Exterior Features Exterior Features
  • Architectural Style: Traditional
  • Exterior: Vinyl
  • Foundation details: Piling
  • Fuel Tanks: None
  • Lot Features: Level
  • Parking: Off Street, Paved
  • Road Surface Type: Paved,Public
  • Roof: Asphalt/Fiber Shingle
  • Water Source: Municipal
  • Waterfront Feature: None

Location Location
  • Flood Zone: X
  • Street Number: 1903
  • MLS Area Minor: Kill Devil Hills b/w Hwys

Listed by: Christopher from Century 21 Nachman Realty.