Property Images: 
MLS# 100312: 4.34 Ac Seller Financing
Asking Price: 
550,000
Subdivision: 
None
Unit/Lot #: 
25478 NC Highway 12 Waves, NC 27982
Waterfront: 
Soundfront
Area: 
Waves

Information

SOUND FRONT DEVELOPMENT PROPERTY...4.34+/- AC ...(3) LARGE PARCELS ... 200+/- FT.. WIDE NC HWY 12....WAVES NC 27982....SEE PRELIMINARY SITE PLAN....CALL BROKER....CAN BUILD TO SUIT... (10) 5 BR TOWN HOUSE..+... (30) 3 BR CONDOS...25%+...CAP RATE.. HIGH $$ ROI...SALES $16+M ...POTENTIAL.. +... $1.5+M LOCAL PROPERTY MANAGEMENT AVAILABLE ....OPPORTUNITY IS KNOCKING ...HIGH TRAFFIC...RESORT AREA....(7,000 daily avg...2.5+million yr).....Less Than $14K Unit Land Cost... 40 Units... $2.19 sq ft Land includes 3 BR HOUSE IS FREE (about 1/2 $$ Comps).....OCEAN ACCESS ...FOOT STEPS... ACROSS NC 12....NEARBY WATER FRONT RESORTS...

SOLD-OUT....KITTY HAWK KITES ..+..

REAL WATER SPORTS RESORT..+..NEARBY KOA CAMPGROUND & CAMP HATTERAS RV RESORT....Seller Financing $400,000 Cash @ Close....BELOW MARKET ... $$ VALUE $753,175 (5/5/2019)...SEE ATTACHED CMA.....S1 ZONING ..= ..ALL USES PERMITTED ...5 STORIES 52 FT HIGH....RESIDENTIAL 30% ...LOT COVERAGE (56,715+/- sq ft)...COMMERCIAL 60%.. LOT COVERAGE (113,430+/- sq ft)....NO HOA ....NO DEED RESTRICTIONS....AE8 FLOOD ZONE....ALL USES PERMITTED RESIDENTIAL & COMMERCIAL..EASY TO DEVELOP ...Can Subdivide (6-18)+/- Sound Front Lots ...or....WATER FRONT RESORT...TOWNHOUSES ...+ ...CONDOS" ..+.... HOMES ..or...HOTEL..

RV RESORT...IT'S ALL ABOUT THE SIZE LOT... 4.34+/- Ac ..=.. Largest Sound Front Lot..NC 12 OBX..=.. 189,240+/- SQ FT LAND...LOCAL PROPERTY MANAGEMENT AVAILABLE + AirBnb + VRBO... ......PLEASE QUALIFIED BUYERS ONLY WITH PROOF OF $$ FUNDS TO CLOSE....CALL BROKER....Tenant in Place $1,000 mo - mo+......

Area
Waves Soundside
Subdivision
None
Waterfront
Soundfront
Waterfront Location
Soundfront
Lot Description
Level,Water Frontage,Wooded
Lot SqFt
189240
Possession
Closing
Tenant Rights
Roads
Paved
View Description:
Sound
Taxes
$6672
Association Fee Included?
No
Days On Market
153
Listing Agent
Frank Jakob
Listing Office
Cape Hatteras Realty & Const.

Request More Information

Matt Whelan
Senior Associate Broker
Cell: 252-202-2891

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