Property Images: 
MLS# 100314: 4.34 Ac Seller Financing
Asking Price: 
550,000
Bedrooms: 
3
Subdivision: 
None
Bathrooms: 
1
Unit/Lot #: 
25486 NC Highway 12 Waves, NC 27982
Waterfront: 
Soundfront
Area: 
Waves

Information

ACCEPTING BACK UP OFFERS...CALL BROKER....DEVELOPMENT OPPORTUNITY ...SEE SITE PLAN.....Seller Financing...LOCATION - LOCATION - LOCATION ....3 Br Beach House on 3 Lots...4.34 AC+/- SOUND FRONT NC HWY 12..HIGH TRAFFIC LOCATION (7,000 daily avg...2.5+million yr)....BELOW MARKET VALUE $753,175 5/5/2019...SEE ATTACHED CMA***WATER FRONT DEVELOPMENT PROPERTY ..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 RESTRICTIONS.....AE8 FLOOD ZONE.....POSSIBLE SELLER FINANCING $400,000 CASH @ CLOSING...TERMS TBD DEPENDING ON QUALIFICATIONS BUYER....4.34 Ac +/- WATER FRONT*****NC HWY 12***HIGH TRAFFIC AREA**(7,000+/- Daily Avg )*****SEE POSSIBLE SITE PLANS (DUE DILIGENCE)***...ALL USES PERMITTED RESIDENTIAL & COMMERCIAL..***CALL BROKER***...(3) Sound Front lots + 3 Br House ...NC 12 Waves NC ( 4.34+/- Ac ).....Only $3.70 sq ft includes House...(about 1/2 $$ Comps) ....Can Subdivide (6)+/-Big Sound Front Lots or (12-20)+/- Lots Group Development...or (12-24)+/- Condo's***or 32+ Camp Sites....NC Hwy 12 To Pamlico Sound.......or Hotel Site (100+) Units ....Condo...Campground....or Possible "Tiny House" & RV Resort (see pictures) "IT'S ALL ABOUT THE SIZE LOT 4.34+/- Ac = "Largest Sound Front Lot" NC12 OBX...= 189,240 SQ FT ...It's All About "Size" & "Highest & Best Use" (Potential)...Vintage House (1936) is "Free"..... ***See Concepts Hotel Site (100 + units) or RV Resort + Tiny Houses ....S-1 Zoning = all uses allowed)...*****New S1 Zoning (attached) -*****See Proposed Site Plan*****Allows Mixed Use - Hotel Site (100+) Units with 75,696 sq ft (max Floor Coverage)..."Cash Flow" Potential Multi $$ Million Profit for Qualified Investor....****(No Brainer to Develop ...Low Land $$ Cost per Unit..... House Is "Free" ......"Ocean Access" Across NC 12....See Proposed Site Plan.... S-1 Zoning=All Uses Permitted .......Att: Investors .- Multi $$ Million Development..... ROI....(Houses+Condos+Hotels+Campground+Business+B&B+Fast Restaurant+C Store Gas+Shopping Ctr, ....

S-1 Zoning)...**OCEAN ACCESS ACROSS NC 12**....4.34 Ac+/- Comm -Res (3) SOUND FRONT XXXL Tracts Land w/ recent remodeled house (recently elevated above Flood Zone & Remodeled) ****SEE SURVEY HOUSE IS FREE****CAN USE OR MOVE OR TEAR DOWN***THIS IS ONE OF THE "LARGEST SOUND FRONT PROPERTIES" ON NC 12 All OBX Zoned S-1 all uses permitted Residential & Commercial ...plenty room to expand and/or subdivide or Multi Family Condos...or ad Business, AirBnB, Hotel, Dunkin Doughnuts, McDonalds , Camp Ground, etc etc...S-1 Zoning = All Uses permitted...Can Build 52 Ft High...60% Lot Coverage w/ engineered plan.....NEW NC 12 BRIDGE IN PROCESS....(3) PARCELS#014284000 + #014283000 + #014283003......Call Broker for more info...... ***SEE MLS100312 LAND....****SEE MLS103049 COMMERCIAL**** ...(3) TRACTS (4.34 AC +/-) BEING SOLD TOGETHER FOR LISTED PRICE......Contact Broker = All uses permitted = residential + commercial + multi family, etc............****.***NOTE PER BANKER: This may Not qualify for conventional 20% down SFD Financing because Land Value is 5x $$ House Value and No Comps SFD w/ 4.34+/-Ac Sound Front***PLEASE QUALIFIED BUYERS ONLY WITH PROOF OF $$ FUNDS TO CLOSE***CALL BROKER****Tenant in Place $1,000 mo - mo +.....Call Broker*****

Area
Waves Soundside
Subdivision
None
Waterfront
Soundfront
Waterfront Location
Soundfront
Lot Description
Level,Water Frontage
Lot SqFt
189240
Furnishings Available
Yes
Roof
Asphalt/Fiber Shingle
Possession
At Closing
Has Pool
No
Foundation
Piling
Roads
Paved
Heating
Forced Air
Heated Living Area SqFt
1330
Water
Municipal
Sewer/Septic
Private Septic
View Description:
Sound
Extras
Beach Access
Taxes
$6672
Association Fee Included?
No
Style
Bungalow
Construction
Frame
Exterior
Lap Siding
Parking
Off Street
Year Built
1930
Days On Market
122
Listing Agent
Frank Jakob
Listing Office
Cape Hatteras Realty & Const.

Request More Information

Vanessa Watson
Senior Associate Broker RRS, SFR, REALTOR
Office: 855-681-4194

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