Property Images: 
MLS# 106090: Motel Ocean Block
Asking Price: 
429,900
Subdivision: 
Unit/Lot #: 
27225 Sand Street Salvo, NC 27972
Waterfront: 
Oceanside
Area: 
Salvo

Information

Opportunity is Knocking....Ocean Block Motel Sale 12 rooms + 4 Studio Apartments ......26%+/- CAP RATE ( ROI Net before depreciation) ....2019 TAX VALUE $401,200 (Land + Bldg - Business Not included) ....Location - Location - Location....We Got The Beach....2 lots back ocean front.....Direct Ocean Beach Access Over Dune (foot steps to Ocean).......Wide Beach with 2X Double Dune.....Best Flood Zone AE 8 Ocean Block.....See Salvo Ship Wreck ....NEW ROOF 2015-2016 + RECENT REMODEL ,,,, Opportunity is Knocking for Owner Operator or Investor....26%+/-CAP Rate (ROI) ....$280,000+/- Rental Income Potential ..HIGH TRAFFIC RESORT AREA.... There are Very Few Motels in area or Hatteras Island....Season Aril thru November. ...Cape Hatteras National Seashore reports 7,000+ Daily Traffic NC Hwy 12.....2.5+ Million Visitors Annually & Rising 2019... Outer Banks Chamber Commerce reports 5.5+ Million Tourist Annually...Close to Shopping, Dining, Salvo Day Use Sound Side Park, 4x4 ORV Ramp 23 nearby...Near By Nights in Rodanthe House.... New Bridge NC Hwy 12 Oregon Inlet Now Open April 2019 ++++ New Bridge NC Hwy 12 In Process Rodanthe - Waves - Salvo + All Hatteras Island + Ferry To Ocracoke....Will Post More Photos + Aerial in Process....2019 TAX VALUE $401,200 LAND + BUILDING ONLY ....DOES NOT INCLUDE BUSINESS VALUE (see attached data sheet)...Call Broker

Area
Salvo Oceanside
Waterfront
2 - lots from oceanfront (3rd ro
Waterfront Location
2 - lots from oceanfront (3rd ro
Lot Description
Level
Lot SqFt
22000
Roof
Asphalt/Fiber Shingle
Possession
At Closing
Foundation
Piling
Roads
Public
Taxes
$2767
Construction
Frame
Parking
1-25 Spaces
Off Street
Unpaved
Year Built
1971
Days On Market
14
Listing Agent
Frank Jakob
Listing Office
Cape Hatteras Realty & Const.

Request More Information

Rick Kinne
Senior Associate Broker
Cell: 252-256-2670

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