Property Images: 
MLS# 117328: COMMERCIAL WATERFRONT X FLOOD
Asking Price: 
749,500
Subdivision: 
None
Unit/Lot #: 
525 S Highway 64/264 Manteo, NC 27954
Waterfront: 
Soundfront

Information

X FLOOD ZONE WATERFRONT DEVELOPMENT OPPORTUNITY! Approximately 4.64 acres of waterfront commercial real estate located on the primary highway in Manteo. 321 feet of road frontage offers great visibility on the high traffic corridor of Roanoke Island. The parcel has been cleared except for the original parking lot, that is in an X flood zone, which overlooks Shallowbag Bay and the salt marshes.. Proformas have been prepared for a 40 and 60 room inn, as well as a mixed use project with commercial on the first floor and residential on the second and third floors.

The parcel includes approximatley 74,791 sqft of buildable uplands(subject to verification), 1000' of canal frontage leading out to Shallowbag Bay, and 127' of sound frontage! The opportunities are endless! Other needs for the area are townhomes, multifamily, or single family homes, all of which could have access to the sound through the existing canal that adjoins the property.

Area
Manteo-S. of Airport Road
Subdivision
None
Waterfront
Soundfront
Waterfront Location
Soundfront
Lot Description
Cleared,Filled,Water Frontage
Lot SqFt
202118
Possession
Closing
Roads
Paved
Public
View Description:
Canal
Salt Marsh
Sound
Taxes
$5376.42
Association Fee Included?
No - Restrictive Covenants May A
Days On Market
116
Listing Agent
Bobby Harrell
Listing Office
Harrell & Associates

Request More Information

Jeff Ferrence
Real Estate Sales Team
Toll-free: 844-567-7499

Real Estate Sales Newsletter

Sign up for our Real Estate Newsletter today!