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

WATERFRONT DEVELOPMENT OPPORTUNITY! A LARGE PORTION IN X FLOOD ZONE Approximately 4.64 acres of waterfront commercial real estate located on the primary highway in Manteo, between Darrells Restaurant and the Christmas Shop. 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, also a previous buyer proposed 90 motel that appeared to fit the site.

A mixed use project with commercial on the first floor and residential on the second and third floors should do well in the location. The parcel includes approximatEly 74,791 sqft of buildable uplands(subject to verification), 1000' of canal frontage leading out to Shallowbag Bay, and 127' of sound frontage! ENDLESS OPPORTUNITIES Other needs for the area are townhomes, multifamily, or single family homes(SKETCH PLAN ON FILE FOR 8 SINGLE FAMILY LOTS) 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
Water Frontage,Cleared,Filled
Lot SqFt
202118
Possession
Closing
Roads
Paved
Public
View Description:
Canal
Sound
Salt Marsh
Taxes
$5376.42
Association Fee Included?
No - Restrictive Covenants May A
Days On Market
523
Listing Agent
Bobby Harrell
Listing Office
Harrell & Associates

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