X FLOOD ZONE WATERFRONT DEVELOPMENT OPPORTUNITY! Approximately 4

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Commercial For Sale

525 S Highway 64/264

Manteo, North Carolina 27954

Dare County

Waterfront: Yes

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$749,500 0 br, 0.0 bath 0 sq. ft. 4.640 acres Ad # 2326354

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.

Interior:
  • Bedrooms: 0
  • Baths: 0.0
  • Sq Ft: 0
  • Year Built: 0
  • Utilities: 
  • Fireplaces: 
  • Stories: 
  • Heat/AC: 
  • Garage: 
Exterior:
  • Lot Size: 4.640 acre
  • Lot Dimensions: 
  • Waterfront: Yes
  • View Types: 
  • Yard: 
  • Siding: 
  • Roof: Unknown
  • Property Taxes: $5376.42
  • MLS #: 117328
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Beach Commercial For Sale in Manteo, North Carolina
Ad Number: 2326354
Viewed 75 times.
Updated: May 20, 2022

This property is a Commercial located at 525 S Highway 64/264, Manteo, North Carolina 27954, and is currently For Sale at $749,500. This Commercial has 0 bedrooms, 0.0 baths, 0 sq ft.

Listing Agent: Bobby Harrell, Harrell & Associates, 252-473-7804 Listing Site
Copyright © 2022 Outer Banks Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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