NC > Morehead City > Village West
Morehead City, NC 28557,500 Arendell ST
Morehead City, NC 28557,500 Arendell ST
Morehead City, NC 28557,500 Arendell ST
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Beth Frazer Real Estate & Rentals

Beth Frazer Real Estate & Rentals

+1(252) 249-1001
$1,750,000
Est. payment /mo
5,540 SqFt
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UPDATED:

11/14/2024 10:22 PM

Key Details

Property Type Commercial

Sub Type Improved

Listing Status Active

Purchase Type For Sale

Square Footage 5,540 sqft

Price per Sqft $315

Subdivision Village West

MLS Listing ID 100475292

Style Metal Fab

HOA Y/N No

Originating Board North Carolina Regional MLS

Year Built 1920

Annual Tax Amount $1,462

Lot Size 3,485 Sqft

Acres 0.08

Lot Dimensions 55'x63'

Property Description

Downton Morehead City Bed & Breakfast, On the Crystal Coast with Panoramic Water Views and Unlimited Possibilities for Expansion... This is a unique opportunity to acquire a solid income-producing building, originally built in 1904, as the ''Tide Water and Power Building''. Redesigned, re-engineered, repurposed, meticulously restored, and rebuilt since 2004, as a ''Fortified Structure'' (capable of withstanding a CAT 5 Forces). The building has been engineered and built for multiple floor additions up to 70 ft, with 5 more rental units and event space already planned. The building has two, 2 car garages for off-street parking, as well as ample street parking on two sides. There are three residential living spaces within the building making it the perfect owner-occupied Bed & Breakfast opportunity. The rental and event income possibilities are extensive. Location - Location - Location on the corner of N 5th Street and Arendell St. (Hwy 70 West), overlooking the historic waterfront Business District, and within walking distance to some of the best premier restaurants, bars, shops, boutiques, and the famous fishing fleets of the Crystal Coast. Downtown Morehead City is a vibrant destination that offers something for everyone. From its charming streets lined with unique shops and boutiques to its picturesque waterfront, there are plenty of reasons to visit, experience, enjoy living, and doing business in the magic of a growing Downtown Morehead City.

Location

State NC

County Carteret

Community Village West

Zoning DB

Direction Corner of Arendell and N. 5th St

Rooms

Basement None

Interior

Heating Heat Pump, Electric, Forced Air, Propane

Cooling Central Air

Flooring Concrete, Tile, Wood

Exterior

Garage Off Street

Waterfront Description ICW View

View Marina, Ocean, Sound View, Water

Roof Type Membrane,Flat

Garage Yes

Building

Lot Description See Remarks, Corner Lot

Foundation Slab

Sewer Municipal Sewer

Water Municipal Water

New Construction No

Others

Tax ID 638620814325000

Acceptable Financing 1031 Exchange, SBA, Cash, Conventional

Listing Terms 1031 Exchange, SBA, Cash, Conventional

Special Listing Condition None

Read Less Info
Hive MLS / (NCRMLS)
Listed by Keller Williams Realty
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(252) 249-1001

sales@bethfrazer.com

401 Hodges St, Oriental, NC, 28571, United States

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500 Arendell ST