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4622 Arendell Street

Morehead City, NC 28557
  • $2,100,000
  • STATUS: Active
  • ON SITE: 195 Days
  • MLS #: 100273073
UPDATED: 50 min ago
$2,100,000
  • 0
    BEDS
  • 2.92
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 14,971
    SQFT
  • $140
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1960
County:

School Ratings & Info

Description

Rare Investment Opportunity, Located right in the heart of Morehead City with over 280ft of Road Frontage on Hwy 70 where more than 36,000 vehicles travel daily and just shy of 3 acres. This property is Zoned Multi Use. Property includes 6 rental cottages including a duplex, a 3473 sq ft Brick house, office building with over 7000 sq ft that currently houses Electronics Plus, and additional billboard rental. Steady rental income with all units leased. Current business has a long term lease. Great income potential for the savvy investor.

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© 2021 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2021-12-06T21:59:12.207.
www.ncbeachrealtygroup.com/homes/117552021
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4622 Arendell Street Morehead City, NC 28557

  • Price: $2,100,000
  • Status: Active
  • On Site: 195 Days
  • Updated: 50 min ago
  • MLS #: 100273073
0
Beds
0
Baths
0
½ Baths
2.92
Acres
14,971
SQFT
$140
$/SQFT
1960
Built
Neighborhood:
Not In Subdivision
County:
Carteret
Area:
Morehead City
Property Description
Rare Investment Opportunity, Located right in the heart of Morehead City with over 280ft of Road Frontage on Hwy 70 where more than 36,000 vehicles travel daily and just shy of 3 acres. This property is Zoned Multi Use. Property includes 6 rental cottages including a duplex, a 3473 sq ft Brick house, office building with over 7000 sq ft that currently houses Electronics Plus, and additional billboard rental. Steady rental income with all units leased. Current business has a long term lease. Great income potential for the savvy investor.
Exterior Features

Construction BlockBrick/StoneWood Frame Exterior Finish BlockBrick Foundation BlockCrawl SpaceSlab Location Gen Bus District Location Type Mainland Lot Dimensions Irregular Parking Driveway On SitePavedUnpaved Road Type Frontage 4+ LanesPublic (City/Cty/St) Roof MembraneShingle

Interior Features

Attic Access Only Basement None Flooring CarpetConcreteLaminateLvt/LvpTileVinylWood Heating System Heat Pump Water Heater Electric

Property Features

Auction No City Limits Yes Cobra Zone No Commercial Features Delivery DoorFire AlarmSecurity SystemStorage Inside Commercial Sub Type Mixed UseOtherRetail Current Use Commercial/ Resident Electric Provider Duke Progress Energy Fuel Tank None Green Building Features None Hoa Amenities No Amenities Hoa YN No New Construction No Occupancy 100.00 Possession At ClosingSubject To Tenant Rights Sale Lease Includes BuildingsLandSee Remarks Sale Or Lease Sale Secondary Subdivision N/A Sewer Provider City Of Morehead City State Highway Less Than 5 Miles Stipulation Of Sale None Tax Year 2019 Terms 1031 ExchangeCashConventionalSba Water Provider City Of Morehead City Water Sewer Municipal SewerMunicipal Water Zoning Com



Listing information © 2021 NCRMLS
Listing provided courtesy of Jeremy Alan Grainger of Brass Lantern Realty.


© 2021 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2021-12-06T21:59:12.207.
 
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407 Atlantic Beach Causeway, Suite 6F
Atlantic Beach NC, 28512