DEVELOPMENT OPPORTUNITY ...SEE SITE PLAN....Seller Financing....LOCATION - LOCATION - LOCATION ...3 Br Beach House on 3 lots...4.34 AC+/- SOUND FRONT NC HWY 12...HIGH TRAFFIC LOCATION (7,000 daily avg...2.5+million yr)..PRICED BELOW MARKET VALUE $753,175 5/5/2019...SEE ATTACHED CMA***WATER FRONT DEVELOPMENT PROPERTY ..S1 ZONING = ALL USES PERMITTED ..5 STORIES 52 FT HIGH...RESIDENTIAL 30% LOT COVERAGE (56,715+/- sq ft)...COMMERCIAL 60% LOT COVERAGE (113,430+/- sq ft)...NO HOA RESTRICTIONS.....AE8 FLOOD ZONE....POSSIBLE SELLER FINANCING $400,000 CASH @ CLOSING...TERMS TBD DEPENDING ON QUALIFICATIONS BUYER....4.34 Ac +/- WATER FRONT*****NC HWY 12***HIGH TRAFFIC AREA**(7,000+/- Daily Avg NC Hwy .....2.5+ million yr ...NC Hwy 12)*****SEE POSSIBLE SITE PLANS (DUE DILIGENCE)***...ALL USES PERMITTED RESIDENTIAL & COMMERCIAL..***CALL BROKER***...(3) Sound Front lots + 3 Br House ...NC 12 Waves NC ( 4.34+/- Ac ).....Only $3.70 sq ft includes House...(about 1/2 $$ Comps) ....Can Subdivide (6)+/-Big Sound Front Lots or (12-20)+/- Lots Group Development...or (12-24)+/- Condo's***or 32+ Camp Sites....NC Hwy 12 To Pamlico Sound.......or Hotel Site (100+) Units ....Condo...Campground....or Possible "Tiny House" & RV Resort (see pictures) "IT'S ALL ABOUT THE SIZE LOT 4.34+/- Ac = "Largest Sound Front Lot" NC12 OBX...= 189,240 SQ FT ...It's All About "Size" & "Highest & Best Use" (Potential)...Vintage House (1936) is "Free"..... ***See Concepts Hotel Site (100 + units) or RV Resort + Tiny Houses ....S-1 Zoning = all uses allowed)...*****New S1 Zoning (attached)....*****See Proposed Site Plan*****Allows Mixed Use - Hotel Site (100+) Units with 75,696 sq ft (max Floor Coverage)..."Cash Flow" Potential Multi $$ Million Profit for Qualified Investor....****(No Brainer to Develop ...Low Land $$ Cost per Unit..... House Is "Free" ......"Ocean Access" Across NC 12....See Proposed Site Plan.... S-1 Zoning=All Uses Permitted .......Att: Investors .- Multi $$ Million Development..... ROI....(Houses+Condos+Hotels+Campground+Business+B&B+Fast Restaurant+C Store Gas+Shopping Ctr, .... S-1 Zoning)...**OCEAN ACCESS ACROSS NC 12**....4.34 Ac+/- Comm -Res (3) SOUND FRONT XXXL Tracts Land w/ recent remodeled house (recently elevated above Flood Zone & Remodeled) ****SEE SURVEY HOUSE IS FREE****CAN USE OR MOVE OR TEAR DOWN***THIS IS ONE OF THE "LARGEST SOUND FRONT PROPERTIES" ON NC 12 All OBX Zoned S-1 all uses permitted Residential & Commercial ...plenty room to expand and/or subdivide or Multi Family Condos...or ad Business, AirBnB, Hotel, Dunkin Doughnuts, McDonalds , Camp Ground, etc etc...S-1 Zoning = All Uses permitted...Can Build 52 Ft High...60% Lot Coverage w/ engineered plan.....NEW NC 12 BRIDGE IN PROCESS....(3) PARCELS#014284000 + #014283000 + #014283003......Call Broker for more info...... ***SEE MLS100314 RESIDENTIAL****SEE MLS103049 COMMERCIAL**** ...(3) TRACTS (4.34 AC +/-) BEING SOLD TOGETHER FOR LISTED PRICE......Contact Broker = All uses permitted = residential + commercial + multi family, etc............****.***NOTE PER BANKER: This may Not qualify for conventional 20% down SFD Financing because Land Value is 5x $$ House Value and No Comps SFD w/ 4.34+/-Ac Sound Front***PLEASE QUALIFIED BUYERS ONLY WITH PROOF OF $$ FUNDS TO CLOSE***CALL BROKER****Tenant in Place $1,000 mo - mo +.....Call Broker*****
|Price Reduced from $659,900 to $550,000|
|Price Reduced from $699,900 to $659,900|
|Price Increased from $659,900 to $699,900|
Jakob, Frank, Cape Hatteras Realty & Const..
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Listing information last updated on September 19th, 2019 at 11:00pm EDT.