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24394 Nc 12 Highway Lot # 1 & 2, Rodan, NC – $999,900

  • $1000k Price
  • 91,476 Sqft
  • 356 DOM
  • $1000k Price
  • 91,476 Sqft
  • 356 DOM

24394 Nc 12 Highway Lot # 1 & 2

LEASE OR SALE...Water Front Restaurant ....2.1 Ac+/- Water Front.. NC Hwy 12.....$8.25M Sales Potential... $2.5M Net...25% ROI....Water Front Restaurant Resort Opportunity...See Pro Forma...Existing 92 Seat Restaurant ...Build (10) 5 Br Town Houses + (6) Patio Lots + Lease Existing Restaurant $60,000 Yr NNN....LOCATION - LOCATION - LOCATION... SELLER FINANCING**..SOUND FRONT RESTAURANT (92) SEATS x $25 Seat (avg) x 3 x 150 nights = = $1M+ Gross Potential...+ DEVELOPMENT OPPORTUNITY ....WATER FRONT RESORT ....(SEE PROPOSED SITE PLAN)...NC HWY 12....(1.5 - 2.1 Ac +/-) *HIGH TRAFFIC AREA*(7,000+/- Daily Avg ...2.5+ Million Yr...NC Hwy 12)*ALL TRAFFIC MUST PASS BYE....ALL USES PERMITTED.....RESIDENTIAL & COMMERCIAL.....5 STORIES 52 FT HIGH..**CALL BROKER**.....(2) Lots NC12 "Bulkheaded" Sound Front .."CAN DEVELOP".....MORE LAND AVAILABLE EXTRA $$ TBD...CAN COMBINE 3rd LOT TO N (available Extra $$)....2.15 Ac+/- TOTAL... ..CAN BUILD 10-15+/- LOTS GROUP DEVELOPMENT....12-24+/- CONDO'S ..HOTEL...C-STORE...+ ALL USES PERMITTED...CALL BROKER.... (see possible uses) + Restaurant For Sale or Rent ($5,000 Mo NNN) with "Seller Financing" ...25% Down...Terms TBD.....additional land available for Extra $$ TBD...suitable for all uses ..Zoned S-1 ....Residential & Commercial including Condo's & Group Development.& Motel.....60% Lot Coverage ...Can Buy Property & Rent Restaurant & Build on Rear Lot on Sound Front ...High Traffic Area across from Rodanthe Fishing Pier & Ocean Beach & 4x4 ORV Ramp ..... Nearby Water Sports Resorts....Nearby "Nights of Rodanthe" (Movie) House...Seller Will Consider "Lease Restaurant Only"....if So....Seller Reserves the Right to Develop Rear Lot Sound Front.......***New Bridge to Rodanthe NC 12 - Now "Under Construction"...***New 100+ Yr Gateway NC 12 to Hatteras Island.***......Qualified Buyers Call Broker to Discuss All Possibilities....***SEE MLS 102773 FOR COMMERCIAL RESTAURANT****2 parcels....Pin #.06481969545 + 06481296659****See MLS 102782 Restaurant for Lease.........***NOTE: New Bridges ...Now Open 3/2019.. NC 12 Oregon Inlet...another Under Construction NC12 Rodanthe ***

Essential Information

  • MLS® #102770
  • Price$999,900
  • Square Footage91,476
  • Year Built1983
  • TypeCommercial
  • Sub-TypeRestaurant
  • StatusActive

Community Information

  • AreaRodanthe Soundside
  • CityRodan
  • CountyDare
  • StateNC
  • Zip Code27968


24394 Nc 12 Highway Lot # 1 & 2


  • Garages26-50 Spaces, Off Street
  • ViewSound
  • Is WaterfrontYes
  • WaterfrontSoundfront


  • Lot DescriptionSee Survey
  • RoofAsphalt/Fiber Shingle
  • ConstructionFrame
  • FoundationPiling

Additional Information

  • Date ListedNovember 20th, 2018
  • Days on Market356
  • ZoningS-1

Listing Details

  • AgentJakob, Frank
  • OfficeCape Hatteras Realty & Const.
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Jakob, Frank, Cape Hatteras Realty & Const..

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Listing information last updated on November 11th, 2019 at 6:15pm EST.