525 S Highway 64/264, Mante, NC

$759,300

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202,118

Square feet

About 525 S Highway 64/264

WATERFRONT DEVELOPMENT OPPORTUNITY! A LARGE PORTION IN X FLOOD ZONE Approximately 4.64 acres of waterfront commercial real estate located on the primary highway in Manteo, between Darrells Restaurant and the Christmas Shop. 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, also a previous buyer proposed 90 motel that appeared to fit the site. A mixed use project with commercial on the first floor and residential on the second and third floors should do well in the location. The parcel includes approximatEly 74,791 sqft of buildable uplands(subject to verification), 1000' of canal frontage leading out to Shallowbag Bay, and 127' of sound frontage! ENDLESS OPPORTUNITIES Other needs for the area are townhomes, multifamily, or single family homes(SKETCH PLAN ON FILE FOR 8 SINGLE FAMILY LOTS) all of which could have access to the sound through the existing canal that adjoins the property.

Features of 525 S Highway 64/264

MLS® # 117328
Price $759,300
Square Footage 202,118
Type Lot / Land
Sub-Type Commercial
Status Active

Community Information

Address 525 S Highway 64/264
Area Manteo-S. of Airport Road
Subdivision None
City Mante
County Dare
State NC
Zip Code 27954

Amenities

View Canal, Sound, Salt Marsh
Is Waterfront Yes
Waterfront Soundfront

Additional Information

Date Listed January 17th, 2022
Days on Market 711
Zoning B-2
Short Sale No
RE / Bank Owned No

Listing Details

AgentHarrell, Bobby
OfficeHarrell & Associates

Listing Map

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