500 Arendell ST Active Save Request In-Person Tour Request Virtual Tour
Morehead City,NC 28557
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
Parking Features 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