525 S Highway 64/264
Manteo, North Carolina NC 27954
Price: $749,500
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Listing ID: 117328
Status: Active
Acres: 4.640 Acres
Subdivision: None

X FLOOD ZONE WATERFRONT DEVELOPMENT OPPORTUNITY! Approximately 4.64 acres of waterfront commercial real estate located on the primary highway in Manteo. 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, as well as a mixed use project with commercial on the first floor and residential on the second and third floors. The parcel includes approximatley 74,791 sqft of buildable uplands(subject to verification), 1000' of canal frontage leading out to Shallowbag Bay, and 127' of sound frontage! The opportunities are endless! Other needs for the area are townhomes, multifamily, or single family homes, all of which could have access to the sound through the existing canal that adjoins the property.

Primary Features

County: Dare
Property Sub Type: Commercial
Property Type: Land
Subdivision: None
Zoning: C

Interior

Electric: Available
Water: Municipal

External

Approximate Lot SqFt: 202118
Lot Description: Cleared, Filled, Water Frontage
Roads: Paved, Public
Sewer/Septic: Municipal Sewer
Street Frontage: 321
Water Frontage: 127
Waterfront Location: Soundfront

Location

Area: Manteo-S. of Airport Road
Flood Zone: AE, X
Lot Faces: E, W
View Description: Canal, Salt Marsh, Sound

Additional

Homes & Land of the Outer: yes
Ownership: Owned More than 12 Months
Status Category: Active

Financial

Association Fee: No - Restrictive Covenants May A
Bank Owned: no
Financing Options: Cash, Conventional, Lot Loan
Potential Short Sale: no
Sale/Rent: For Sale
Tax Year: 2021
Taxes: 5376.42

Zoning Info


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#IDX-primaryPhoto,#idx-details-header Listed by: Bobby Harrell from Harrell & Associates 252-473-7804

Contact - Listing ID 117328

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Liz Holterhaus

5595 N. Croatan Highway
Southern Shores, NC 27949
Phone: 252-202-2156

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