$2,400,000
4622 Arendell Street
Morehead City, NC 28557
MLS# 100273073
14971 sqft


4622 Arendell Street, Morehead City, NC 28557
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4622 Arendell Street, Morehead City, NC 28557 4622 Arendell Street, Morehead City, NC 28557 4622 Arendell Street, Morehead City, NC 28557

Property Description
Rare Investment Opportunity, Located right in the heart of Morehead City with over 280ft of Road Frontage on Hwy 70 where more than 36,000 vehicles travel daily and just shy of 3 acres. This property is Zoned Multi Use. Property includes 6 rental cottages including a duplex, a 3473 sq ft Brick house, office building with over 7000 sq ft that currently houses Electronics Plus, and additional billboard rental. Steady rental income with all units leased. Current business has a long term lease. Great income potential for the savvy investor.

Details
Maps
Contract Info
Status: Active
Effective Date: 2021-05-24
Delayed Marketing?: No
Delayed Marketing Date (DM): 2021-05-24
Sale/Lease: Sale
Auction: No
Listing Price: 2400000
Current Price: $2,400,000
List Price/SqFt: 160.31
Stipulation of Sale: None
Location Information
Street #: 4622
Street Name: Arendell
Street Suffix: Street
County: Carteret
State/Province: NC
Zip Code: 28557
City Limits: Yes
Marketing City: Morehead City
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 34.732296
Geo Lon: -76.781839
Remarks and Showing
Directions to Property: Hwy 70 to Morehead CIty Approx 1 mile from intersection of Hwy 24 & Hwy 70 Property will be on the left heading east
Sign on Property: Yes
Building Info
New Construction: No
Building/Ext Features
Lot Acres: 2.92
Lot SqFt: 127413
Lot Dimensions: Irregular
SqFt - Heated (Primary): 14971
Location Type: Mainland
Legal and Taxes
Tax Assessed Value: 1248846
Deed Book: 1258
Deed Page: 298
Legal: Acreage HWY 70 Morehead City Electronics Plus Building
Broker Owner: No
PID: 636615642896000
Tax Identifier: 636615642896000
Special Assessments: None
Tax Year: 2019
Year Built: 1960
Zoning: COM
HOA: No
Cobra Zone: No
Miscellaneous
Occupancy: 100
Current Use: Commercial/ Resident
Road/Trans Access
State Highway: Less than 5 Miles
Service Providers
Electric Provider: Duke Progress Energy
Sewer Provider: City of Morehead City
Water Provider: City of Morehead City
Property Features
Sub-Type: Mixed Use; Retail; Other
HOA Amenities: No Amenities
Attic: Access Only
Basement: None
C & I Features: Delivery Door; Fire Alarm; Security System; Storage Inside
Construction: Block; Brick/Stone; Wood Frame
Exterior Finish: Block; Brick
Flooring: Carpet; Concrete; Laminate; Tile; Vinyl; Wood; LVT/LVP
Foundation: Block; Crawl Space; Slab
Fuel Tank: None
Green Bldg Features: None
Sale/Lease Includes: Buildings; Land; See Remarks
Parking/Driveway: On Site; Paved; Unpaved
Road Type/Frontage: 4+ Lanes; Public (City/Cty/St)
Roof: Membrane; Shingle
Location: Gen Bus District
Heating System: Heat Pump
Water Heater: Electric
Utilities: Municipal Sewer; Municipal Water
Terms: 1031 Exchange; Cash; Conventional; SBA

Listing Office: Brass Lantern Realty

Last Updated: May - 25 - 2021

4622 Arendell Street, Morehead City, NC 28557 - MLS# 100273073

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