25150 NC Highway 12 Waves, NC
$ 1,150,000
Property Attributes
  • MLS#112650
  • TypeCommercial
  • CountyDARE
  • CityWaves
  • AreaWaves Soundside
  • Zip27982
  • Style
  • Year Built2005
  • Taxes$ 2284
  • Price$ 1,150,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Jennifer M Paddock @ Shore Details Inc - Frisco
Data Source:
Outer Banks MLS (OTBMLS) - 132 - NC
Property Description

MJSM Enterprises, LLC is offering the chance of a lifetime to an enterprising investor. This “OBX” real estate investment package in Waves, NC includes two properties, one already delivering an established revenue stream, the other awaiting your customization! Strategically well-situated in the middle of “tri-villages,” the commercial property with frontage on Hwy12 (the main and only road through town) includes a 2-story building – for 16 years, the first floor has been and remains the home of Atlantic Coast Café, the second floor includes office space and a two-bedroom apartment with great views. Behind that property, the 28,627 sq soundfront lot is approved by DCHD for a 4-bedroom home with pool, large deck, and 50 ft. walkway to and into the Pamlico Sound. Or use that lot to expand the front lot’s commercial capacity – create a soundfront pavilion, tiki bar, retail space . . . just imagine the possibilities! With the 2.4 mile “Jug Handle” bridge due to open this year, guest stays and the retail season are guaranteed to increase and remain steady. Don't wait - call today! This remarkable business opportunity is a savvy investor’s dream come true!

Price History
2/1/2021 Listed $1,550,000
4/22/2021 17% - $1,300,000
5/31/2021 12% - $1,150,000

General Features

Business Name MJSM Enterprises, LLC
Commercial Features Equip. Conveys, Fire Sprinklers, Handicap Features, Inventory Convey, Living Quarters, Public Restroom (s), Smoke Alarm
Construction Frame, Wood
Cooling Heat Pump
Docs on File Elevation Certificate, Flood Policy, Land Survey, Septic Permit
Financing Options Cash, Commercial
Flood Zone Zone AE
Heating Heat Pump
Listing Area Waves Soundside
Ownership Owned More than 12 Months
Potential Short Sale No
Roof Asphalt/Fiber Shingle
Showing Instructions Appointment Required, Call Agent, Key, ShowingTime, Tenant Occupied, Text To Show
Status Active
Status Active
Tax Year 2020
Taxes 2284
Tenant Pays Other-See Remarks
Type Multi Unit
View Sound
Water Municipal Water
Waterfront Location Soundfront
Year Built 2005
Zoning Com

Interior Features

Floor Covering Tile
Insulation Yes

Exterior Features

Foundation Piling
Lot Description Additional Land Available, Beach Frontage, Water Frontage
Parking/Garage 1-25 Spaces, Parking Lot, Paved, Unpaved
Roads Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 27982

AVG $1.15M
AVG $2,284
AVG 137
Year Built
AVG 2005

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