Address
46239 Old Lighthouse Rd. Buxton, NC
Price
$ 499,000
Property Attributes
  • MLS#112828
  • TypeCommercial
  • CountyDARE
  • CityBuxton
  • AreaBuxton Oceanside
  • NeighborhoodTower Beach
  • Zip27920
  • Style
  • Year Built1957
  • Taxes2803
  • Price$ 499,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.31 Acres
Listing Provided Courtesy Of:
Margaret Hughes @ Dockside Properties
Data Source:
Outer Banks Association of REALTORS
Property Description

The Tower Circle Motel is a Hatteras Island classic! Built in the 1950s it has hosted beachgoers and fishermen for over 50 years. When the current owners purchased it they completely renovated the building. They replaced all of the wiring and plumbing. Two years ago they replaced the septic drain fields. Most of the roof has been replaced in the last couple of years. The motel has eleven rooms and an office. The property also includes an easement to a small building in the back that houses the hot water heaters for the motel. Four of the rooms are efficiencies with full kitchens (stove, full size frig. and microwave) and a table and chairs. The remaining rooms contain a small frig., microwave and a coffee maker. This business is perfect for a person or couple who want to move to the beach!

Price History
2/9/2021 Listed $499,000

General Features

Business Name Tower Circle Motel
Class COMMERCIAL/INDUSTRIAL
Construction Masonry
Cooling Window Unit(s)
Docs on File As-Built Survey
Financing Options Commercial
Flood Zone AE
Heating None
Listing Area Buxton Oceanside
Ownership Owned More than 12 Months
Potential Short Sale No
Roof Asphalt/Fiber Shingle
Showing Instructions Appointment Required, Call Agent, Key
Status Active
Status Active
Subdivision NC
Subdivision Tower Beach
Tax Year 2019
Taxes 2803
Type Hotel / Motel
Water Municipal Water
Waterfront Location More than 5th row
Year Built 1957
Zoning C2

Interior Features

Floor Covering Carpet, Vinyl
Total Number of Units 11

Exterior Features

Approx.lot Sqft 13440
Foundation Masonry
Fuel Tanks None
Lot Description Level
Lot Faces (n,e,w,s) S
Parking/Garage 1-25 Spaces

Amenities

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

Property vs Zip Code Average in 27920

Price
AVG $1.85M
$500K
Taxes
AVG $9,415
$2,803
Visits
AVG 25
19
Year Built
AVG 1985
1957

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