Price Reduction - Waterfront
Address
527 S Highway 64/264 Manteo, NC
Price
$ 749,500
Property Attributes
  • MLS#98859
  • TypeLand
  • CountyDARE
  • CityManteo
  • AreaManteo-S. of Airport Road
  • Zip27954
  • StyleCommercial
  • Taxes5409
  • Price$ 749,500
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Bobby Harrell @ Harrell & Associates
Data Source:
Outer Banks Association of REALTORS
Property Description

REDEVELOPMENT 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 pre-existing parking lot lots. 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 approximately 2 acres of buildable uplands, 1000' of canal frontage leading out to Shallowbag Bay, 127' of sound frontage, includes municipal water and sewage credits. The opportunities are endless!

Price History
1/2/2019 Listed $819,500
1/17/2019 1% - $817,500
1/29/2019 1% - $815,500
2/7/2019 1% - $809,500
2/14/2019 1% - $805,900
2/22/2019 1% - $799,500
5/31/2019 1% - $795,500
10/24/2019 1% - $794,500
12/10/2019 1% - $792,350
1/9/2020 1% - $789,550
1/23/2020 1% - $784,650
3/6/2020 1% - $782,500
3/27/2020 1% - $779,500
9/18/2020 2% - $769,500
11/18/2020 2% - $759,500
3/17/2021 2% - $749,500

General Features

Class LOTS/LAND
Docs on File Recorded Plat
Electric Available
Financing Options Cash, Conventional, Lot Loan
Flood Zone AE
Listing Area Manteo-S. of Airport Road
Ownership Owned More than 12 Months
Potential Short Sale No
Showing Instructions Call Office, Vacant
Status Active
Status Active
Subdivision None
Subdivision NC
Tax Year 2017
Taxes 5409.6
Type Commercial
View Canal, Salt Marsh, Sound
Water Municipal
Waterfront Location Soundfront
Zoning C

Exterior Features

Lot Description Bulkheaded, Level, Water Frontage
Roads Paved, Public

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 27954

Price
AVG $250K
$750K
Taxes
AVG $1,231
$5,409
Visits
AVG 40
187

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