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500 Arendell Street

Morehead City, NC 28557
  • $1,675,000
  • STATUS: Active
  • ON SITE: 222 Days
  • MLS #: 100409407
UPDATED: 120 min ago
$1,675,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,855
    SQFT
  • $345
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1903
County:

School Ratings & Info

Description

Historic Downton Morehead City Bed & Breakfast,On the Crystal Coast with Panoramic Water Viewsand Unlimited Possibilities for Expansion... This is a unique opportunity to acquire a solid income-producing building, originally built in 1904, as the ''Tide Water and Power Building''. Redesigned, re-engineered, repurposed, meticulously restored, and rebuilt since 2004, as a ''Fortified Structure'' (capable of withstanding a CAT 5 Forces). The building has been engineered and built for multiple floor additions up to 70 ft, with 5 more rental units and event space already planned. The building has two, 2 car garages for off-street parking, as well as ample street parking on two sides. There are three residential living spaces within the building making it the perfect owner-occupied Bed & Breakfast opportunity. The rental and event income possibilities are extensive. Location - Location - Location on the corner of N 5th Street and Arendell St. (Hwy 70 West), overlooking the historic waterfront Business District, and within walking distance to some of the best premier restaurants, bars, shops, boutiques, and the famous fishing fleets of the Crystal Coast.Downtown Morehead City is a vibrant destination that offers something for everyone. From its charming streets lined with unique shops and boutiques to its picturesque waterfront, there are plenty of reasons to visit, experience, enjoy living, and doing business in the magic of a growing Downtown Morehead City:

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Mid Carolina MLS logo© 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2024-05-22T18:58:47.983.
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500 Arendell Street Morehead City, NC 28557

  • Price: $1,675,000
  • Status: Active
  • On Site: 222 Days
  • Updated: 120 min ago
  • MLS #: 100409407
0
Beds
0
Baths
0
½ Baths
0.08
Acres
4,855
SQFT
$345
$/SQFT
1903
Built
Neighborhood:
Not In Subdivision
County:
Carteret
Area:
Morehead City
Property Description
Historic Downton Morehead City Bed & Breakfast,On the Crystal Coast with Panoramic Water Viewsand Unlimited Possibilities for Expansion... This is a unique opportunity to acquire a solid income-producing building, originally built in 1904, as the ''Tide Water and Power Building''. Redesigned, re-engineered, repurposed, meticulously restored, and rebuilt since 2004, as a ''Fortified Structure'' (capable of withstanding a CAT 5 Forces). The building has been engineered and built for multiple floor additions up to 70 ft, with 5 more rental units and event space already planned. The building has two, 2 car garages for off-street parking, as well as ample street parking on two sides. There are three residential living spaces within the building making it the perfect owner-occupied Bed & Breakfast opportunity. The rental and event income possibilities are extensive. Location - Location - Location on the corner of N 5th Street and Arendell St. (Hwy 70 West), overlooking the historic waterfront Business District, and within walking distance to some of the best premier restaurants, bars, shops, boutiques, and the famous fishing fleets of the Crystal Coast.Downtown Morehead City is a vibrant destination that offers something for everyone. From its charming streets lined with unique shops and boutiques to its picturesque waterfront, there are plenty of reasons to visit, experience, enjoy living, and doing business in the magic of a growing Downtown Morehead City:
Exterior Features

Construction Brick/StoneConcreteMetal Fab Exterior Finish BrickStucco Location Corner Location Type Mainland Lot Dimensions 50X65 Number Of Parking Spaces 4 Parking Driveway GarageGarage Faces SideOff StreetSee Remarks Road Type Frontage Public (City/Cty/St) Roof FlatMembrane

Interior Features

Cooling System CentralHeat Pump Heating System Forced AirHeat Pump Water Heater Electric

Property Features

Airport Less than 5 Miles Auction No City Limits Yes Cobra Zone No Commercial Sub Type Bed and BreakfastBusiness ServiceCommercialMixed UseProfessional Service Electric Provider Duke Progress Energy Fuel Tank Propane Above Ground Fuel Tank Ownership Leased Interstate Less than 5 Miles New Construction No Port Less than 5 Miles Possession At Closing Property Taxes 1462.83 Rail Less than 5 Miles Sale Lease Includes BusinessSee Remarks Sale Or Lease Sale Secondary Subdivision N/A Sewer Provider City of Morehead City Stipulation Of Sale None Tax Year 2023 Terms CashConventional View Type Canal ViewICW ViewSound ViewWater View Water Provider City of Morehead City Water Sewer Municipal SewerMunicipal Water Zoning B-1



Mid Carolina MLS logo Listing information © 2024 NCRMLS
Listing courtesy of Denny Shrock of Keller Williams Crystal Coast: .


Mid Carolina MLS logo© 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2024-05-22T18:58:47.983.
 
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Thirty 4 North Properties Group | Coldwell Banker Sea Coast Advantage
110 Dungannon Blvd, Suite 100
Wilmington NC, 28403