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8802 Reed Drive

Emerald Isle, NC 28594
  • $1,990,000
  • STATUS: Active
  • ON SITE: 108 Days
  • MLS #: 100310104
Price Reduced
$1,990,000
  • 0
    BEDS
  • 1.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,600
    SQFT
  • $207
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1994
County:
Area:

School Ratings & Info

Description

What you focus on expands - now is the time to make your dreams come true!! Are you looking to expand your commercial portfolio or possibly searching for the perfect parcel to invest in?! Do you have a business plan that you want to implement but don't have the physical space to do so? Look no further than this ''gem'' located on the Crystal Coast and Bogue Banks! By most measures, Emerald Isle is among the largest of the 21 oceanfront municipalities in North Carolina and has 2nd lowest property tax rate among those towns. Rare opportunity to own acreage located directly on Hwy 58 in Emerald Isle within the business district! Opportunity awaits the right investor with a streamlined growth mindset. The subject property is two contiguous commercial parcels that comprise 1.27 gross acres (55,321 gross square feet [SF]). The usable upland area is 1.27 acres (55,321 SF). It is improved with a 9,600 square feet (SF) commercial condominium building and zoned for a Business District use. The building is currently at 100% occupancy rate and the current Owners have been proactive in the maintenance of the property so this transition can be seamless and turn-key. We are excited to provide the opportunity for you to partner with local zoning boards to create an outstanding mix of future growth specific to this property. Emerald Isle has become a top destination for weddings, vacationing, shopping, dining and entertainment with local events and attractions that keep full time residents as well as second home and short term vacationers coming back year after year. Emerald Isle is a wealthy Coastal community providing upwards of 20% of the County's total taxable value . The permanent population of Emerald Isle is approx. 3,784 while the peak-season population is upwards of 40,000. Emerald Isle features only 200 acres zoned for commercial and mixed use (of total 3,200 acres) ~ 6% of the island and this property encompasses 1.27 acres out of the 200. This property is adjacent tomultiple maintained roads with tremendous exposure in addition to being located directly along the Emerald Isle Bike path and can be visibly seen from both Emerald Drive (State Highway 58) and local street Reed Drive. The parking is shared. Current tenants in place include: Mexican Restaurant, Caf & Bakery, Real Estate office and affiliated vendor partners all under one roof! Don't miss out on this once in a lifetime purchase! The future growth is exponential with the harmonious efforts the local business owners, residents, Town, County officials and tourists invest in this 5.2 mile stretch of prime real estate alone! Financials and leases shared with fully executed NDA.

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© 2022 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 2022-05-19T23:56:42.71.
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8802 Reed Drive Emerald Isle, NC 28594

  • Price: $1,990,000
  • Status: Active
  • On Site: 108 Days
  • MLS #: 100310104
0
Beds
0
Baths
0
½ Baths
1.27
Acres
9,600
SQFT
$207
$/SQFT
1994
Built
Neighborhood:
Not In Subdivision
County:
Carteret
Area:
Emerald Isle
Property Description
What you focus on expands - now is the time to make your dreams come true!! Are you looking to expand your commercial portfolio or possibly searching for the perfect parcel to invest in?! Do you have a business plan that you want to implement but don't have the physical space to do so? Look no further than this ''gem'' located on the Crystal Coast and Bogue Banks! By most measures, Emerald Isle is among the largest of the 21 oceanfront municipalities in North Carolina and has 2nd lowest property tax rate among those towns. Rare opportunity to own acreage located directly on Hwy 58 in Emerald Isle within the business district! Opportunity awaits the right investor with a streamlined growth mindset. The subject property is two contiguous commercial parcels that comprise 1.27 gross acres (55,321 gross square feet [SF]). The usable upland area is 1.27 acres (55,321 SF). It is improved with a 9,600 square feet (SF) commercial condominium building and zoned for a Business District use. The building is currently at 100% occupancy rate and the current Owners have been proactive in the maintenance of the property so this transition can be seamless and turn-key. We are excited to provide the opportunity for you to partner with local zoning boards to create an outstanding mix of future growth specific to this property. Emerald Isle has become a top destination for weddings, vacationing, shopping, dining and entertainment with local events and attractions that keep full time residents as well as second home and short term vacationers coming back year after year. Emerald Isle is a wealthy Coastal community providing upwards of 20% of the County's total taxable value . The permanent population of Emerald Isle is approx. 3,784 while the peak-season population is upwards of 40,000. Emerald Isle features only 200 acres zoned for commercial and mixed use (of total 3,200 acres) ~ 6% of the island and this property encompasses 1.27 acres out of the 200. This property is adjacent tomultiple maintained roads with tremendous exposure in addition to being located directly along the Emerald Isle Bike path and can be visibly seen from both Emerald Drive (State Highway 58) and local street Reed Drive. The parking is shared. Current tenants in place include: Mexican Restaurant, Caf & Bakery, Real Estate office and affiliated vendor partners all under one roof! Don't miss out on this once in a lifetime purchase! The future growth is exponential with the harmonious efforts the local business owners, residents, Town, County officials and tourists invest in this 5.2 mile stretch of prime real estate alone! Financials and leases shared with fully executed NDA.
Exterior Features

Construction Steel Frame Exterior Finish See Remarks Foundation Slab Location Cent Business DistrictFreestandingGen Bus DistrictOffice CenterSee RemarksShopping Center Location Type Island Lot Dimensions Irreg Lot Water Features None Parking Driveway AssignedOn SitePavedPrivateShared Road Type Frontage MaintainedPavedPublic (City/Cty/St)

Interior Features

Attic None Basement None Flooring See Remarks

Property Features

Auction No City Limits Yes Cobra Zone No Commercial Features Refrig StorageWalk-In Cooler Commercial Sub Type Business FlexFood ServiceMixed UseOfficeRetailShopping Center Electric Provider Carteret-Craven Emc Financial Info Yes Hoa Amenities See Remarks Hoa YN No Lease Types See Remarks New Construction No Possession At ClosingSubject To Tenant Rights Sale Lease Includes BuildingsLand Sale Or Lease Sale Secondary Subdivision N/A Stipulation Of Sale None Tax Year 2021 Terms CashConventionalSee Remarks Water Provider Bogue Banks Water Corp Water Sewer Municipal WaterSee RemarksSeptic On Site Zoning B



Listing information © 2022 NCRMLS
Listing courtesy of Buy The Beach Realty Carla Abee Team 281404 Carla Abee of Keller Williams Crystal Coast: (252) 515-7291.


© 2022 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 2022-05-19T23:56:42.71.
 
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Thirty 4 North Properties Group | Coldwell Banker Sea Coast Advantage
110 Dungannon Blvd, Suite 100
Wilmington NC, 28403