4622 Arendell Street, Morehead City, NC 28557 (MLS# 100337902)

4622 Arendell Street, Morehead City, NC 28557

$1,900,000

Existing Business is not included in sale

Non-heated Inside Storage Room in Buildi

Property Type: Comm Sale or Lease Square Footage: 3,690 Lot Size (sq. ft.): 127,195 Status: Closed

Current Price: $1,900,000 List Date: 7/08/2022 Last Modified: 9/06/2023

Overview

Description

INVESTMENT OPPORTUNITY!! This is a great business location in Morehead City with high traffic flow, 2.925 acres with over 280 ft road frontage, 7140 sqft commercial building including non-heated storage area, 6 residential houses including a duplex, 3473 sqft brick house duplex, and billboard space rent. Commercial building currently has long term lease with Electronics Plus as well as rented office space and is negotiable. Steady Rental Income! This property is located in a NC Opportunity Zones Program area which offers qualified investors certain tax benefits when they invest unrealized capital gains into these areas. For more information on this program see documents or look online for NC Opportunity Zones. Don't miss this excellent investment opportunity!!

Listing Details MLS# 100337902

Contract Info

Marketing Start Date: 2022-07-08
Sale/Lease: Sale
Auction: No
Listing Price: 1900000
List Price/SqFt: 514.91
Stipulation of Sale: Standard

Location Information

Street #: 4622
Street Name: Arendell
Street Suffix: Street
County: Carteret
State/Province: NC
Zip Code: 28557
City Limits: Yes
Marketing City: Morehead City
Subdivision: Not In Subdivision
Secondary Subdivision: N/A

Remarks and Showing

Directions to Property: Hwy 24 to Hwy 70 Arendell Street, 1 mile from 24/70 Intersection, the Property is on the left hand side of the road.
Sign on Property: No

Building Info

New Construction: No

BuildingExt Features

SqFt - Heated (Primary): 3690

Legal and Taxes

Tax Assessed Value: 787420
Deed Book: 1258
Deed Page: 298
Legal: Acreage Hwy 70 Morehead City Electronics Plus Building
Broker Owner: No
PID: 636615642896000
Tax Identifier: 636615642896000
Total Real Estate Property Taxes: 5605.69
Special Assessments: None
Tax Year: 2021
Year Built: 1960
Zoning: Comm/Mixed Use
HOA: No
Cobra Zone: No

More Information

Status Change Info

Under Contract Date: 2022-08-25
Sold Date: 2022-11-08

Current Service Providers

Electric Provider: Duke Progress Energy
Sewer Provider: City of Morehead City
Water Provider: City of Morehead City

Property Features

Business Type: Mixed; Retail; Commercial; Other View Type: Water Construction: Block; Brick/Stone; Wood Frame Exterior Finish: Block; Brick; Wood Siding Flooring: Carpet; Concrete; Laminate; Tile; Vinyl; Wood Fuel Tank: Propane Above Ground Fuel Tank Ownership: Owned Parking Features: Asphalt; On Site; Paved; Unpaved Roof: Flat; Shingle Location: Freestanding Heating System Fuel Source: Electric; Propane Utilities: Water Available Sewer: Community Sewer Water Source: Community Water Terms: 1031 Exchange; Cash; Conventional; SBA

IDX

Listing Office: Sun-Surf Realty

Last Updated: September - 06 - 2023

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