8802 Reed Drive, Emerald Isle, NC 28594 (MLS# 100310104)

8802 Reed Drive, Emerald Isle, NC 28594

$1,930,000
Property Type: Comm Sale or Lease Square Footage: 9,600 Lot Size (sq. ft.): 55,321 Status: Closed
Current Price: $1,930,000 List Date: 1/31/2022 Last Modified: 8/26/2022

Overview

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 ...

Supplements: multiple 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, Café & Bakery, Real Estate office and affiliated vend ...

Listing Details MLS# 100310104

Contract Info

Marketing Start Date
2022-01-31
Sub-Type
Improved
Sale/Lease
Sale
Auction
No
Listing Price
1990000
List Price/SqFt
207.29
Stipulation of Sale
Standard

Location Information

Street #
8802
Street Name
Reed
Street Suffix
Drive
County
Carteret
State/Province
NC
Zip Code
28594
City Limits
Yes
Marketing City
Emerald Isle
Subdivision
Not In Subdivision
Secondary Subdivision
N/A

Remarks and Showing

Directions to Property
From Hwy 58 take 1st right at round about. Turn left onto Reed drive. Property will be on your left, no sign.
Sign on Property
No

Building Info

New Construction
No

BuildingExt Features

SqFt - Heated (Primary)
9600

Legal and Taxes

Tax Assessed Value
718190
Deed Book
1659
Deed Page
156
Legal
U1 U2 U3 U4 U5 MCQUEENS PLAZA CONDOS
Broker Owner
No
PID
Multiple Parcels
Tax Identifier
538311577130000
Plat Book
10Q
Plat Page
690
Special Assessments
N/A
Tax Year
2021
Year Built
1994
Zoning
B
HOA
No
Cobra Zone
No

More Information

Status Change Info

Under Contract Date
2022-06-12
Sold Date
2022-08-26

Current Service Providers

Electric Provider
Carteret-Craven EMC
Water Provider
Bogue Banks Water Corp

Financial Info

Financial Info
Yes

Property Features

Business Type: Business Flex; Food Service; Mixed; Professional/Office; Retail; Shopping Center Showing Instructions: Special Instructions HOA and Neigh Amenities: See Remarks Attic: None Basement: None Construction: Steel Frame Exterior Finish: See Remarks Flooring: See Remarks Foundation: Slab Parking Features: Assigned; On Site; Paved; Private; Shared Driveway Location: Cent Business District; Freestanding; Gen Bus District; Office Center; Shopping Center; See Remarks Lot Water Features: None Heating System Fuel Source: Electric Utilities: Water Available; See Remarks Sewer: Septic Tank Water Source: Municipal Water Terms: Cash; Conventional; See Remarks Lease Types: See Remarks
IDX
Listing Office: Keller Williams Crystal Coast
Last Updated: August - 26 - 2022
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