$345.01 Per Sq Foot $8,738 est/mo Sourced by Back At You

500 Arendell Street,Morehead City, NC 28557

Morehead City NC, 28557

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Description

Historic Downton Morehead City Bed & Breakfast, On the Crystal Coast with Panoramic Water Views and 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:

Details

MLS#100409407
Listing TypeFor Sale
StyleTown House
StatusActive
Year1903
Days On Site223
Listing Provided ByKeller Williams Crystal Coast | Denny Shrock

Features

N/A4,855
ZoningB-1
Acreage0.08

Market Activity 28557

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Listings Checked: 1 minute ago
StateNC
CountyCarteret
CityMorehead City
Zip Code28557
AreaCarteret
Community NameNot In Subdivision
Listing VS Median (in Not In Subdivision)
Price:
$1,675,000
low | high
Med:
$274,900
100% of Average
SqFt:
4,855
low | high
Med:
1,789
100% of Average
$ / SqFt:
$345
low | high
Med:
$158
100% of Average
On Site:
223
low | high
Med:
68
100% of Average
Sourced by Back At You
Listing Updated: April 1, 2024 at 11:06:27 PM PDT