MLS # 106090
27225 Sand Street
Salvo, NC 27972
$429,900
 
Bedrooms
Bathrooms
Sq. Ft.

About This Property

Opportunity is Knocking....Ocean Block Motel Sale 12 rooms + 4 Studio Apartments ......26%+/- CAP RATE ( ROI Net before depreciation) ....2019 TAX VALUE $401,200 (Land + Bldg - Business Not included) ....Location - Location - Location....We Got The Beach....2 lots back ocean front.....Direct Ocean Beach Access Over Dune (foot steps to Ocean).......Wide Beach with 2X Double Dune.....Best Flood Zone AE 8 Ocean Block.....See Salvo Ship Wreck ....NEW ROOF 2015-2016 + RECENT REMODEL ,,,, Opportunity is Knocking for Owner Operator or Investor....26%+/-CAP Rate (ROI) ....$280,000+/- Rental Income Potential ..HIGH TRAFFIC RESORT AREA.... There are Very Few Motels in area or Hatteras Island....Season Aril thru November. ...Cape Hatteras National Seashore reports 7,000+ Daily Traffic NC Hwy 12.....2.5+ Million Visitors Annually & Rising 2019... Outer Banks Chamber Commerce reports 5.5+ Million Tourist Annually...Close to Shopping, Dining, Salvo Day Use Sound Side Park, 4x4 ORV Ramp 23 nearby...Near By Nights in Rodanthe House.... New Bridge NC Hwy 12 Oregon Inlet Now Open April 2019 ++++ New Bridge NC Hwy 12 In Process Rodanthe - Waves - Salvo + All Hatteras Island + Ferry To Ocracoke....Will Post More Photos + Aerial in Process....2019 TAX VALUE $401,200 LAND + BUILDING ONLY ....DOES NOT INCLUDE BUSINESS VALUE (see attached data sheet)...Call Broker

Property Details

MLS:
106090
Address:
27225 Sand Street
Town:
Salvo
Price:
$429,900
Estimated Monthly Mortgage:
$1,955/mo.
Listing Agent:
Jakob, Frank
Listing Company:
Cape Hatteras Realty & Const.
Area:
Salvo Oceanside
Subdivision:
 
Waterfront Location:
2 - lots from oceanfront (3rd ro
Oceanside Location:
 
Soundside Location:
 
Heated Area:
Sq ft.
Year Built:
1971
Map
Share This Listing

Nearby Listings

No related listings.