$850,000
North Topsail Beach, NC 28460
MLS# 100409086
3211 sqft
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Property Description
Incredible 2nd row Investment Opportunity on Over 2 Acres! Welcome to 4021 Island Drive, a fantastic investment property nestled in the heart of North Topsail Beach, NC. This expansive property, spanning over 2 acres, presents a unique and diverse range of income opportunities. This property is truly a smart investor's dream. It currently features a two-unit building leased to a successful restaurant and a super cool hip local surf shop. In addition, there's income generated from a standalone ice machine, as well as renting out multiple parking spaces on the property year-round to both locals and tourists. What sets this property apart is the location and unobstructed ocean access directly across the st. Don't forget about the exceptional care and maintenance it has received. The building has been meticulously looked after, including recent HVAC updates, a huge outdoor patio and a sturdy metal roof that adds to its longevity and value. The financial stability is noteworthy. All tenants are on long-term modified gross leases, providing a reliable and steady income stream for years to come, offering you peace of mind as an investor. And let's not forget the prime location! Just a stone's throw from the ocean, this property offers easy access to the beautiful sandy shores and is also mere steps away from the serene soundside salt marsh. It's a location that's not just great; it's exceptional. This offering includes two parcels being sold together, allowing for flexibility and potential future development. If you're interested, the restaurant is also available for sale separately, giving you even more investment options. Whether you're a seasoned investor or just getting started, 4021 Island Drive combines an ideal coastal location, multiple income streams, and long-term stability, making it a rare and promising investment opportunity. Don't miss out on this unique chance. Reach out today for more details or to schedule a viewing.
Details
Maps
Contract Info
Status: Active
Effective Date: 2023-10-10
Delayed Marketing?: No
Delayed Marketing Date (DM): 2023-10-10
Sub-Type: Improved
Garage: N/A
Sale/Lease: Sale
Auction: No
Listing Price: 850000
Current Price: $850,000
List Price/SqFt: 264.72
Sub Agent Comm $/%: %
Buyer Agent Comm: 3
Buyer Agent Comm $/%: %
Variable Comm: No
Stipulation of Sale: None
Location Information
Street #: 4021
Street Name: Island
Street Suffix: Drive
County: Onslow
State/Province: NC
Zip Code: 28460
City Limits: Yes
Marketing City: North Topsail Beach
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 34.479753
Geo Lon: -77.448423
Remarks and Showing
Directions to Property: From Surf City Follow State Hwy 210 E to Inland Dr in North Topsail Beach
Sign on Property: No
Building Info
New Construction: No
Building/Ext Features
Lot Acres: 2.05
Lot SqFt: 89298
Lot Dimensions: irreg
SqFt - Apx Total: 3211
SqFt - Total Available: 3211
SqFt - Heated (Primary): 3211
Location Type: Island
Legal and Taxes
Tax Assessed Value: 555690
Deed Book: 5394
Deed Page: 971
Legal: L5 Bradshaw Division | L4 Bradshaw Division S/F 769-4.2
Broker Owner: No
PID: 164782 & 053150
Tax Identifier: 053150
Plat Book: 75
Plat Page: 176
Total Real Estate Property Taxes: 6029.24
Tax Year: 2023
Year Built: 2016
Zoning: B-1
Cobra Zone: No
Property Features
Sub-Type: Food Service; Retail; Commercial
Frontage Type: See Remarks
View Type: Ocean View; Sound View; Water View
Sale/Lease Includes: Buildings; See Remarks
Current Use: Commercial; Recreational; Retail
Heating System Fuel Source: Electric
Terms: 1031 Exchange; Cash; Conventional
Lease Types: Modified
Listing Office: Keller Williams Innovate-Wilmington
Last Updated: April - 23 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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