$1,930,000
Emerald Isle, NC 28594
MLS# 100310104
Status: Closed
9600 sqft
1 / 49
Property 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 building is currently at 100% occupancy rate and the current Owners have been proactive in the maintenance of the property so this transition can be seamless and turn-key. We are excited to provide the opportunity for you to partner with local zoning boards to create an outstanding mix of future growth specific to this property. Emerald Isle has become a top destination for weddings, vacationing, shopping, dining and entertainment with local events and attractions that keep full time residents as well as second home and short term vacationers coming back year after year. Emerald Isle is a wealthy Coastal community providing upwards of 20% of the County's total taxable value . The permanent population of Emerald Isle is approx. 3,784 while the peak-season population is upwards of 40,000. Emerald Isle features only 200 acres zoned for commercial and mixed use (of total 3,200 acres) ~ 6% of the island and this property encompasses 1.27 acres out of the 200. This property is adjacent to
Details
Maps
Contract Info
Status: Closed
Delayed Marketing Date (DM): 2022-01-31
Sub-Type: Improved
Sale/Lease: Sale
Auction: No
Listing Price: 1990000
Current Price: $1,930,000
List Price/SqFt: 207.29
Sub Agent Comm $/%: %
Buyer Agent Comm: 2
Buyer Agent Comm $/%: %
Variable Comm: No
Stipulation of Sale: None
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
Geo Lat: 34.660662
Geo Lon: -77.051066
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
Building/Ext Features
Lot Acres: 1.27
Lot SqFt: 55321
Lot Dimensions: Irreg
SqFt - Heated (Primary): 9600
Location Type: Island
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
Status Change Info
Under Contract Date: 2022-06-12
Sold Price: $1,930,000
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
Sub-Type: Business Flex; Food Service; Mixed Use; Office; Retail; Shopping Center
Lease Commission: Total Lease $
Showing Instructions: Special Instructions
HOA and Neigh Amenities: See Remarks
Attic: None
Basement: None
C & I Features: Refrig Storage; Walk-in Cooler
Construction: Steel Frame
Exterior Finish: See Remarks
Flooring: See Remarks
Foundation: Slab
Sale/Lease Includes: Buildings; Land
Parking Features: Assigned; On Site; Paved; Private; Shared
Road Type/Frontage: Maintained; Paved; Public (City/Cty/St)
Location: Cent Business District; Freestanding; Gen Bus District; Office Center; Shopping Center; See Remarks
Lot Water Features: None
Heating System Fuel Source: Electric
Utilities: Municipal Water; Septic On Site; See Remarks
Terms: Cash; Conventional; See Remarks
Lease Types: See Remarks
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 vendor partners all under one roof! Don't miss out on this once in a lifetime purchase! The future growth is exponential with the harmonious efforts the local business owners, residents, Town, County officials and tourists invest in this 5.2 mile stretch of prime real estate alone! Financials and leases shared with fully executed NDA.
Listing Office: Keller Williams Crystal Coast
Last Updated: August - 26 - 2022
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.