4622 Arendell Street, Morehead City, NC 28557 (MLS# 100337902)

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4622 Arendell Street, Morehead City, NC 28557

$2,080,000
Property Type: Comm Sale or Lease Square Footage: 3,690 Status: Active
Current Price: $2,080,000 List Date: 7/08/2022 Last Modified: 7/30/2022

Description

INVESTMENT OPPORTUNITY!! This is a great business location in Morehead City with high traffic flow, 2.925 acres with over 280 ft road frontage, 7140 sqft commercial building including non-heated storage area, 6 residential houses including a duplex, 3473 sqft brick house duplex, and billboard space rent. Commercial building currently has long term lease with Electronics Plus as well as rented office space and is negotiable. Steady Rental Income! This property is located in a NC Opportunity Zones Program area which offers qualified investors certain tax benefits when they invest unrealized capital gains into these areas. For more information on this program see documents or look online for NC Opportunity Zones. Don't miss this excellent investment opportunity!!

More Information MLS# 100337902

Contract Info

Status: Active Effective Date: 2022-07-08 Delayed Marketing Date (DM): 2022-07-08 Sale/Lease: Sale Auction: No Listing Price: 2080000 Current Price: $2,080,000 List Price/SqFt: 563.69 Sub Agent Comm $/%: % Buyer Agent Comm: 2 Buyer Agent Comm $/%: % Variable Comm: No Stipulation of Sale: None

Location Information

Street #: 4622 Street Name: Arendell Street Suffix: Street County: Carteret State/Province: NC Zip Code: 28557 City Limits: Yes Marketing City: Morehead City Subdivision: Not In Subdivision Secondary Subdivision: N/A Geo Lat: 34.732209 Geo Lon: -76.782079

Remarks and Showing

Directions to Property: Hwy 24 to Hwy 70 Arendell Street, 1 mile from 24/70 Intersection, the Property is on the left hand side of the road. Sign on Property: No

Building Info

New Construction: No

Building/Ext Features

Lot Acres: 2.92 Lot SqFt: 127195 Lot Dimensions: 283x25x58x300x416x315 Irregular SqFt - Total Available: 7140 SqFt - Heated (Primary): 3690 Location Type: Mainland

Legal and Taxes

Tax Assessed Value: 787420 Deed Book: 1258 Deed Page: 298 Legal: Acreage Hwy 70 Morehead City Electronics Plus Building Broker Owner: No PID: 636615642896000 Tax Identifier: 636615642896000 Total Real Estate Property Taxes: 5605.69 Special Assessments: None Tax Year: 2021 Year Built: 1960 Zoning: Comm/Mixed Use HOA: No Cobra Zone: No

Service Providers

Electric Provider: Duke Progress Energy Sewer Provider: City of Morehead City Water Provider: City of Morehead City

Property Features

Sub-Type: Mixed Use; Retail; Commercial; Other C & I Features: Delivery Door; Security System; Storage Inside Construction: Block; Brick/Stone; Wood Frame Exterior Finish: Block; Brick; Wood Siding Flooring: Carpet; Concrete; Laminate; Tile; Vinyl; Wood Fuel Tank: Propane Above Ground Fuel Tank Ownership: Owned Sale/Lease Includes: Buildings; Land; See Remarks Parking/Driveway: Asphalt; On Site; Paved; Unpaved Road Type/Frontage: 4+ Lanes; Public (City/Cty/St) Roof: Flat; Shingle Location: Freestanding Lot Water Features: Water View Heating System Fuel Source: Electric; Propane Gas Utilities: Community Sewer; Community Water Terms: 1031 Exchange; Cash; Conventional; SBA
Listing Office: Sun-Surf Realty
Last Updated: July - 30 - 2022
4622 Arendell Street, Morehead City, NC 28557- MLS# 100337902
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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