Active
500 Arendell Street
Morehead City NC, 28557
$1,750,000
$315.88 per sqft
Active
5,540 sqft
Commercial
Built in 1920
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.
100475292
MLSⓇ ID
November 10, 2024
Listed
November 22, 2024
Updated
Map
500 Arendell Street
Morehead City NC, 28557
Interior Features
Floor Description
Concrete, Tile, Wood
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Heat Pump, Electric, Forced Air, Propane
Exterior/Building Features
Lot Size
0.08 Acres
Lot Features
See Remarks, Corner Lot
Roof
Membrane, Flat
Sewer
Municipal Sewer
Other Property Details
Taxes
$1,463
Tax Frequency
Annually
Days on Market
7
Association Fee Frequency
Yearly
Garage
Yes
Parking
Off Street
Parking Total
4
View
Yes
View Description
Marina, Ocean, Sound View, Water
County
Carteret
Water Source
Municipal Water
Pool
No
Waterfront
Yes
Zoning
DB
Courtesy of Keller Williams Realty with ROSS BEEBE,
Listing Contact: 252-229-0933
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Data last updated 1:42 PM UTC, 11/22/2024