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    24251 Atlantic Dr Rodanthe, NC 27968

    Sponsored
    For Sale
    $1,900,000

    Historic landmark, prime oceanfront location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 1.84-acre oceanfront property in Rodanthe, NC, presents a unique investment opportunity. The iconic Rodanthe Pier, established in the 1960s, boasts approximately 500 feet of oceanfront expanse, offering breathtaking Atlantic views. Its rich history and prominent location make it a beloved destination, featured in popular films and attracting visitors year-round. The property's substantial size allows for significant development potential, subject to local regulations, potentially including a boutique hotel, resort, or exclusive oceanfront residences. The pier's current net operating income is $160,000. This prime location offers unparalleled access to the Outer Banks' natural beauty, including pristine beaches, diverse wildlife, and world-class surfing and fishing. Nearby amenities include charming shops, restaurants, and historical sites. This is a rare chance to acquire a piece of Outer Banks history and a highly sought-after coastal real estate asset. The property's potential for redevelopment, combined with its current income stream, makes it an exceptional investment opportunity.

    Property Features for 24251 Atlantic Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    80,150 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rodanthe
    County
    Dare
    State
    North Carolina
    Longitude
    -75.46144
    Latitude
    35.58495

    Nearby Comparable

    • $1,900,000
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      Rodanthe Warehouse: Oceanfront Investment

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      24251 Atlantic Dr, Rodanthe, NC 27968
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      Luxury Oceanfront Vacation Rental

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      Prime soundfront lot perfect for kiteboarders and windsurfers.
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    • $5,900,000
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      NC was established in 1983 and has become a beloved community staple known for its friendly service and diverse product range. This is truly a once in a lifetime time opportunity to own a landmark business that's part of the heartbeat of the community. It's central location supports the local community year round and is a destination stop for the thousands of tourist who visit the area annually. The volume of business Island Convenience generates makes it an extremely high volume business. With an average of$169k inside sales

      @$33k Deli Sales and @70K gallons on a monthly basis. \u00c2\u00a0Interested investors are asked to sign an NDA as well as provide proof of funds with request for detailed financials which include a detailed monthly sales report as well as P&L Statements.. With accepted offer the parcel will be surveyed
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    • $750,000
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      OBX Restaurant & Building Sale

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    Nearby Similar for Sale

    • $5,900,000
      6,936 SF

      NC was established in 1983 and has become a beloved community staple known for its friendly service and diverse product range. This is truly a once in a lifetime time opportunity to own a landmark business that's part of the heartbeat of the community. It's central location supports the local community year round and is a destination stop for the thousands of tourist who visit the area annually. The volume of business Island Convenience generates makes it an extremely high volume business. With an average of$169k inside sales

      @$33k Deli Sales and @70K gallons on a monthly basis. \u00c2\u00a0Interested investors are asked to sign an NDA as well as provide proof of funds with request for detailed financials which include a detailed monthly sales report as well as P&L Statements.. With accepted offer the parcel will be surveyed
      23532 Nc Hwy 12 Hwy, Rodanthe, NC 27968
      View Details
    • $1,900,000
      3,212 SF

      Rodanthe Warehouse: Oceanfront Investment

      Prime NC Warehouse, High NOI, Ocean Views
      24251 Atlantic Dr, Rodanthe, NC 27968
      View Details
    • $1,459,000
      4,449 SF

      Luxury Oceanfront Vacation Rental

      8BR, 7.5BA Ocean & Sound Views
      24205 Caribbean Ct, Rodanthe, NC 27968
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Historic landmark, prime oceanfront location.
    Where is this commercial real estate located?
    The property is located at 24251 Atlantic Dr Rodanthe, NC.
    What is the asking price?
    The asking price for this property is $1,900,000.
    (252) 256-2557
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    24251 Atlantic Dr Rodanthe, NC 27968
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    Rodanthe, NC 27968
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24251 Atlantic Dr Rodanthe, NC 27968
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