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Prime Waterfront Multi-Use Development Opportunity
For Sale
$4,599,000

301 Hodges Street, Oriental, NC 28571

Two-acre waterfront property with deepwater dockage in Oriental, North Carolina.

Property Size18,289 SF
Lot Size2.06 Acres
Price / SF$251.46
Days on Market1164

Property Features for 301 Hodges Street

General Information

Standard status Active
Size 18,289 SF
Lot size 2.06 Acres
Property subtype Commercial/Industrial

Building Details

Year Built 1986
Listing Agency: NEUSE REALTY, INC
Listed By: MARGARET ROSE · License #116149
Source: Exitrealty
Added: May 25, 2023 Changed: Jul 10 Last Checked: May 20 at 12:30AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NEUSE REALTY, INC

Investment Insights

Based on property information with market context.

This two-acre waterfront property is located in Oriental, North Carolina, known as the sailing capital of the US East Coast, and includes attached deepwater dockage. Redevelopment end uses currently contemplated include 20 seaside condominium units or an international ECO Hub to showcase emerging products and services in the sustainability space. Nearby regional airports, colleges and universities, and waterfront access to the ICW support various end uses. Appraisal, surveys, and Phase 1 reports are available for review. This commercial multi-use development project aims to revitalize an underutilized commercial building, transforming it into a vibrant village center. The project includes a blend of residential, commercial, and recreational spaces, preserving the building's historic charm while incorporating modern amenities and sustainable design principles. Extensive community involvement ensures the project aligns with local needs, fostering a sense of ownership. The development will stimulate the economy and create jobs by attracting small businesses, restaurants, and retail shops. It will also feature spaces for cultural events, art galleries, performance venues, and outdoor parks. Incorporating energy-efficient systems, green roofs, and water conservation measures, the project aims to minimize its environmental impact. The property has already been approved for subdivision and subdivided for future development, including retail, hospitality, and education. Local leaders are supportive of use cases such as a fish market or seafood restaurant, luxury condominiums with private vessel docking, a hospitality or hotel, a marina with deep water docking, an education lab or global eco hub, or a 20-unit duplex town waterfront village.

Key Highlights

  • Two acres of prime waterfront MU‑1 property with attached deepwater dockage in Oriental, NC (Sailing Capital of the US East Coast).
  • Approved for subdivision and various development options including retail, hospitality, education, and residential.
  • Potential for 20 seaside condominium units OR an international ECO Hub.

Property Analytics

Current Use

Garland F Fulcher ... Food Market Oriental Farmers' Market Shopping Center & Mall

Suggested Use

Top Pick Building Supply HVAC Service Auto Repair Shop Dental Office Law Firm Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

177
Businesses Nearby

Demographics for 28571, NC

2,502
Population
1,889
Households
1.3
Avg Household Size
63
Median Age
42%
College-Educated
95%
High-School Grad
50.8 sq mi
ZIP Area
49
Density / Sq Mi
$67,961
Median Household Income
$33,750
Median Earnings
$1,106
Median Rent
$365,100
Median Home Value
Rey
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Frequently Asked Questions

What type of property is this?
Waterfront Land - Two-acre waterfront property with deepwater dockage in Oriental, North Carolina.
Where is this waterfront land located?
The property is located at 301 Hodges Street Oriental, NC.
What is the asking price?
The asking price for this property is $4,599,000.
What are key features of this property?
This property features: Two acres of prime waterfront MU‑1 property with attached deepwater dockage in Oriental, NC (Sailing Capital of the US East Coast).; Approved for subdivision and various development options including retail, hospitality, education, and residential.; Potential for **20 seaside condominium units OR an international ECO Hub.**
More about this property
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