Mixed-Use Building with
New
For Sale
$549,000
316 Marsh Street, Beaufort, NC 28516
Commercial Sale, Beaufort, NC
Property Size1,584 SF
Lot Size0.07 Acres
Price / SF$346.59
Days on Market2
Property Features for 316 Marsh Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed Use
Subdivision
Not In Subdivision
Directions
From Hwy 70 East, continue into downtown Beaufort on Cedar Street. Turn right onto Marsh Street. Property is located at 316 Marsh Street on the left.
Standard status
Active
APN
730618305455000
Size
1,584 SF
Lot size
0.07 Acres
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Year
2025
Tax Description
MARSH ST NEW TOWN BEAUFORT
Tax Annual Amount
2631
Legal Description
MARSH ST NEW TOWN BEAUFORT
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1935
Building materials
Block
Roof type
Shingle
Buildings
1
Listing Agency:
Wheatly and Combs Premier Properties
Listed By:
Brittany Wheatly · License #325997
(252) 241-7080
Added: Oct 30
Last Checked: Oct 31 at 6:06PM
MLS# 100613612
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 316 Marsh Street, this 1,584-square-foot mixed-use building dates to 1935 and sits on a 0.07-acre lot. The layout includes two commercial spaces and two residential apartments. The commercial sides previously housed a barbershop and a beauty salon. The property has mixed-use zoning, block construction, a shingle roof, central air, and electric heat pump heating.
The building is in downtown Beaufort, a few blocks from the waterfront, shops, and restaurants. Public water serves the property. Any use is subject to applicable zoning requirements and approvals.
The building is in downtown Beaufort, a few blocks from the waterfront, shops, and restaurants. Public water serves the property. Any use is subject to applicable zoning requirements and approvals.
Key Highlights
- 1,584‑square‑foot mixed‑use building on a 0.07‑acre lot
- Two commercial spaces and two residential apartments
- Built in 1935; block construction and shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,362
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,240
$367.2K
Cap Rate 7%
$262,314
$262.3K
Cap Rate 9%
$204,022
$204.0K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$28.5K $18.00/SF
− Vacancy
−$2.3K −$1.44/SF
EGI
$26.2K $16.56/SF
− OpEx
−$7.9K −$4.97/SF
NOI
$18.4K $11.59/SF
Area
Carteret County, NC
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,240
Cap Rate 7%
$262,314
Cap Rate 9%
$204,022
Alternative Uses
Best Use
Retail
$262.3K
$229.5K – $306.0K
NOI $18,362 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$182.9K
$160.0K – $213.4K
NOI $12,802 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$475.2K
$415.8K – $554.4K
NOI $33,264 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
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Business Placement
Demographics for 28516, NC
11,204
Population
7,183
Households
1.6
Avg Household Size
52
Median Age
27%
College-Educated
89%
High-School Grad
125.7 sq mi
ZIP Area
89
Density / Sq Mi
$63,257
Median Household Income
$36,227
Median Earnings
$869
Median Rent
$292,300
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial spaces accompany residential apartments in this downtown Beaufort property.
Where is this mixed-use property located?
The property is located at 316 Marsh Street Beaufort, NC.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 1,584‑square‑foot mixed‑use building on a 0.07‑acre lot; Two commercial spaces and two residential apartments; Built in 1935; block construction and shingle roof
