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    5081 Business Dr Morehead City, NC 28557

    For Sale
    $1,650,000

    10 Acres, Water/Sewer, Opportunity Zone

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Prime 10.09-acre industrial land parcel in Morehead City, North Carolina, is available for $1,650,000. This exceptional property boasts an IP zoning designation, allowing for diverse development options including warehouse, flex space, manufacturing, storage, or other business uses. The site features 464 feet of road frontage on Business Drive, providing excellent visibility and accessibility. A completed wetland survey with final delineation is available, streamlining the development process. Recent survey and topographic surveys have also been completed. Water and sewer access are readily available. The property is situated in a thriving business and industrial area, near established national tenants such as Starbucks, Smoothie King, Sonic, Lidl, Holiday Inn Express & Suites, and CVS. This location offers significant potential for investors and developers seeking a large, undeveloped tract in a high-growth coastal community. The property's designation as an Opportunity Zone presents additional investment incentives. The APN is 636601089018000. The address is 5081 Business Dr, Morehead City, NC 28557.

    Property Features for 5081 Business Dr

    General Information

    Property type
    Land
    Lot Size
    439,520 SF

    HighLights

    • 10.09‑acre industrial land parcel in Morehead City, NC, priced at $1,650,000.
    • IP‑zoned, allowing for warehouse, flex, manufacturing, storage, or other business uses.
    • 464 feet of road frontage on Business Drive, offering excellent visibility and accessibility.
    • Completed wetland survey and recent topographic survey available.
    • Water and sewer readily available.
    • Located near Starbucks, Smoothie King, Sonic, Lidl, Holiday Inn Express & Suites, and CVS.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morehead City
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.797624
    Latitude
    34.7401399

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    FAQs

    What type of property is this?
    Land - 10 Acres, Water/Sewer, Opportunity Zone
    Where is this land located?
    The property is located at 5081 Business Dr Morehead City, NC.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: 10.09-acre industrial land parcel in Morehead City, NC, priced at $1,650,000.; IP-zoned, allowing for warehouse, flex, manufacturing, storage, or other business uses.; 464 feet of road frontage on Business Drive, offering excellent visibility and accessibility.
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    5081 Business Dr Morehead City, NC 28557
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    Morehead City, NC 28557
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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
    5081 Business Dr Morehead City, NC 28557
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