500 Arendell St Morehead City, NC 28557
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Historic Downtown B&B, Huge Potential
Property size:
5,540 SFProperty Features for 500 Arendell St
General Information
- Property type
- Bed & breakfasts
- Square Feet
- 5,540 SF
- Class
- B
- Lot Size
- 3,485 SF
Building Details
- Year Built/Renovated
- 1920/2004
- Buildings
- 1
- Stories
- 2
Listing Agency: Inner Banks Properties Listing Agent: Ross Beebe
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional Morehead City property, situated on a 0.08-acre lot at 500 Arendell Street, presents a unique investment opportunity. The 5,540 square foot building, originally constructed in 1920 and extensively renovated in 2004, boasts a Class B designation and is zoned DB. Currently operating as a successful bed and breakfast and AirBnB, the two-story structure features three residential living spaces, making it ideal for owner-occupancy. The property includes four parking spaces (two in off-street garages) and offers panoramic waterfront views from its rooftop deck and hot tub. Engineered for expansion, plans are in place to add up to five more rental units and event space, significantly increasing income potential. Its prime location in the historic district, near restaurants, shops, and the waterfront, ensures high demand. The building is a "Fortified Structure," designed to withstand Category 5 hurricane forces. This meticulously restored and renovated property offers substantial rental and event income possibilities, making it a compelling investment in a thriving downtown location. The property's APN is 638620814325000 and is offered fee simple. The asking price is $1,750,000.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Art Farm Inc
Food Processing Plant
Location Insight
- Map
- Local Demand
- City
- Morehead City
- County
- Carteret
- State
- North Carolina
- Longitude
- -76.708342197799
- Latitude
- 34.721036691765
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FAQs
What type of property is this?
Bed & breakfast - Historic Downtown B&B, Huge Potential
Where is this bed & breakfast located?
The property is located at 500 Arendell St Morehead City, NC.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Prime Morehead City Historic District location.; Walkable to restaurants, shops, and Big Rock Landing.; Convenient beach access on the Crystal Coast.