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    204 Turner St Beaufort, NC 28516

    Sponsored
    For Sale
    $1,690,000

    Historic motel, redevelopment potential.

    Property size:
    3,132 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Prime Beaufort, NC investment opportunity: a 3,132 sq ft motel on a 0.28-acre lot (APN 730617107777000) at 204 Turner St, zip code 28516. This property, zoned TR - Transitional District, boasts a historic Masonic Lodge built in 1845. Currently priced at $1,690,000 ($539.59/sq ft), it presents a unique coastal development opportunity. The seller is providing permit-ready architectural plans for a proposed 21-room boutique hotel, along with all intellectual property, including branding, URLs, and social media handles. The property's walkability to Beaufort's thriving downtown area ensures strong potential for success. Further details, including a survey, proforma, and zoning letter, are available at the provided link. This offering represents a rare chance to acquire a piece of Beaufort's rich history and capitalize on its burgeoning growth. The property's location and included assets make it an exceptional investment for those seeking a high-return venture in a desirable coastal setting.

    Property Features for 204 Turner St

    General Information

    Property type
    Motels
    Square Feet
    3,132 SF
    Lot Size
    12,197 SF

    Building Details

    Year Built
    1845
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Beaufort
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.664336
    Latitude
    34.7187779

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    FAQs

    What type of property is this?
    Motel - Historic motel, redevelopment potential.
    Where is this motel located?
    The property is located at 204 Turner St Beaufort, NC.
    What is the asking price?
    The asking price for this property is $1,690,000.
    Request Owner's contact information
    204 Turner St Beaufort, NC 28516
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    Beaufort, NC 28516
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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
    204 Turner St Beaufort, NC 28516
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