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    301 Hodges St Oriental, NC 28571

    For Sale
    $4,990,000

    Historic waterfront village, mixed-use potential.

    Property size:
    89,734 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 2.06-acre property in Oriental, NC (APN 6487916908000), offers a transformative redevelopment opportunity. Located at 301 Hodges St, this mixed-use (MU-1 zoning) site boasts 89,734 square feet and includes six buildings, each two stories high, built in 1986. The property features two deepwater docks and one loading dock, presenting significant potential for various uses, including residential, commercial, and recreational developments. The existing structures provide a solid foundation for a revitalization project, creating a vibrant village center. The property's prime waterfront location in a picturesque historic village offers stunning views and easy access to local attractions. This project is envisioned to blend historic preservation with modern amenities and sustainable design principles, fostering community engagement and economic growth. Potential uses include, but are not limited to, a fish market/seafood restaurant, luxury condominiums with private docking, a hotel, a marina, an education lab, or duplex townhomes. The property is already approved for subdivision and enjoys strong support from local officials, who are open to exploring various development options. Post-sale assistance is available to facilitate a smooth transition and support the successful execution of the chosen development plan. This is a unique chance to create a thriving waterfront village center that honors the past while embracing the future.

    Property Features for 301 Hodges St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    89,734 SF
    Lot Size
    89,734 SF

    Building Details

    Year Built
    1986
    Buildings
    6
    Stories
    2

    HighLights

    • 2.06‑acre waterfront property in Oriental, NC (APN 6487916908000) approved for subdivision.
    • Strong support from local officials for various development options.
    • Post‑sale development assistance available.
    • Potential uses include: fish market/seafood restaurant, luxury condos with private docking, hotel, marina, education lab, and duplex townhomes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Garland F Fulcher ... Market Oriental Farmers' Market Shopping Mall

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oriental
    County
    Pamlico
    State
    North Carolina
    Longitude
    -76.695742251766
    Latitude
    35.025083129127

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    FAQs

    What type of property is this?
    Mixed-use property - Historic waterfront village, mixed-use potential.
    Where is this mixed-use property located?
    The property is located at 301 Hodges St Oriental, NC.
    What is the asking price?
    The asking price for this property is $4,990,000.
    What are key features of this property?
    This property features: 2.06-acre waterfront property in Oriental, NC (APN 6487916908000) approved for subdivision.; Strong support from local officials for various development options.; Post-sale development assistance available.
    Request Owner's contact information
    301 Hodges St Oriental, NC 28571
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    Oriental, NC 28571
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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
    301 Hodges St Oriental, NC 28571
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