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    Caratoke Hwy Grandy, NC 27939

    Sponsored
    For Sale
    $526,500

    11.3 Acres, Highway Frontage, Outer Banks Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11.3-acre commercial land parcel presents a remarkable investment opportunity in Grandy, North Carolina. Strategically located on Caratoke Highway, this property boasts unparalleled road visibility, ensuring maximum exposure for any business venture. Its proximity to the Outer Banks provides easy access to a thriving tourist market and a diverse population base. The expansive acreage offers endless possibilities for development, from industrial uses to other commercial applications. The seller is open to subdividing the land to accommodate specific project needs, offering flexibility for potential buyers. Furthermore, owner financing may be available, making this prime real estate even more accessible. Situated in Currituck County, with a 27939 zip code, this property is ideally positioned for success. The high-traffic location and potential for subdivision make this a truly unique opportunity to establish a thriving business in a desirable area. Don't miss this chance to acquire a piece of prime commercial real estate with exceptional visibility and development potential.

    Property Features for 0 Caratoke Hwy

    General Information

    Property type
    Land

    HighLights

    • 11.3‑acre commercial land parcel in Grandy, NC, offering high visibility on Caratoke Highway.
    • Excellent location near the Outer Banks, providing access to a strong tourist market and diverse population.
    • Suitable for various commercial and industrial developments; seller open to subdividing the land.
    • Owner financing may be considered.
    • Located in Currituck County, zip code 27939.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Grandy
    County
    Currituck
    State
    North Carolina
    Longitude
    -75.8704169
    Latitude
    36.2229296

    Nearby Comparable

    • $699,000

      Grandy Diner & Adjacent Building

      Turnkey Diner with Extra Building
      6684 Caratoke Hwy, Grandy, NC 27939
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      Highway Frontage Commercial Land Opportunity

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      Grandy Highway Commercial Lot

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    • New
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      Corner lot with move-in-ready mobile home included.
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      Sound Front Lot in Grandy

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      Grandy, NC Commercial Lot

      1.64 acre commercial lot with high visibility.
      6410 Caratoke Hwy, Grandy, NC 27939
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    Nearby Similar for Sale

    • $175,000
      0.10 Acres

      Waterfront Tiny Home in Grandy

      Charming waterfront tiny home retreat with canal access to Currituck Sound.
      103 Bluefish Ct, Grandy, NC 27939
      View Details
    • $160,000
      0.18 Acres

      Grandy, NC Corner Lot

      Corner lot with move-in-ready mobile home included.
      100 Reef Ln, Grandy, NC 27939
      View Details
    • $289,900
      0.09 Acres

      Sound Front Lot in Grandy

      Sound front lot with water and sewer in place.
      157 Dolphin Ct, Grandy, NC 27939
      View Details
    • $579,000
      1,344 SF

      Prime Grandy, NC Commercial Land

      3.11 Acres, 1344 sqft Building
      6900&6894 Caratoke Hwy, Grandy, NC 27939
      View Details
    • $339,000
      3.45 Acres

      Grandy Highway Commercial Lot

      Prime location, 3.45 acres, highway frontage.
      6562 Caratoke Hwy, Grandy, NC 27939
      View Details
    • $699,000

      Grandy Diner & Adjacent Building

      Turnkey Diner with Extra Building
      6684 Caratoke Hwy, Grandy, NC 27939
      View Details

    FAQs

    What type of property is this?
    Land - 11.3 Acres, Highway Frontage, Outer Banks Access
    Where is this land located?
    The property is located at Caratoke Hwy Grandy, NC.
    What is the asking price?
    The asking price for this property is $526,500.
    What are key features of this property?
    This property features: 11.3-acre commercial land parcel in Grandy, NC, offering high visibility on Caratoke Highway.; Excellent location near the Outer Banks, providing access to a strong tourist market and diverse population.; Suitable for various commercial and industrial developments; seller open to subdividing the land.
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    Caratoke Hwy Grandy, NC 27939
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    Grandy, NC 27939
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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
    Caratoke Hwy Grandy, NC 27939
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