476 Nc-24, Morehead City, NC 28557
This exceptional 16.08-acre property boasts over 1000 feet of road frontage on Highway 24 in Morehead City, North Carolina. Situated just before the Brandywine Bay Golf Club Community and across the highway from Camp Morehead, this land offers unparalleled visibility and accessibility. Currently zoned CH (Commercial Highway), it presents a remarkable opportunity for various commercial ventures. Recent updates include a completed wetland delineation and secured commitments for water and sewer services, streamlining the development process. The property's prime coastal location and flexible zoning potential also allow for exploration of residential or mixed-use development options, subject to necessary approvals. The parcel's APN is 635614346750000. The asking price is $2,295,000. This is a rare chance to acquire a significant tract of land in a highly desirable coastal North Carolina location. Don't miss this exceptional investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.