476 Nc-24 Morehead City, NC 28557

OFF-MARKET

Land

16.08 ac lot

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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.

Property type Land

Lot 16.08 ac (700,445 SF)

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

476 Nc-24 Morehead City, NC 28557

Morehead City metro

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Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

Value Estimation by Request
4,000 SF

210 Hwy

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210 Hwy, Morehead City, NC 28557

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Value Estimation by Request
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Land

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Value Estimation
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MOBILE HOME PARK, TRAILER PARK

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Value Estimation
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MOBILE HOME PARK, TRAILER PARK

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Value Estimation
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MOBILE HOME PARK, TRAILER PARK

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Value Estimation
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1.27 Acres

4856 Arendell St

MOBILE HOME PARK, TRAILER PARK

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