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    OFF-MARKET
    Land

    103 Gloria Dawn Rd, Morehead City, NC 28557

    23.53 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 23.53-acre commercial property in Morehead City, North Carolina, presents a unique investment opportunity. Located at 103 Gloria Dawn Rd, 28557, this strategically positioned land boasts excellent visibility, situated directly across from the Harris Teeter Shopping Center. The property is comprised of two distinct zones: approximately 5.6 acres zoned Commercial Highway (CH) at the intersection of Bridges Street Ext. and Gloria Dawn Rd, and an additional 18 acres zoned Industrial (I). This versatile zoning allows for a wide range of development possibilities. The property also benefits from convenient railroad access along its southern boundary, making it ideal for businesses requiring efficient transportation. A completed wetland survey is available, streamlining the development process. Furthermore, the property has access to Morehead City water and sewer services. The seller is open to subdividing the land to accommodate various development needs. This prime acreage is designated as an Opportunity Zone, offering significant tax advantages for qualified investors. The APN is 636609271422000. This is a rare opportunity to acquire a substantial parcel of land in a thriving coastal community.

    Property profile
    Verified
    Property type Land
    Lot 23.53 ac (1,024,967 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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