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Property profile

518 Water St Oriental, NC 28571

OFF-MARKET
Commercial real estate
4,007 SF 1.09 ac lot Built 1915

Property summary

AI-generated overview

This remarkable property located at 518 WATER Street, Oriental, North Carolina presents a unique opportunity for discerning buyers. Boasting a substantial 4,007 square feet of space, this "Other" type property sits on a generous 1.09-acre lot. The expansive footprint offers significant potential for a variety of uses, from residential to commercial ventures, depending on zoning regulations and permitted uses. The prime location in Oriental, NC, offers unparalleled access to the waterfront, providing breathtaking views and recreational opportunities. The property's size and location make it an ideal investment for those seeking a significant presence in this desirable coastal town. Further investigation into local zoning ordinances and permitted uses is recommended to fully explore the development potential of this exceptional property. The asking price for this unique offering is $769,000. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this property presents. Detailed property information and relevant documentation are available upon request. This is a rare opportunity to acquire a substantial waterfront property in a highly sought-after location.

Property profile

Verified
Property type Commercial real estate
Year built 1915
Total area 4,007 SF
Lot 1.09 ac (47,480 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Restaurant
  • Art Gallery
  • Holding Company

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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