Property profile

355 Caratoke Hwy Moyock, NC 27958

FOR SALE
Commercial land
Property ID
US53-3872023
1.21 ac lot
Trust Owned 13-yr Hold Absentee Owner Free & Clear
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355 Caratoke Hwy, Moyock, NC 27958 For Sale
$1,255,000
355 Caratoke Hwy, Moyock, NC 27958
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Property summary

AI-generated overview

This exceptional 3.58-acre commercial parcel is strategically located on the bustling Caratoke Highway in Moyock, North Carolina, a rapidly expanding area within Currituck County – one of the fastest-growing counties in the state. The property, identified as Tract 3, presents a unique investment chance for discerning entrepreneurs. It's crucial to note that Tract 3 is being sold exclusively with Tracts 4 and 5 as a package. However, the seller is open to selling either Tract 4 or Tract 5 individually, without any planned property improvements. Detailed information regarding the individual lots (Tracts 4 and 5) can be found in the Multiple Listing Service (MLS). This cleared land is ready for immediate development, making it ideal for a variety of business ventures. Prospective buyers are encouraged to conduct thorough due diligence to determine the suitability of the property for their specific business plans. For comprehensive information on permissible business types and zoning regulations, interested parties should contact the Currituck County Planning Department and the Economic Development Department. The asking price for this significant commercial opportunity is $1,255,000.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.21 ac (52,708 SF)
Zoning code GB
APN 0009000029H0000
UPID US53-3872023

Cap rate & NOI

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

Location

355 Caratoke Hwy Moyock, NC 27958
Moyock metro Census 110202 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2012
2 recorded transactions
2012
Price N/A
2010
Price N/A

Zoning & alternative use

GB · Moyock, NC

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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More about this property
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