Property profile

3603 S Virginia Dare Trl Nags Head, NC 27959

FOR SALE
Land
Property ID
US53-4557746
0.52 ac lot
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Property summary

AI-generated overview

Exceptional opportunity to acquire a 0.52-acre commercial lot in Nags Head, North Carolina. Located at 3603 S Virginia Dare Trail, this level, clear lot boasts 50 feet of ocean frontage and breathtaking ocean views. Zoned CR, this property presents a unique investment opportunity in a highly desirable location. The lot, part of the Geo T Stronach subdivision, offers city water and a septic system. While a small encroachment from a neighboring structure and driveway exists, a recent survey (available upon request) clarifies buildable area, ensuring compliance with local regulations. This rare oceanfront offering in old Nags Head is the only active listing of its kind, making it an exceptional investment for a dream home, vacation retreat, or commercial venture. The lot size is 22,750 square feet. 2023 tax records are available. Asking price is $1,250,000. Don't miss this chance to own a piece of prime Nags Head real estate.

Property profile

Verified
Property type Land
Lot 0.52 ac (22,651 SF)
UPID US53-4557746

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
  • Parking Lot & Garage

Location

3603 S Virginia Dare Trl Nags Head, NC 27959
Nags Head metro
Google Maps

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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