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Property profile

4650 Blue Marlin Way Nags Head, NC 27959

OFF-MARKET
Retail properties & Spaces
Property ID
US53-3391081
1 SF Built 1984
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Property summary

AI-generated overview

This exceptional retail property, located at 4650 S Blue Marlin Way, Lot 60, Nags Head, NC 27959, presents a unique investment opportunity. The 1 square foot lot, built in 1984, is zoned R2. While the current structure is a 3-bedroom, 2-bathroom home with captivating waterfront views of the sound and canal, including sunset vistas from a captain's watch, its R2 zoning allows for potential redevelopment into a retail space. The property boasts a cozy cottage feel with a covered outdoor entertaining area, perfect for a small business with outdoor seating. The location offers easy access to the community pool and a short walk to the beach. The home includes existing appliances: washer, dryer, range/oven, microwave oven, and refrigerator. A heat pump provides climate control. This property is ideal for an investor seeking a unique retail space in a highly desirable waterfront location, offering both residential and commercial potential. The property's proximity to the sound and beach provides exceptional appeal to both residents and tourists. The existing structure could be repurposed or demolished to create a new retail building, subject to local zoning regulations. This is a rare opportunity to acquire a property with significant upside potential in a prime Nags Head location.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1984
Total area 1 SF
UPID US53-3391081

Cap rate & NOI

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

Location

4650 Blue Marlin Way Nags Head, NC 27959
Nags Head metro
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Value estimations

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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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