Property profile

718 Atlantic Bch Cswy Atlantic Beach, NC 28512

OFF-MARKET
Commercial real estate
Property ID
US53-2875890
9,690 SF 0.22 ac lot Built 1953
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional .2-.25 acre commercial development opportunity in Atlantic Beach, NC, presents a unique chance to build a substantial project. Located at 718 Atlantic Beach Causeway, 28512, this property boasts 439 feet of waterfront frontage on Bogue Sound and the Intracoastal Waterway (ICW), offering unrestricted views. The land is zoned COR (Commercial Corridor), allowing for diverse commercial and residential uses, including the potential for a mixed-use marina development. A 32-bedroom construction authorization with existing septic approval is in place, significantly streamlining the development process. Deep-water slip potential further enhances the property's appeal. Conceptual plans are available for review. This is a trophy development site, ideal for a discerning investor seeking a high-impact project in a prime coastal location. Individual parcels are available for sale at $999,000 each, or all four lots can be purchased together. Carteret County location provides easy access to local amenities and attractions. Don't miss this rare chance to acquire a truly exceptional waterfront property.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1953
Total area 9,690 SF
Lot 0.22 ac (9,583 SF)
Zoning code GB
APN 6385.09.07.0261000
UPID US53-2875890

Cap rate & NOI

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

Location

718 Atlantic Bch Cswy Atlantic Beach, NC 28512-7344
Atlantic Beach metro Census 971103 MOREHEAD CITY, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.44M
CAP Approach CAP
$1.12M
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$1.54M

Owner & transaction history

since 2022
Last sale
$1.5M
7 recorded transactions
2025
Price N/A
2022
$1.5M
2018
Price N/A
2017
Price N/A
2014
$50,000
2009
$5,000
2008
Price N/A

Zoning & alternative use

GB · Atlantic Beach, 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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