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    OFF-MARKET
    Commercial real estate

    7245 Old Oregon Inlet Rd, Nags Head, NC 27959

    5,263 SF 0.44 ac lot Built 2004
    Property ID
    US53-3709111
    Property summary
    AI-generated overview

    Prime 0.44-acre oceanfront commercial lot in Nags Head, NC, offers 5,263 square feet of retail space built in 2004. Zoned CR, this property presents a significant investment opportunity. The existing structure boasts eight spacious bedrooms, each with a private bath, catering to a high-demand rental market. Amenities include a home theater, game room, oversized heated pool and hot tub, elevator, and stunning ocean views. High-end finishes throughout, including gleaming hardwood floors, granite countertops, and fresh paint, create a luxurious atmosphere. Additional features include a private walkway to the beach, covered deck, and a ground-level ensuite bedrooms. Outdoor amenities provide further entertainment options with a volleyball court and basketball hoop. The property's prime location, within walking distance of restaurants and attractions like Jennette's Pier, ensures strong rental potential. The property's existing high rental income further solidifies its investment value. This turnkey operation is ready for immediate income generation. The kitchen is upgraded with granite countertops and stainless steel appliances. The property includes a gas fireplace, ceiling fans, heat pump, and various flooring types. Accessibility features include an elevator and handicap access. This exceptional property offers a unique blend of luxury, convenience, and high rental income potential.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 2004
    Total area 5,263 SF
    Lot 0.44 ac (19,166 SF)
    UPID US53-3709111
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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