500 Arendell Street,Morehead City, NC 28557
Morehead City, NC 28557
Description
Downton Morehead City Bed & Breakfast, On the Crystal Coast with Panoramic Water Views and Unlimited Possibilities for Expansion... This is a unique opportunity to acquire a solid income-producing building, originally built in 1904, as the ''Tide Water and Power Building''. Redesigned, re-engineered, repurposed, meticulously restored, and rebuilt since 2004, as a ''Fortified Structure'' (capable of withstanding a CAT 5 Forces). The building has been engineered and built for multiple floor additions up to 70 ft, with 5 more rental units and event space already planned. The building has two, 2 car garages for off-street parking, as well as ample street parking on two sides. There are three residential living spaces within the building making it the perfect owner-occupied Bed & Breakfast opportunity. The rental and event income possibilities are extensive. Location - Location - Location on the corner of N 5th Street and Arendell St. (Hwy 70 West), overlooking the historic waterfront Business District, and within walking distance to some of the best premier restaurants, bars, shops, boutiques, and the famous fishing fleets of the Crystal Coast. Downtown Morehead City is a vibrant destination that offers something for everyone. From its charming streets lined with unique shops and boutiques to its picturesque waterfront, there are plenty of reasons to visit, experience, enjoy living, and doing business in the magic of a growing Downtown Morehead City.
Details
| MLS# | 100486161 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 86 |
| Listing Provided By | Keller Williams Realty | ROSS BEEBE |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 4 Total |
| N/A | 5,540 |
| Parking Cap | 2 |
| Story(s) | 2 |
| Zoning | Commercial |
| Acreage | 0.08 |
| Property View | Marina, Ocean, Sound View, Water |
Market Activity 28557
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Learn More About This Property
| State | NC |
|---|---|
| County | Carteret |
| City | Morehead City |
| Zip Code | 28557 |
| Area | Carteret |
| Community Name | Village West |
| School District | West Carteret |
| Elementary School | Morehead City Primary |
| Middle School | Morehead City |
| High School | West Carteret |
| Listing VS Median (in Village West) | |
Price: $1,625,000 low | high Med: $799,000 SqFt: 5,540 low | high Med: 1,887 $ / SqFt: $293 low | high Med: $423 On site: 86 low | high Med: 33.000000 | |