27225 Sand Street

    Salvo, NC 27972
    • $355,000
    • STATUS: Active
    • ON SITE: 73 days
    • MLS #: 106088
    $355,000
    • 0
      BEDS
    • 0.51
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Accepting Offers On Line....Highest Bidder...(.1 of 3) Parcels...See Docus.....Call Broker .....Parcel 1 = Motel (12 rooms + 4 Studio Apartments)...As Listed $355,000......OPERATION SINCE 1971....NEEDS TLC....BELOW TAX VALUE $401,600...RENTAL POTENTIAL $286,000+/- SEASON MAR - NOV...++++ADDITIONAL PARCELS AVAILABLE EXTRA $$....Parcel 2 ( 2 Duplex) = (4) 1 Br Studio Apartments $250,000......Parcel 3 ( 4 Br House)...$250,000....Total $855.000.....Seller Financing 50% Down Terms TBD.....Note: Future = Can Build (6) More (2) Br Apartments (engineered plan pending)....Future Additional Rental $20,000 Ea x 4 = $80,000 Yr = $420,000+/-Total Rental Income Potential....CALL BROKER......Accepting Offers On Line....OPPORTUNITY IS KNOCKING....BEING SOLD "AS IS" 2019 TAX VALUE ($401,200) ....NEEDS TLC + NEW FURNISHINGS....12 ROOMS + 4 STUDIO APARTMENTS...$280,000+/- (33%+/- ROI) RENTAL POTENTIAL MAR - NOV...HIGH DEMAND OCEAN BEACH RESORT AREA........SEE PRO FORMA ATTACHED ASSOC DOCUS.....POSSIBLE SELLER FINANCING 50% DOWN TERMS TBD.......2019 TAX VALUE $401,200 (Land + Bldg - Business Not included) ....LOCAL PROPERTY MANAGEMENT + AirBnb + VRBO AVAILABLE........Big Ocean Block Lot All Uses Permitted S1 Zoning.......Opportunity is Knocking....Existing Ocean Block Motel Sale 12 rooms + 4 Studio Apartments . ...33%+/- CAP RATE ( ROI Net before depreciation) ....2019 TAX VALUE $401,200 (Land + Bldg - Business Not included) ....POSSIBLE SELLER FINANCING 50% DOWN TERMS TBD......Location - Location - Location....We Got The Beach....2 lots back ocean front.....Direct Ocean Beach Access Over Dune (foot steps to Ocean).......Wide Beach with 2X Double Dune.....Best Flood Zone AE 8 Ocean Block....can use as home or business or combo....Build to Suit...See Salvo Ship Wreck .....NEW ROOF 2015-2016 + RECENT REMODEL,,,, Opportunity is Knocking for Owner Operator or Investor...33%+/- CAP Rate (ROI)....$280,000+/- Rental Income Potential...HIGH TRAFFIC RESORT AREA..... There are Very Few Motels in area or Hatteras Island... Season Aril thru November. ...Cape Hatteras National Seashore reports 7,000+ Daily Traffic NC Hwy 12.....2.5+ Million Visitors Annually & Rising 2019... Outer Banks Chamber Commerce reports 5.5+ Million Tourist Annually...Close to Shopping, Dining, Salvo Day Use Sound Side Park, 4x4 ORV Ramp 23 nearby.... Near By Nights in Rodanthe House....New Bridge NC Hwy 12 Oregon Inlet Now Open April 2019 ++++ New Bridge NC Hwy 12 In Process Rodanthe - Waves - Salvo + All Hatteras Island + Ferry To Ocracoke....Will Post More Photos + Aerial in Process...2019 TAX VALUE $401,200 LAND + BUILDING ONLY ....DOES NOT INCLUDE BUSINESS VALUE (see attached data sheet)...Call Broker.......NOTE: ...Easement Agreement in Process for Shared Parking Lot..Make Part Of All Offers...ETA...TBD....1-3 Months....CALL BROKER

    Monthly Payment Calculator



    © 2019 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trisha Midgett - Midgett Realty. Data last updated: 2019-10-17T23:37:35.997.
    www.trishamidgett.com/homes/97603812

    27225 Sand Street Salvo, NC 27972

    • Price: $355,000
    • Status: Active
    • MLS #: 106088
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.51
    Acres
    Neighborhood:
    None
    County:
    Dare
    Area:
    Salvo Oceanside
    Property Description
    Accepting Offers On Line....Highest Bidder...(.1 of 3) Parcels...See Docus.....Call Broker .....Parcel 1 = Motel (12 rooms + 4 Studio Apartments)...As Listed $355,000......OPERATION SINCE 1971....NEEDS TLC....BELOW TAX VALUE $401,600...RENTAL POTENTIAL $286,000+/- SEASON MAR - NOV...++++ADDITIONAL PARCELS AVAILABLE EXTRA $$....Parcel 2 ( 2 Duplex) = (4) 1 Br Studio Apartments $250,000......Parcel 3 ( 4 Br House)...$250,000....Total $855.000.....Seller Financing 50% Down Terms TBD.....Note: Future = Can Build (6) More (2) Br Apartments (engineered plan pending)....Future Additional Rental $20,000 Ea x 4 = $80,000 Yr = $420,000+/-Total Rental Income Potential....CALL BROKER......Accepting Offers On Line....OPPORTUNITY IS KNOCKING....BEING SOLD "AS IS" 2019 TAX VALUE ($401,200) ....NEEDS TLC + NEW FURNISHINGS....12 ROOMS + 4 STUDIO APARTMENTS...$280,000+/- (33%+/- ROI) RENTAL POTENTIAL MAR - NOV...HIGH DEMAND OCEAN BEACH RESORT AREA........SEE PRO FORMA ATTACHED ASSOC DOCUS.....POSSIBLE SELLER FINANCING 50% DOWN TERMS TBD.......2019 TAX VALUE $401,200 (Land + Bldg - Business Not included) ....LOCAL PROPERTY MANAGEMENT + AirBnb + VRBO AVAILABLE........Big Ocean Block Lot All Uses Permitted S1 Zoning.......Opportunity is Knocking....Existing Ocean Block Motel Sale 12 rooms + 4 Studio Apartments . ...33%+/- CAP RATE ( ROI Net before depreciation) ....2019 TAX VALUE $401,200 (Land + Bldg - Business Not included) ....POSSIBLE SELLER FINANCING 50% DOWN TERMS TBD......Location - Location - Location....We Got The Beach....2 lots back ocean front.....Direct Ocean Beach Access Over Dune (foot steps to Ocean).......Wide Beach with 2X Double Dune.....Best Flood Zone AE 8 Ocean Block....can use as home or business or combo....Build to Suit...See Salvo Ship Wreck .....NEW ROOF 2015-2016 + RECENT REMODEL,,,, Opportunity is Knocking for Owner Operator or Investor...33%+/- CAP Rate (ROI)....$280,000+/- Rental Income Potential...HIGH TRAFFIC RESORT AREA..... There are Very Few Motels in area or Hatteras Island... Season Aril thru November. ...Cape Hatteras National Seashore reports 7,000+ Daily Traffic NC Hwy 12.....2.5+ Million Visitors Annually & Rising 2019... Outer Banks Chamber Commerce reports 5.5+ Million Tourist Annually...Close to Shopping, Dining, Salvo Day Use Sound Side Park, 4x4 ORV Ramp 23 nearby.... Near By Nights in Rodanthe House....New Bridge NC Hwy 12 Oregon Inlet Now Open April 2019 ++++ New Bridge NC Hwy 12 In Process Rodanthe - Waves - Salvo + All Hatteras Island + Ferry To Ocracoke....Will Post More Photos + Aerial in Process...2019 TAX VALUE $401,200 LAND + BUILDING ONLY ....DOES NOT INCLUDE BUSINESS VALUE (see attached data sheet)...Call Broker.......NOTE: ...Easement Agreement in Process for Shared Parking Lot..Make Part Of All Offers...ETA...TBD....1-3 Months....CALL BROKER
    Exterior Features

    Waterfront Location 2 - Lots From Oceanfront (3Rd Ro

    Property Features

    Association Fee YN No Bank Owned YN No Estimated Annual Fee 0 Land Type Commercial Potential Short Sale No Tax Year 2019 Taxes 2707 Zoning S1

    Listing courtesy of Frank Jakob of Cape Hatteras Realty & Const..


    © 2019 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trisha Midgett - Midgett Realty. Data last updated: 2019-10-17T23:37:35.997.
     
    Trisha Midgett - Midgett Realty
    PO Box 114
    Rodanthe NC, 27968