$550,000 25478 Nc Highway 12 Waves, NC

MLS: 100312   Type: Land   County: Dare   City: Waves   Area: Waves Soundside   Zip: 27982   Style: Commercial     Taxes: $6,672

Mortgage $2,582 /mo

Beds

Baths

Half Baths

Sqr Footage

Acres

Built

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4.34

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SOUND FRONT DEVELOPMENT PROPERTY...4.34+/- AC ...(3) LARGE PARCELS ... 200+/- FT.. WIDE NC HWY 12....WAVES NC 27982....SEE PRELIMINARY SITE PLAN..$15M -$20M+/- Sale Potential....25% +/- CAP ...$$ ROI.....CALL BROKER....CAN BUILD TO SUIT... (10) 5 BR TOWN HOUSE..+... (30) 3 BR CONDOS......LOCAL PROPERTY MANAGEMENT AVAILABLE ....OPPORTUNITY IS KNOCKING ...HIGH TRAFFIC...RESORT AREA....(7,000 daily avg...2.5+million yr).....Less Than $14K Unit Land Cost... 40 Units... $2.19 sq ft Land includes 3 BR HOUSE IS FREE (about 1/2 $$ Comps).....OCEAN ACCESS ...FOOT STEPS... ACROSS NC 12....NEARBY WATER FRONT RESORTS... SOLD-OUT....KITTY HAWK KITES ..+.. REAL WATER SPORTS RESORT..+..NEARBY KOA CAMPGROUND & CAMP HATTERAS RV RESORT....Seller Financing $400,000 Cash @ Close....BELOW MARKET ... $$ VALUE $753,175 (5/5/2019)...SEE ATTACHED CMA.....S1 ZONING ..= ..ALL USES PERMITTED ...5 STORIES 52 FT HIGH....RESIDENTIAL 30% ...LOT COVERAGE (56,715+/- sq ft)...COMMERCIAL 60%.. LOT COVERAGE (113,430+/- sq ft)....NO HOA ....NO DEED RESTRICTIONS....AE8 FLOOD ZONE....ALL USES PERMITTED RESIDENTIAL & COMMERCIAL..EASY TO DEVELOP ...Can Subdivide (6-18)+/- Sound Front Lots ...or....WATER FRONT RESORT...TOWNHOUSES ...+ ...CONDOS" ..+.... HOMES ..or...HOTEL.. RV RESORT...IT'S ALL ABOUT THE SIZE LOT... 4.34+/- Ac ..=.. Largest Sound Front Lot..NC 12 OBX..=.. 189,240+/- SQ FT LAND...LOCAL PROPERTY MANAGEMENT AVAILABLE + AirBnb + VRBO... ......PLEASE QUALIFIED BUYERS ONLY WITH PROOF OF $$ FUNDS TO CLOSE....CALL BROKER....Tenant in Place $1,000 mo - mo+......EASY TO DEVELOP.....OR.....CAN BUILD TO SUIT.....MULTIPLE (1- 20+/- Homes...5-24+/- Br Each ) ..CAN BUILD SIMILAR TO BLACK DOG SUBDIVISION IN SALO.....SOUND FRONT HOMES/RESORT ...Destination Vacation Event Homes/ Resort ...Highest Rental $ Income...Weddings.....Corporate Events ...Family- Reunions...Restaurant/ Banquets.....Water Front Resort.....etc, etc ...CALL BROKER CAN HELP YOU ...Design + Develop + Build + Sell + Local Property Manage

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Price History

3/21/2019 Listed $699,900
7/18/2019 6% - $659,900
8/15/2019 17% - $550,000

Class LOTS/LAND
Docs on File Land Survey, Recorded Plat, Water Tap Paid
Financing Options Cash, Conventional, Owner Finance 1st
Listing Area Waves Soundside
Ownership Owned More than 12 Months
Potential Short Sale No
Showing Instructions Call Agent, See Brokers Notes
Status Active
Status Active
Subdivision None
Tax Year 2017
Taxes 6672
Type Commercial
Waterfront 203
Zoning S-!

Interior Features

Electric Available

Exterior Features

Approx.lot Sqft 189240
Flood Zone AE
Lot Description Level, Water Frontage, Wooded
Lot Faces (n,e,w,s) w
Roads Paved
Timber Light
View Sound
Water Municipal

Property Schools



Direct Link:

https://www.buythebeachobx.com/property/132-100312-25478-Nc-Highway-12-Waves-NC-27982

Gallery (35 photos)

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Property vs Zip Code Avg (27982)

Price 550K Avg 161K

Taxes $6,672 Avg $1,165

Acres 4.34 Avg 3.62

Visits 133 Avg 145

Days on Site 540 Avg 351

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Listing Provided Courtesy Of: Frank Jakob @ Cape Hatteras Realty & Const.




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Location & Address

Buy the Beach Realty, LLC
115 W. Oregon Avenue Unit 2
Kill Devil Hills, NC
252-489-2043