4622 Arendell Street, Morehead City, NC 28557 (MLS# 100337902)
4622 Arendell Street, Morehead City, NC 28557
$1,900,000
Property Type:
Comm Sale or Lease
Square Footage:
3,690
Lot Size (sq. ft.):
127,195
Status:
Closed
Current Price:
$1,900,000
List Date:
7/08/2022
Last Modified:
9/06/2023
Description
INVESTMENT OPPORTUNITY!! This is a great business location in Morehead City with high traffic flow, 2.925 acres with over 280 ft road frontage, 7140 sqft commercial building including non-heated storage area, 6 residential houses including a duplex, 3473 sqft brick house duplex, and billboard space rent. Commercial building currently has long term lease with Electronics Plus as well as rented office space and is negotiable. Steady Rental Income! This property is located in a NC Opportunity Zones Program area which offers qualified investors certain tax benefits when they invest unrealized capital gains into these areas. For more information on this program see documents or look online for NC Opportunity Zones. Don't miss this excellent investment opportunity!!
More Information MLS# 100337902
Contract Info
Status: Closed
Marketing Start Date: 2022-07-08
Sale/Lease: Sale
Auction: No
Listing Price: 1900000
Current Price: $1,900,000
List Price/SqFt: 514.91
Stipulation of Sale: Standard
Location Information
Street #: 4622
Street Name: Arendell
Street Suffix: Street
County: Carteret
State/Province: NC
Zip Code: 28557
City Limits: Yes
Marketing City: Morehead City
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 34.732209
Geo Lon: -76.782079
Remarks and Showing
Directions to Property: Hwy 24 to Hwy 70 Arendell Street, 1 mile from 24/70 Intersection, the Property is on the left hand side of the road.
Sign on Property: No
Building Info
New Construction: No
BuildingExt Features
SqFt - Heated (Primary): 3690
Legal and Taxes
Tax Assessed Value: 787420
Deed Book: 1258
Deed Page: 298
Legal: Acreage Hwy 70 Morehead City Electronics Plus Building
Broker Owner: No
PID: 636615642896000
Tax Identifier: 636615642896000
Total Real Estate Property Taxes: 5605.69
Special Assessments: None
Tax Year: 2021
Year Built: 1960
Zoning: Comm/Mixed Use
HOA: No
Cobra Zone: No
Status Change Info
Under Contract Date: 2022-08-25
Sold Price: $1,900,000
Sold Date: 2022-11-08
Current Service Providers
Electric Provider: Duke Progress Energy
Sewer Provider: City of Morehead City
Water Provider: City of Morehead City
Property Features
Business Type: Mixed; Retail; Commercial; Other
View Type: Water
Construction: Block; Brick/Stone; Wood Frame
Exterior Finish: Block; Brick; Wood Siding
Flooring: Carpet; Concrete; Laminate; Tile; Vinyl; Wood
Fuel Tank: Propane Above Ground
Fuel Tank Ownership: Owned
Parking Features: Asphalt; On Site; Paved; Unpaved
Roof: Flat; Shingle
Location: Freestanding
Heating System Fuel Source: Electric; Propane
Utilities: Water Available
Sewer: Community Sewer
Water Source: Community Water
Terms: 1031 Exchange; Cash; Conventional; SBA
Listing Office: Sun-Surf Realty
Last Updated: September - 06 - 2023
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