518 Water Street, Oriental, NC 28571 (MLS# 100443449)

518 Water Street, Oriental, NC 28571

$625,000

Property Type: Comm Sale or Lease Square Footage: 4,007 Lot Size (sq. ft.): 47,480 Status: Closed

Current Price: $625,000 List Date: 4/24/2025 Last Modified: 6/16/2025

Description

Waterfront commercial gem with breathtaking views of the Neuse River and Oriental Harbor Place Marina! This property boasts an existing building and vacant lot in the heart of Oriental's Village. Currently home to Barcos Food Co. restaurant, Oriental Harbor Village Marina offices, and the marina's bath/laundry facility, this versatile property offers a range of possibilities. The building includes an office suite with high ceilings and hardwoods, used by Oriental Harbor Marina, and transient boater facilities for the marina. The cleared vacant lot, known as the 'Beer Garden,' is ready for development and/or hosting entertaining events with local musicians. Recent renovations and improvements include a complete overhaul of the grounds, painting of the exterior of the building and porch, replacement of half of the deck boards, railing and steps on the porch, addition of new Hurricane Proof Windows, HVAC installation, addition of a new bar, replacement of floor tiles throughout the kitchen, repair and reconditioning of the hood system, installation of a sound barrier wall, outdoor lighting posts, new tankless water heaters, and a Culligan water purification system. These improvements not only enhance the property's aesthetics but also its functionality, making it an attractive investment opportunity.

More Information MLS# 100443449

Contract Info

Status: Closed Delayed Marketing?: No Marketing Start Date: 2024-05-07 Sub-Type: Improved Garage: N/A Sale/Lease: Sale Listing Price: 699000 Current Price: $625,000 List Price/SqFt: 174.44 Stipulation of Sale: Standard

Location Information

Street #: 518 Street Name: Water Street Suffix: Street County: Pamlico State/Province: NC Zip Code: 28571 City Limits: Yes Marketing City: Oriental Subdivision: Oriental Harbor Village Marina Secondary Subdivision: N/A Geo Lat: 35.025355 Geo Lon: -76.698545

Remarks and Showing

Directions to Property: From Hwy 55/Broad Street - building at base of Oriental Bridge. Oriental Harbor Village/Marina Sign on Property: Yes

Building Info

New Construction: No

BuildingExt Features

SqFt - Heated (Primary): 4007

Legal and Taxes

Tax Assessed Value: 510132 Deed Book: 682 Deed Page: 721 Legal: EAST BROAD STREET MB 8-69 Broker Owner: No PID: 6487829156000 Tax Identifier: J082-183 Plat Book: M BK 8 Plat Page: 69 Total Real Estate Property Taxes: 4463.66 Special Assessments: None Tax Year: 2023 Year Built: 1915 Zoning: MU1 HOA: No Cobra Zone: No Federal Flood Ins Avlbl: Yes

Status Change Info

Under Contract Date: 2025-04-21 Sold Price: $625,000 Sold Date: 2025-06-16

Miscellaneous

Current Use: Multi-Use

Current Service Providers

Trash Provider: GFL Electric Provider: Duke Energy Internet Service Provider(s): Spectrum Sewer Provider: Bay River Sewer Water Provider: Pamlico County

Property Features

Business Type: Food Service; Mixed; Professional/Office; Unimproved; Business Service; Commercial Showing Instructions: Special Instructions HOA and Neigh Amenities: Waterfront Community Frontage Type: Bay/Harbor; Marina Front; River View Type: Creek/Stream; Marina; River; Water Construction: Block Exterior Finish: Block; Stucco Flooring: Carpet; Concrete; Vinyl; Wood; LVT/LVP Foundation: Crawl Space; Raised Parking Features: On Site; Parking Lot; Paved Roof: Shingle Lot Description: Corner Lot; Cul-De-Sac; Open Lot Current Use: Commercial; Other Location: Corner; Gen Bus District; Residential Lot Water Features: Harbor; Water Access Comm Cooling: Wall/Window Unit(s); Zoned Heating: Zoned Heating System Fuel Source: Electric Utilities: Water Available Sewer: Municipal Sewer Water Source: Municipal Water Terms: Cash; Conventional; SBA; VA Loan

Listing Office: Beth Frazer & Associates, Inc.

Last Updated: June - 16 - 2025

518 Water Street, Oriental, NC 28571- MLS# 100443449

Broker Attribution: beth@bethfrazer.com

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518 Water Street, Oriental, NC 28571 (MLS# 100443449)

518 Water Street, Oriental, NC 28571 (MLS# 100443449)