27225 Sand Street

    Salvo, NC 27972
    • $429,900
    • STATUS: Active
    • ON SITE: 16 days
    • MLS #: 106090
    UPDATED: 18 min ago
    $429,900
    • 0
      BEDS
    • 0.51
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1971
    County:

    School Ratings & Info

    Description

    Opportunity is Knocking....Ocean Block Motel Sale 12 rooms + 4 Studio Apartments ......26%+/- CAP RATE ( ROI Net before depreciation) ....2019 TAX VALUE $401,200 (Land + Bldg - Business Not included) ....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.....See Salvo Ship Wreck ....NEW ROOF 2015-2016 + RECENT REMODEL ,,,, Opportunity is Knocking for Owner Operator or Investor....26%+/-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

    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 Matt Myatt | Keller Williams. Data last updated: 2019-08-22T13:37:43.767.
    www.mattmyatt.com/homes/97603810

    27225 Sand Street Salvo, NC 27972

    • Price: $429,900
    • Status: Active
    • Updated: 18 min ago
    • MLS #: 106090
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.51
    Acres
    1971
    Built
    Neighborhood:
    Salvo Oceanside
    County:
    Dare
    Area:
    Salvo Oceanside
    Property Description
    Opportunity is Knocking....Ocean Block Motel Sale 12 rooms + 4 Studio Apartments ......26%+/- CAP RATE ( ROI Net before depreciation) ....2019 TAX VALUE $401,200 (Land + Bldg - Business Not included) ....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.....See Salvo Ship Wreck ....NEW ROOF 2015-2016 + RECENT REMODEL ,,,, Opportunity is Knocking for Owner Operator or Investor....26%+/-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
    Exterior Features

    Construction Frame Foundation Piling Lot Description Level Parking Garage 1-25 SpacesOff StreetUnpaved Roads Public Roof Asphalt/Fiber Shingle Waterfront Location 2 - Lots From Oceanfront (3Rd Ro

    Interior Features

    Hotel Motel Sq Ft 4136

    Property Features

    Bank Owned YN No Business Name Salvo Motel Business Or Real Estate Bus/ Bldg/ Lf Simple Commercial Type Hotel / Motel Estimated Income 288000 Financing Options CashCommercial Flood Zone Ae Gross Income Range $200001 - $400000 Possession At Closing Potential Short Sale No Sewer Septic Private Septic Tax Year 2019 Taxes 2767 Total Assessed Value $401200 Water Municipal Water 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 Matt Myatt | Keller Williams. Data last updated: 2019-08-22T13:37:43.767.
     
    Matt Myatt | Keller Williams
    5595 N. Croatan Highway
    Southern Shores NC, 27949