500 Arendell Street, Morehead City, NC 28557 (MLS # 100409407)

Price $1,920,000
Status Active
Beds 0
Baths 0 Bath
Home size 4,855 sqft
Lot Size 3,485 sqft
Days on Market 341
Downton Morehead City Bed & Breakfast, On the Crystal Coast with Panoramic Water Views and Unlimited Possibilities for Expansion... This is a unique opportunity to acquire a solid income-producing building, originally built in 1904, as the ''Tide Water and Power Building''. Redesigned, re-engineered, repurposed, meticulously restored, and rebuilt since 2004, as a ''Fortified Structure'' (capable of withstanding a CAT 5 Forces). The building has been engineered and built for multiple floor additions up to 70 ft, with 5 more rental units and event space already planned. The building has two, 2 car garages for off-street parking, as well as ample street parking on two sides. There are three residential living spaces within the building making it the perfect owner-occupied Bed & Breakfast opportunity. The rental and event income possibilities are extensive. Location - Location - Location on the corner of N 5th Street and Arendell St. (Hwy 70 West), overlooking the historic waterfront Business District, and within walking distance to some of the best premier restaurants, bars, shops, boutiques, and the famous fishing fleets of the Crystal Coast. Downtown Morehead City is a vibrant destination that offers something for everyone. From its charming streets lined with unique shops and boutiques to its picturesque waterfront, there are plenty of reasons to visit, experience, enjoy living, and doing business in the magic of a growing Downtown Morehead City:
Property Type(s): Multi Family
Last Updated 7/9/2024 Tract Not In Subdivision
Year Built 1903 County Carteret

Price History

Prior to Jul 9, '24 $1,675,000
Jul 9, '24 - Today $1,920,000

Additional Details

AIR Central Air
AIR CONDITIONING Yes
CONSTRUCTION Brick, Concrete, Stone, Stucco
HEAT Electric, Forced Air, Heat Pump, Propane
LOT 3485 sq ft
LOT DIMENSIONS 50X65
PARKING See Remarks, Off Street
SEWER Public Sewer
SUBDIVISION Not In Subdivision
TAXES 1462.83
VIEW Yes
VIEW DESCRIPTION Canal, Water
WATER Public
ZONING B-1

Location

 

Contact us about this Property

 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Dianne Perry to contact you even if your name is on a Federal or State "Do not call List".
Listed with Keller Williams Crystal Coast
Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.

This IDX solution is (c) Diverse Solutions 2024.

Email a Friend