Mixed-Use Land for Sale in Manteo, North Carolina
525 S Highway 64/264 Manteo, NC 27954
WATERFRONT DEVELOPMENT OPPORTUNITY! A LARGE PORTION IN X FLOOD ZONE Approximately 4.64 acres of waterfront commercial real estate located on the primary highway in Manteo, between Darrells Restaurant and the Christmas Shop. 321 feet of road frontage offers great visibility on the high traffic corridor of Roanoke Island. The parcel has been cleared except for the original parking lot, that is in an X flood zone, which overlooks Shallowbag Bay and the salt marshes.. Proformas have been prepared for a 40 and 60 room inn, also a previous buyer proposed 90 motel that appeared to fit the site. A mixed use project with commercial on the first floor and residential on the second and third floors should do well in the location. The parcel includes approximatEly 74,791 sqft of buildable uplands(subject to verification), 1000' of canal frontage leading out to Shallowbag Bay, and 127' of sound frontage! ENDLESS OPPORTUNITIES Other needs for the area are townhomes, multifamily, or single family homes(SKETCH PLAN ON FILE FOR 8 SINGLE FAMILY LOTS) all of which could have access to the sound through the existing canal that adjoins the property.
Property details
- County
- Dare County
- Community
- Manteo-S. of Airport Road
- MLS Number
- OBAR 117328
- Date Posted
Parcels
- 978907688400
Property taxes
- 2022
- $5,376
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Jan 25, 2024 | Price increase | $759,300 | $9,800 1.3% | OBAR |
May 22, 2023 | Price decrease | $749,500 | $9,850 -1.3% | OBAR |
Feb 3, 2023 | Price increase | $759,350 | $9,850 1.3% | OBAR |
Jan 18, 2022 | New listing | $749,500 | — | OBAR |