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6691 Caratoke Highway

Grandy, NC 27939
  • $649,000
  • STATUS: Active
  • ON SITE: 43 Days
  • MLS #: 123151
UPDATED: 63 min ago
$649,000
  • 0
    BEDS
  • 2.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2006
County:

School Ratings & Info

Description

This 2.25 acre highway frontage property already has two income sources and the potential for +/- 10k SF of additional retail development. Of that, an approximately 3,300 sf building received preliminary approval. The building pad is ready for construction and includes infrastructure of parking, septic tanks & the septic field. Utilities including water and electricity are available. The water service has already been run and only needs a meter and the supply line run to the building pad. The existing +/- 1,554 SF quick service restaurant (QSR) with a Drive-Thru is currently leased by a national brand name chain, making it a great anchor and draw for the future retail center to be developed. The real property sale includes a massive street sign currently used by the tenant business with two "bow tie" signs. All signs are back-lit. The other current source of revenue is a V shaped billboard that is in like new condition. Currently, there is a moratorium on new billboards, so this is a rare and valuable asset for the buyer. The 45 MPH speed limit on Highway 158 allows for great visibility and advertising for any business day or night. The billboard has electricity and is lighted on one side, which can easily be expanded to the other side as well. This property is surrounded by new and existing communities and located in the heart of the commercial center of town. See Associated Docs for As-Built Survey, Site Plan and Conceptual Build-Out of additional 10k sf.

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© 2023 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 Outer Banks Realty Group. Data last updated: 2023-10-01T19:37:52.29.
www.outerbanksrealtygroup.com/homes/142576641
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6691 Caratoke Highway Grandy, NC 27939

  • Price: $649,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 63 min ago
  • MLS #: 123151
0
Beds
0
Baths
0
½ Baths
2.26
Acres
2006
Built
Neighborhood:
Jarvisburg to Poplar Br.
County:
Currituck
Area:
Jarvisburg to Poplar Br.
Property Description
This 2.25 acre highway frontage property already has two income sources and the potential for +/- 10k SF of additional retail development. Of that, an approximately 3,300 sf building received preliminary approval. The building pad is ready for construction and includes infrastructure of parking, septic tanks & the septic field. Utilities including water and electricity are available. The water service has already been run and only needs a meter and the supply line run to the building pad. The existing +/- 1,554 SF quick service restaurant (QSR) with a Drive-Thru is currently leased by a national brand name chain, making it a great anchor and draw for the future retail center to be developed. The real property sale includes a massive street sign currently used by the tenant business with two "bow tie" signs. All signs are back-lit. The other current source of revenue is a V shaped billboard that is in like new condition. Currently, there is a moratorium on new billboards, so this is a rare and valuable asset for the buyer. The 45 MPH speed limit on Highway 158 allows for great visibility and advertising for any business day or night. The billboard has electricity and is lighted on one side, which can easily be expanded to the other side as well. This property is surrounded by new and existing communities and located in the heart of the commercial center of town. See Associated Docs for As-Built Survey, Site Plan and Conceptual Build-Out of additional 10k sf.
Exterior Features

Construction BlockMasonryMfg/Pre-FabWood Foundation Masonry Lot Description Level Parking Garage 26-50 SpacesParking LotPavedOff Street Roads PavedPublic Roof Rubber Street Frontage 260 Waterfront Location None

Interior Features

Air Conditioning CentralHeat Pump Floor Covering Ceramic TileVinyl Heating CentralHeat Pump Insulation YesCeilingFloorWall Restaurant Sq Ft 1554

Property Features

Bank Owned YN No Business Or Real Estate Bldg/Land Simple Commercial Features Grade LoadingHandicap FeaturesPublic Restroom (S)Billboard Commercial Type Restaurant Current Use Franchise Food Documents On File As-Built SurveyWater Tap Paid Financing Options CashCommercial Flood Zone X Gross Income Range Call Agent Percent Of Units Leased 100 Permitted Use General Business Possession At Closing Potential Short Sale No Property Features Pole SignRoof SignStorage Building Sewer Septic Private Septic Tax Year 2022 Taxes 2341 Tenant Pays CableElectricMaintenanceSeptic/SewerTaxesWaterOther-See Remarks Water Municipal Water Zoning Gb Gen Bus

Listing courtesy of Joe Staten of Sun Realty - Duck: D: 252-261-6927.


© 2023 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 Outer Banks Realty Group. Data last updated: 2023-10-01T19:37:52.29.
 
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Outer Banks Realty Group
PO Box 3009
Kitty Hawk NC, 27949