Homes for sale - 500 Arendell ST, Morehead City, NC 28557

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Jason Walters

jason@waltersteam.com +1(252) 904-0357

$ 1,625,000

Est. payment | -/mo

3 Beds

4 Baths

5,540 SqFt

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$ 1,625,000

Est. payment | -/mo

Save Virtual Tour

3 Beds

4 Baths

5,540 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 5,540 sqft

Price per Sqft $293

Subdivision Not In Subdivision

MLS Listing ID 100486161

Style Steel Frame

Bedrooms 3

Full Baths 3

Half Baths 1

HOA Y/N No

Year Built 1920

Annual Tax Amount $1,462

Lot Size 3,485 Sqft

Acres 0.08

Lot Dimensions Irregular

Property Sub-Type Single Family Residence

Source Hive MLS

Property Description

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.

Location

State NC

County Carteret

Community Not In Subdivision

Zoning Commercial

Direction Corner of Arendell and N. 5th St

Location Details Mainland

Rooms

Basement None

Primary Bedroom Level Non Primary Living Area

Interior

Interior Features Entrance Foyer, Ceiling Fan(s), Walk-in Shower

Heating Propane, Heat Pump, Electric, Forced Air

Cooling Central Air

Flooring Concrete, Tile, Wood

Fireplaces Type None

Fireplace No

Appliance Dishwasher

Exterior

Parking Features Garage Faces Side, Off Street

Garage Spaces 2.0

Utilities Available Sewer Available, Water Available

Amenities Available No Amenities

Waterfront Description None

View ICW View, Marina, Ocean, Sound View, Water

Roof Type Membrane,Flat

Porch Deck

Building

Lot Description Corner Lot

Story 2

Entry Level Two

Foundation Slab

Sewer Municipal Sewer

Water Municipal Water

New Construction No

Schools

Elementary Schools Morehead City Primary

Middle Schools Morehead City

High Schools West Carteret

Others

Tax ID 638620814325000

Acceptable Financing Commercial, Cash, Conventional

Listing Terms Commercial, Cash, Conventional

Virtual Tour https://listings.lighthousevisuals.com/sites/nxnbwme/unbranded

Hive MLS / (NCRMLS) / Cape Fear Realtors

Listed by Keller Williams Realty

+1(252) 904-0357

jason@waltersteam.com

526 E Nash Street, Hope, NC, 27882, United States

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500 Arendell ST Morehead City, NC 28557