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201 Marine Dr - 15-AC Radio Island (Morehead City / Beaufort)

15.5 Acres of Commercial Land Offered at $35,436,749 CAD in Beaufort, NC 28516

Investment Highlights

  • Unmatched location just five minutes to downtown Morehead City waterfront to the west or historic Beaufort waterfront to the east.
  • Conveniently located on US 70 and access to multiple beach entrance points, boat ramps, marinas, and dry stack boat storage facilities.
  • The area is known for world-class off-shore fishing, miles of near-shore and inland fishing, and is a tourist destination.
  • 15.5 acres of development land available on Radio Island, less than a quarter mile from the Intra Coastal Waterway.

Executive Summary

201 Marine Drive offers a unique opportunity to own a sizable piece of land in the historic towns of Beaufort and Morehead City, North Carolina. This 15.5 acres of deep channel waterfront property is unlike any other offering in eastern North Carolina. You will not find this much available acreage anywhere else near the Beaufort/Morehead City/Atlantic Beach center of gravity. Nestled on the east side of Radio Island, the property features access to multiple beach entrance points, boat ramps, marinas, and dry stack boat storage facilities. Radio island is about 200 acres, with a little more than half of it owned by the state of North Carolina and used by the NC State Port.

Within two miles of this offering are the Beaufort Inlet, Morehead City waterfront, and Beaufort waterfront district. Cape Lookout National Seashore can be seen from the property, and the intra-coastal waterway runs adjacent to Radio Island. The area hosts nationally recognized events like the Big Rock Blue Marlin fishing tournament and the North Carolina Seafood Festival. Michael J Smith Field Airport is about three miles away from the property. Adjacent to the 15.5-acres is two mid-rise condo buildings with 250 units and marina developments valued at more than $65 million. Proposed uses for the available land include mid-rise condos, industrial uses, marine transportation, and many more.

Beaufort and Morehead City are historic fishing towns, with Beaufort being one of the oldest in North Carolina. The area is a tourist destination with very walkable residential and commercial waterfront districts. Originally small fishing villages, the towns continue to prosper with excellent fishing and a thriving industrial industry, including the state port and many high-end boat manufacturers. Fort Macon State Park sits directly across Bogue Sound and is known for its swimming, fishing inlets, and tours of the restored Civil War fort. Capitalize on a rare opportunity of unrivaled waterfront acreage on Radio Island.

Property Facts

Price $35,436,749 CAD
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Industrial
  • Apartment Units
  • Apartment Units - Condo
  • Marina
Total Lot Size 15.50 AC

1 Lot Available

Lot

Price $35,436,749 CAD
Price Per AC $2,286,242 CAD
Lot Size 15.50 AC

Carteret County parcel #s: 639619610220000, 639619611293000, 639619603666000, 639619601463000, 639619604097000

zoning

Zoning Code P&I
P&I
  • Listing ID: 25250543

  • Date on Market: 2022-03-15

  • Last Updated:

  • Address: 201 Marine Dr, Beaufort, NC 28516

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