3575 Cedar Island Rd
Cedar Island, NC 28520

SOME OF THE MOST AMAZING SUNSETS AND SUNRISES EVER SEEN ON THE EAST COAST. NEW DEVELOPMENT IS TAKING PLACE THROUGHOUT THIS PROPERTY. RV PARK, MOTEL, RIDING STABLE, RESTAURANT AND BEACH. THE NC STATE FERRY SYSTEM IS DIRECTLY IN FRONT OF THIS MOTEL AND IS THE GATEWAY TO THE OUTER BANKS. THREE TO FIVE FERRIES PER DAY COME FROM AND GO TO OCRACOKE ISLAND CARRYING UP TO 50 VEHICLES EACH. THE BEACHES ARE SPECTACULAR AND THIS MOTEL STAYED FULL FOR YEARS UNTIL IT EVENTUALLY SHUT DOWN FROM NEGLECT. THE RESTAURANT WAS FAMOUS AND THRIVING AS WELL WITH A GREAT REPUTATION IN IT'S DAY AND OFFERS VIEWS OF THE WATER. THE NEXT CLOSEST MOTEL IS OVER 45 MINUTES AWAY, NEARBY CAMPGROUNDS ARE 20 AND 35 MINUTES AWAY AND THE CLOSEST RESTAURANT IS 20 MINUTES. MANY FERRY TRAVELERS PREFER TO STAY AT THE PROPERTY AND ENJOY THE BEACH AS A PART OF THEIR TRIP. OVER 50,000 VEHICLES TRAVEL ON THE FERRY EACH YEAR WITH 58% OF PASSENGERS OUT OF STATE. MANY COME NEEDING A PLACE TO STAY OVERNIGHT AND WILL STAY AT THE MOTEL. ONCE HERE THEY SEE WHAT THIS PROPERTY AND THE SURROUNDING PROPERTIES HAVE BECOME AND ARE PLANNING THEIR VACATION NEXT YEAR WITH A LONGER STAY. IT IS BECOMING A DESTINATION SITE AND NOW ALLOWS LONGER STAY OPTIONS FOR MOTEL & RV PARK GUESTS WHICH MAKES THIS RESORT REDEVELOPMENT OPPORTUNITY SO GOOD. THE OUTER BANKS AND SURROUNDING AREAS ENJOY A 67% OCCUPANCY RATE WITH AN OPPORTUNITY TO CAPTURE THE SUMMER PEAK TOURIST SEASON AS WELL AS A VERY BUSY WINTER HUNTING SEASON. VISITORS OF THIS CENTRAL HUB KNOWN AS THE GATEWAY TO THE OUTER BANKS ENJOY EASY, AFFORDABLE ACCESS TO WORLD CLASS DRUM FISHING, DUCK HUNTING, HORSEBACK RIDING ON THE BEACH, KITE SURFING, CLAMMING, OYSTERING, BIRD WATCHING, NATIONAL PARKS & SEASHORES, CAPE HATTERAS, CAPE LOOKOUT, OCRACOKE ISLAND AND ONLY 40 MINUTES TO BEAUFORT, NC WHICH WAS VOTED BEST SMALL TOWN IN AMERICA. THIS ONCE THRIVING RESORT WAS CLOSED FOR A NUMBER OF YEARS AND IS NOW BEING RENOVATED ALONG WITH THE ADJOINING BUSINESSES. NOW YOU CAN STAY IN A NEWLY REMODELED MOTEL ROOM OR IN A RENOVATED RV PARK, EAT IN A NEW SPORTS BAR AND GRILL, NEWLY RENOVATED BARN & HORSEBACK RIDING ON THE BEACH RIDING STABLE, CANOE, KAYAK AND GOLF CART RENTALS, A PRIVATE & PUBLIC BOAT RAMP TO PAMLICO SOUND AND THE ATLANTIC OCEAN AND A FABULOUS, PET FRIENDLY BEACH ALL SURROUNDING THE NC STATE FERRY TERMINAL. THE CURRENT OWNERS ARE SELLING A +/- 33.5 ACRE PARCEL WITH DIRECT WATER VIEWS, DIRECT FERRY VIEWS AND DIRECT BEACH ACCESS. THIS PROPERTY WILL NOT LAST LONG. ADDITIONAL ADJOINING BEACHFRONT AND BAYFRONT PROPERTIES AVAILABLE. 16 rooms are completed and being rented now averaging $99/night Renovated Building: 12 double rooms and 4 king rooms low flow fixtures, new PTAC units and LED lighting granite counter tops, new drywall, new carpet, new doors and locks with Hardy siding Quality furniture package New Pex plumbing, new electric, Rannai tankless water heaters and all new septic & drainfields wifi & Directv in all rooms Coin laundry, gym and supply room in this same building Redevelopment Buildings: 24 additional motel rooms small offices space Storage areas Laundry room Additional Development Opportunity: There is an opportunity to potentially add 8 or more beachfront condos on this property