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4222 Croatan - Nags Head Land Lot
8.7 Acres of Residential Land Offered at $3,925,656 CAD in Nags Head, NC 27959
Investment Highlights
- Heavy traffic along South Croatan Highway, the major thoroughfare through Nags Head.
- More than 1,200 feet of frontage along South Croatan Highway provides great exposure to tourist traffic.
- Walking distance to the beach on both sides, near Jockeys Ridge State Park, and Outer Banks Mall.
- Fantastic opportunity for one of the few large developable tracts in the Nags Head market.
Executive Summary
Seller is open to all proposals but special consideration may be given to projects that involve the development of affordable or work force housing. Contact Mack King for more details.
Per current zoning site can possibly fit up to 16 single family home sites. No sewer along Croatan Hwy so septic will need to be accounted for in development plan.
Taxes & Operating Expenses (Actual - 2022) Click Here to Access |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2022) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts Under Contract
| Price | $3,925,656 CAD | Property Type | Land |
| Sale Type | Owner User | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 8.70 AC |
| Price | $3,925,656 CAD |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 8.70 AC |
1 Lot Available
Lot
| Price | $3,925,656 CAD | Lot Size | 8.70 AC |
| Price Per AC | $451,225 CAD |
| Price | $3,925,656 CAD |
| Price Per AC | $451,225 CAD |
| Lot Size | 8.70 AC |
Large flat developable tract on prime beach highway frontage. Zoned R2 currently. Buyers to secure acceptable rezoning if needed.
Description
Gorgeous sound side land property in Nags Head, NC. One of the last large developable tracts remaining on Croatan Hwy in Nags Head. This plot of lands sits on Nags heads most traveled on road and is within walking distance on both sides of the beach. It is perfectly located close to the beach front, the famous Jockey's Ride State park (home of the East Coast's tallest dune, this Outer Banks park offers hang gliding, hiking & more), and one of the biggest shopping centers in Nags Head. Fantastic opportunity for investors that is sure to go quick!
PROPERTY TAXES
| Parcel Number | 006539000 | Improvements Assessment | $0 CAD (2024) |
| Land Assessment | $972,254 CAD (2024) | Total Assessment | $972,254 CAD (2024) |
PROPERTY TAXES
zoning
| Zoning Code | R-2 (Residential) |
| R-2 (Residential) |
Contacts
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Joel Gilland -
Brandi Turner -
Christina Metheney
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Wesley Community Development
Presented by
4222 Croatan - Nags Head Land Lot
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