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500 Arendell St 500 Arendell St
5 Room Bed and Breakfast Morehead City, NC 28557 $2,488,500 CAD ($497,700 CAD/Room)
Investment Highlights
- Location - Location - Location
- Close proximity to restaurants, bars, shops, boutiques and the world famous Big Rock Landing
- Meticulously renovated and fortified to endure hurricane force winds
- Within the Morehead City historic district
- Near beach access on the Crystal Coast
- Rooftop panoramic water views of the ICW
Executive Summary
Property Facts
Amenities
- High Speed Internet Access
- Patio
- Bed & Breakfast
- Public Access Wifi
- Hot Tub
About 500 Arendell St , Morehead City, NC 28557
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.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 5 | $180.59 CAD | - |
PROPERTY TAXES
| Parcel Number | 6386.20.81.4325000 | Improvements Assessment | $328,092 CAD |
| Land Assessment | $135,145 CAD | Total Assessment | $463,236 CAD |
PROPERTY TAXES
zoning
| Zoning Code | CD (Downtown Business District that is pedestrian friendly and serves both city residents and visitors.) |
| CD (Downtown Business District that is pedestrian friendly and serves both city residents and visitors.) |
Presented by
500 Arendell St | 500 Arendell St
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