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,… Read More 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. Read Less
Courtesy of ROSS BEEBE, Keller Williams Realty
Listing Snapshot
Days Online
177
Last Updated
Property Type
Improved
Square Ft.
5,540
Lot Size
0.08 Acres
Year Built
1920
MLS Number
100475292
30 Days Snapshot Of 28557
$509k
+5%
(avg) sold price
12
-14%
homes sold
89
-23%
(avg) days on market
Snapshot
Area Map
Additional Details
Attic Information
None
Basement
None
Cooling
Central, Heat Pump
Floors
Concrete, Tile, Wood
Foundation
Slab
Water Features
Electric
Heating
Forced Air, Heat Pump
Lot
3,485 sqft lot, Lot Description: Corner Lot, Lot Dimensions: 55'x63', 0.08 acres
Parking
Parking/Driveway: Garage, Off Street, Garage Faces Side, 4 parking spaces
Property
5,540 heated sqft, 6,076 total available sqft, Built in 1920, Construction: Brick/Stone, Metal Fab, Concrete, List Price/SqFt: $293, Zoning: DB
Roof
Flat, Membrane
Sewer
Municipal Sewer, Municipal Water
Taxes
City Tax Rate: 1036, Property Taxes: $1,463, Tax Year: 2023
Utilities
Electric Provider: Duke Progress Energy, Sewer Provider: City of Morehead City, Water Provider: City of Morehead City, Fuel Tank Ownership: Leased, Fuel Tank: Propane Above Ground
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