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500 Arendell Street, Morehead City, NC 28557

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For Sale

$1,625,000

3 beds • 3 baths • 1 half baths • 5,540 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $293.32
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 100486161

Courtesy Of Keller Williams Realty

(252) 637-2010

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Deck
  • Appliances
    Dishwasher, Washer
  • Architecture Style
    Other
  • Exterior Type
    Concrete, Stucco
  • Floor Covering
    Concrete, Tile, Wood
  • Heating System
    Forced Air
  • Lot Size
    0.08 Acres
  • Roof Type
    Membrane
  • View Type
    Marina, Ocean, Water

Map and Directions

Directions to 500 Arendell Street, Morehead City, NC 28557

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Monthly Payment Breakdown

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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