Nags Head, NC 27959-9121,6811 S Virginia Dare Trail #Lot 5
Nags Head, NC 27959-9121,6811 S Virginia Dare Trail #Lot 5
Nags Head, NC 27959-9121,6811 S Virginia Dare Trail #Lot 5
Nags Head, NC 27959-9121,6811 S Virginia Dare Trail #Lot 5
Nags Head, NC 27959-9121,6811 S Virginia Dare Trail #Lot 5
Nags Head, NC 27959-9121,6811 S Virginia Dare Trail #Lot 5
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$3,300,000

$3,900,000

15.4%
Est.Price: ?

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Est. payment /mo

2.02 Acres Lot


SOLD DATE : 06/19/2020

Key Details

Sold Price $3,300,000

Property Type Commercial

Sub Type Hotel / Motel

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 107507

Sold Date 06/19/20

Year Built 1965

Annual Tax Amount $12,508

Tax Year 2019

Lot Size 2.020 Acres

Acres 2.02

Property Description

Come check out this OCEANFRONT MOTEL that has been owned and operated since 1969 on the BEACH ROAD at 16 mile post by the Gladden family. Both motel buildings were reroofed with 30 year architectural shingles along with remodeling several rooms January 2018.When purchased in 1969, it consisted of 12 units in one building. Since, additions were added with a building housing an office with owners quarters along with a 2 room suite and a single rental room upstairs in 1975. In 1985 a TWIN BUILDING was added bringing the rental units up to 25 along with a HEATED INDOOR POOL and matching HOT TUB.Two pools were added outside on the oceanside with decking to satisfy sunbathers. Of those, one is a lap pool for the aquatic exerciser while the other a traditional type. They continued their expansion with a third floor added to the north building in 1993 bringing 5 more KING ROOMS. One includes a larger lounging area with a private triangular jet tub. All rooms overlook both ocean and sound with east and west doors to the balconies, with private balconies overlooking the ocean from the 2nd and 3rd floors. There's 17 regular rooms, and all have a small refrigerator, microwave and a coffee maker. 13 units are efficiencies with small kitchens stocked with refrigerator, small range/oven, microwave, toaster, along with cookware and dishes. Improvements are ongoing, both buildings recently had decks on the wrapped in heavy vinyl and new railings installed. The septic drainfield was completely replaced in June 2019. There's a well for keeping the front yard looking sharp, municipal water for all other purposes. A remote controlled luggage lift conveniently located for suitcases between the 2 buildings. The fish cleaning area is complete with cutting table, water and disposal.The motels location is in the heart of Nags Head, 1 mile north of Jennette's Pier and just across the bypass from Outer Banks Soundside Event Site where eventually a convention center is rumored to happen. Great restaurants and shopping are all in near proximity. Be sure to check the website www.BlueHeronNC.com for more pictures and information.

Location

State NC

County Dare

Area Nags Head Oceanside

Zoning CR

Interior

Heating Forced Air, Heat Pump, Wall Unit(s)

Cooling Central, Wall Unit(s)

Flooring Carpet, Vinyl

Exterior

Garage 26-50 Spaces, Garage, Paved

Waterfront Description Oceanfront

View Ocean, Salt Marsh, Sound

Roof Type Asphalt/Fiber Shingle

Building

Lot Description Beach Frontage, Corner

Foundation Masonry, Slab

Sewer Private Septic

Others

Restrictions Variable Rate Comp

Acceptable Financing Conventional

Listing Terms Conventional

Financing Cash,Commercial

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Listed by Pat Preston • Shore Realty
Bought with Pat Preston • Shore Realty
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+1(252) 573-9198

mark@obxlivingteam.com

5960 Fairview Rd Ste. 400, Charlotte, NC, 28210, United States

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