Closing Price:
$3,975,000
7531 S Virginia Dare Trail, Nags Head, NC 27959
null bd
null ba
0 sq ft
MLS #: 119520
Status: Closed

Sold Details

Status: Closed
Sold Price: $3,750,000.00
Closing Date: 7/29/2022
Contract Date: 7/14/2022
Total Days on Market:
Cumulative Days on Market: 398
Due Diligence Date: 7/29/2022

Listing Information

Area: Nags Head Westside
Mls Status: Closed
Days On Market: 398
Cumulative Days On Market: 398
Listing Price: $3,975,000
Original Listing Price: $3,975,000
Possession: Close Of Escrow, Subject To Tenant Rights
Price Date: 7/29/2022
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell

Building Details

Asking Price Per SqFt: $NaN
Year Built: 1981
Sub Type: Multi Unit
Roof: Asphalt
Foundation: Piling
Cooling: Central Air, Heat Pump
Heating: Central, Heat Pump
Construction Materials: Frame, Wood Siding
Building Features: Dumpster, Outside Storage, Pole Sign

Legal Description

County: Dare
Subdivision: Caribbean Corners Center Condo
Subdivision Name: Carribbean Corners Center Condo
Deed Book: 1563
Deed Book Page Number: 0138
County Pin Number: 08001840741200
Price Change: 7/28/2022

Lot Details

Lot Size Acres: 1.16
Lot Size Square Feet: 50500
Water Frontage: 316
Waterfront: Soundfront
Property Type: COMMERCIAL/INDUSTRIAL

Property Expenses & Utilities

Tax Year: 2021
Annual Property Taxes: $6,829.00
Water Source: Public
Contract Status Change Date: 7/29/2022
Estimated Annual Fee Amt: $NaN
Sewer: Septic Tank

Financials

Bank/Institution Owned: No
Street Frontage : 316

Rental Income

There is no rental income information available

Listing Agent Remarks

NAGS HEAD WATERFRONT SHOPS COMMERCIAL PROPERTY FOR SALE! LOCATED ON THE NAGS HEAD CAUSEWAY. ZONED G C-2. Broad mixed use of commercial properties. A total of 17 individually deeded parcel units and 14 FULLY LEASED. 3 STUDIO APARTMENTS ready for nightly, weekly or short term stays A few units are combined. 2 Restaurants, Brewery Tasting Room, Bakery, Ice Cream Shop, Cookie Shop, Gift Shop. 3 STUDIO Short Term Rentals and Office that could be used for management of the complex. It’s current use is a Real Estate office with two separate offices and kitchenette. Each unit has beautiful sound views of the Roanoke Sound. 315’ of road frontage, 316’ sound side waterfrontage with 150’ of dockable boat or jet ski tie up. 17,000 sq. ft of common area decking with indoor and outdoor seating for all units an estimated 400 seating inside and common area. Come by boat, tie up and enjoy a beer or wine tasting, Pizza, Breakfast or Lunch. There is plenty of off street parking. This high traffic location sits between Tale of The Whale fine dining restaurant to the west and next door to Kitty Hawk Kites Watersports. Leases are on a short term to preserve the new owner’s choice of opening their own restaurant or extend the current leases long term. The possibilities are endless with this commercial property to include watersports, boat rentals, etc… Best commercial location and view on the Outer Banks! Call the listing agent for more details and to schedule an appointment.

Directions

Nags Head Waterfront Causeway between the Kitty Hawk Kites Watersports and Tale of The Whale.

Official MLS Disclaimer

The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Outer Banks Association of REALTORS. This property located at 7531 S Virginia Dare Trail in Nags Head is provided courtesy of Outer Banks Realty Solutions C: 252-305-2237. Information is believed to be accurate but is not warranted. Copyrighted by Outer Banks Association of REALTORS. All Rights Reserved. IDX information is provided by Shore Realty of the OBX exclusively for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. If this page disappears from this site it means the property at 7531 S Virginia Dare Trail in Nags Head is no longer available for sale. If you are interested in this property or have any questions about buying or selling real estate on the Outer Banks call Shore Realty. Local 252-441-3416 OR 800-647-1868.
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