Listing Details For 50840 NC Highway 12 in Frisco
Asking Price:
$1,350,000
$1,350,000
50840 NC Highway 12,
Frisco, NC 27936
null bd
null ba
0 sq ft
MLS #: 128938
Status: Active
Listing Information
Area: Frisco Soundside
Mls Status: Active
Days On Market: 1
Cumulative Days On Market: 1
Listing Price: $1,350,000
Original Listing Price: $1,350,000
Possession: See Remarks, Subject To Tenant Rights
Price Date: 4/11/2025
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell
Building Details
Asking Price Per SqFt: $NaN
Year Built: 2004
Sub Type: Multi Unit
Roof: Asphalt
Foundation: Piling
Cooling: Central Air, Heat Pump, Zoned
Heating: Central, Heat Pump, Zoned
Flooring: Carpet, Ceramic Tile, Vinyl
Construction Materials: Frame, Wood Siding
Building Features: Dumpster, Pole Sign
Legal Description
County: Dare
Subdivision: None
Deed Book: 2010
Deed Book Page Number: 0818
County Pin Number: 051612767158
Price Change: 4/10/2025
Lot Details
Land Tax Value: 378000
Total Assessed Value: 1365600
Lot Size Acres: 1.61
Lot Size Square Feet: 70000
Waterfront: Creek
Property Type: COMMERCIAL/INDUSTRIAL
Property Expenses & Utilities
Tax Year: 2024
Annual Property Taxes: $4,793.00
Water Source: Public
Contract Status Change Date: 4/11/2025
Estimated Annual Fee Amt: $NaN
Sewer: Septic Tank
Financials
Bank/Institution Owned: No
Fuel Tanks: None
Rental Income
There is no rental income information availableListing Agent Remarks
Calling all investors and those who are looking for a business opportunity on the southern end of Hatteras Island. A remarkable opportunity like this doesn’t come along often. At Milepost 65 in Frisco, "Pamlico Corner" is located along NC Highway 12 boasting over 250 feet of highway frontage, but also borders Timber Trail leading into the wooded and soundfront residential community of Indiantown Shores. Situated on approximately 1.6 acres, this corner lot allows for 2 entrances to a connected front and rear parking area with more than 25 spaces.
It gets better. This is a two-story building with multiple revenue streams. The second floor encompasses two residential apartments. Each apartment is approximately 1250 square feet and has 2 bedrooms, 1.5 baths, vaulted ceilings in the very spacious great room, private laundry and eave storage areas.
The lower level is all retail/commercial space leased to 5 individual businesses including an ice cream shop (included in sale), a real estate office, a massage and wellness center, counseling services and escape rooms. As the new owner, you would have immediate access to the office space and adjacent ice cream shop space as the current owners occupy these units and will not remain on premise after the sale. Is there a business that you would like to start on Hatteras Island?
Many upgrades have been made to most areas of the building including a full remodel of one of the apartments, the office space and the ice cream shop space. The exterior was painted and the roof was replaced in 2020. Decking and new railings were added in 2022. The septic system was replaced in 2024. Maintenance is performed annually on the HVAC systems, nearly all of the appliances in the units are less than 5 years old. "Pamlico Corner" is ready to help a new owner's dreams come true!
Directions
Property ("Pamlico Corner") is located at MP 65 in Frisco, on the corner of Timber Trail and Highway 12Official 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 50840 NC Highway 12 in Frisco is provided
courtesy of Homes on Hatteras . 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 50840 NC Highway 12 in Frisco is no longer available for sale.
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