First Colony Inn – Historic Outer Banks Inn with Oceanfront Development Opportunity A rare opportunity to acquire one of the most iconic hospitality properties on the Outer Banks. Located in the heart of Nags Head, the historic First Colony Inn offers timeless coastal charm paired with a unique oceanfront investment component. Originally constructed in 1932 and listed on the National Register of Historic Places, the inn is one of the last remaining examples of the classic “Old Nags Head style” beach hotels that once defined the Outer Banks. The shingle-style structure features expansive wraparound verandas designed to capture ocean breezes and provide inviting spaces for guests to relax and gather. The property includes 26 uniquely appointed guest rooms, many offering kitchenettes, sitting areas, whirlpool tubs, or private porches. Amenities include a seasonal outdoor pool, landscaped grounds, welcoming common areas, and convenient beach access nearby. The inn has long been a favorite destination for weddings, reunions, and coastal getaways, with strong repeat clientele and year-round tourism demand. Included in the offering are oceanfront parcels totaling approximately 210 feet of direct Atlantic Ocean frontage, presenting a rare and valuable opportunity for future development, expansion, or preservation of premier beachfront property. Oceanfront land in this location is exceptionally limited, making this component a significant investment asset. With nearly a century of history, strong brand recognition, and the added value of substantial oceanfront holdings, the First Colony Inn represents a turnkey hospitality investment combined with a prime coastal real estate opportunity in one of North Carolina’s most sought-after beach destinations.

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 6715 S Croatan Highway in Nags Head is provided courtesy of Harrell & Associates . 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 6715 S Croatan Highway in Nags Head is no longer available for sale.