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7010 S Virginia Dare Trail, Nags Head, NC 27959

$1,950,000
Commercial Property MLS# 94350 ID: 42141578
$1,950,000 Get Rates

The Tar Heel Motel is a original family owned and operated motel since the mid 1950s. However the underlying land value has become so great that the operating income will not support that value. The underlying land consists of 6 - 40 ft wide 9,000 sqft lots on NC 12 and 5 - 40 ft wide 8920 sqft lots on US 158. The property is located in the Hotel Overlay District, therefore the height limit is 60 feet and the lot coverage is up to 75%. The purpose of the Hotel Overlay District is to encourage hotel development. THE TAR HEEL MOTEL IS AN ONGOING BUSINESS AND IS CURRENTLY TAKING RESERVATIONS FOR 2017. ANY PURCHASE AGREEMENT MUST CONTAIN THE CONDITION THAT THE BUYER IS TO HONOR ANY CONFIRMED RESERVATIONS.

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Location Information near 7010 S Virginia Dare Trail
Contact Village Realty - Nags Head

For more information regarding this commercial property, please give us a call at View Phone Number (877) 480-4242 .

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Property Features for 7010 S Virginia Dare Trail
Status
Market Status
Available
Last Updated
November 22, 2017
Description
Property Type
Commercial Property
Year Built
1956

Building Features

  • Heating System: Wall Heating Unit
  • Roof: Asphalt Shingle Roof

Exterior Features

  • Parking: Paved Parking

Interior Features

  • Floors: Carpeting, Vinyl Flooring

Legal/Financial

  • Taxes: 10329.5400

Location

  • MLS Area: Nags Head Between Hwys

Lot Features

  • View: Ocean View, Sound View
  • Lot Size: Corner Lot,Level

Data Provided by Outer Banks Association of Realtors

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More information about this $1,950,000 Commercial Property at 7010 S Virginia Dare Trail

This $1,950,000 Commercial Property at 7010 S Virginia Dare Trail in Nags Head, NC is offered by Eddie Goodrich. This $1,950,000 Commercial Property, located in the 27959 zip code, has the following property features: Roof, Floors, Lot Size, Taxes. This 7010 S Virginia Dare Trail Commercial Property, located in Dare County , is listed under MLS listing number 94350 and has a listing price of $1,950,000. You can find more of Eddie Goodrich's listings by browsing Eddie Goodrich, GRI homes for sale at HomesAndLand.com, or even more NAGS HEAD homes for sale here.