1518 S Memorial Boulevard , Lots 120-122

    Kill Devil Hills, NC 27948
    • $494,500
    • STATUS: Active
    • ON SITE: 8 days
    • MLS #: 107843
    $494,500
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1979
    County:

    School Ratings & Info

    Description

    This well-maintained commercial building offers superb visibility from both the bypass and beach road! Once used as a pool and spa sales and service location and more recently was the headquarters for the Beach Book. With a three bedroom apartment upstairs that historically had been generating $1,200 a month in year round rental income, six office spaces and storage area with a garage door the possibilities are endless! This would be a great investment property and is ideal for someone wanting to live above their business. Office spaces could generate as much as $2,400 a month if they were rented for $400 each. This income along with $1,200 a month for the apartment rental income would give a total income of $3,600 a month. Office spaces could be reconfigured depending on buyers needs.

    Monthly Payment Calculator



    © 2020 Outer Banks Association of Realtors MLS. IDX information is provided 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Sun Realty. Data last updated: 2020-01-21T23:37:36.013.
    www.sunrealtyobx.com/homes/102257293

    1518 S Memorial Boulevard , Lots 120-122 Kill Devil Hills, NC 27948

    • Price: $494,500
    • Status: Active
    • MLS #: 107843
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    1979
    Built
    Neighborhood:
    Ocean Acres Inc
    County:
    Dare
    Area:
    Kill Devil Hills b/w Hwys
    Property Description
    This well-maintained commercial building offers superb visibility from both the bypass and beach road! Once used as a pool and spa sales and service location and more recently was the headquarters for the Beach Book. With a three bedroom apartment upstairs that historically had been generating $1,200 a month in year round rental income, six office spaces and storage area with a garage door the possibilities are endless! This would be a great investment property and is ideal for someone wanting to live above their business. Office spaces could generate as much as $2,400 a month if they were rented for $400 each. This income along with $1,200 a month for the apartment rental income would give a total income of $3,600 a month. Office spaces could be reconfigured depending on buyers needs.
    Exterior Features

    Construction FrameWood Foundation MasonrySlab Lot Description CornerLevel Lot Size Dimensions 9500 Sq Ft Parking Garage 1-25 SpacesParking LotPaved Roads PavedPublic Roof Asphalt/Fiber Shingle Waterfront Location None

    Interior Features

    Air Conditioning CentralHeat Pump Floor Covering Vinyl Heating CentralHeat Pump Insulation Yes Living Quarters Sq Ft 1800 Office Sq Ft 2000

    Property Features

    Bank Owned YN No Business Or Real Estate Bldg/Land Simple Commercial Features Grade LoadingLiving Quarters Commercial Type Office Current Use Offices And Apartment Estimated Income 43200 Financing Options CashCommercial Flood Zone Ae Full Subdivision Name Ocean Acres Inc Gross Income Range $30001 - $60000 Permitted Use Multi Possession At Closing Potential Short Sale No Property Features Doors <10'Door SignDumpsterLoad Dock/GradePole Sign Sewer Septic Private Sewer Tax Year 2019 Taxes 3670.53 Tenant Pays CableElectricWater Water Municipal Water Zoning Commercial

    Listing courtesy of Tammy Russell of Keller Williams - Obx.


    © 2020 Outer Banks Association of Realtors MLS. IDX information is provided 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Sun Realty. Data last updated: 2020-01-21T23:37:36.013.
     
    Sun Realty
    1500 S Croatan Hwy
    Kill Devil Hills NC, 27948