Property Description

This 2.25 acre highway frontage property already has two income sources and the potential for +/- 10k SF of additional retail development. Of that, an approximately 3,300 sf building received preliminary approval. The building pad is ready for construction and includes infrastructure of parking, septic tanks & the septic field. Utilities including water and electricity are available. The water service has already been run and only needs a meter and the supply line run to the building pad. The existing +/- 1,554 SF quick service restaurant (QSR) with a Drive-Thru is currently leased by a national brand name chain, making it a great anchor and draw for the future retail center to be developed. The real property sale includes a massive street sign currently used by the tenant business with two “bow tie” signs. All signs are back-lit. The other current source of revenue is a V shaped billboard that is in like new condition. Currently, there is a moratorium on new billboards, so this is a rare and valuable asset for the buyer. The 45 MPH speed limit on Highway 158 allows for great visibility and advertising for any business day or night. The billboard has electricity and is lighted on one side, which can easily be expanded to the other side as well. This property is surrounded by new and existing communities and located in the heart of the commercial center of town. See Associated Docs for As-Built Survey, Site Plan and Conceptual Build-Out of additional 10k sf.

Features
Heating System:
Heat Pump, Central
Cooling System:
Central, Heat pump
Parking:
Off street, 26-50 spaces, Parking lot, Paved
Subdivision:
Currituck Crossing
Property Features:
Storage building, Pole sign, Roof sign
Construction:
Wood, Block, Mfg/pre-fab, Masonry
Foundation:
Masonry
Roof:
Rubber
Roads:
Paved, Public
Floor Covering:
Ceramic tile, Vinyl
Insulation:
Yes, Ceiling, Floor, Wall
Water:
Municipal water
Sewer/Septic:
Private septic
Commercial Features:
Grade loading, Handicap features, Public restroom (s), Billboard
Additional Information
# of Units:
1
Financial
Tax Year:
2022
Taxes:
$2,341
Estimated Annual Fee $:
$0
Bill of Sale Amount $:
$0
Ownership:
Owned more than 12 months
Const Loan Status:
Franchise Food
Yr Electric Expense:
$0
Yr Water Expense:
$0
Yr Telephone Expense:
$0
Yr Cable TV Expense:
$0
Homeowner/Dwelling Insura:
$0
Wind Insurance:
$0
Flood Expenses:
$0
Maintenance Expenses:
$0
Pool/Spa Expense:
$0
Other Expenses:
$0
Other Expenses 2:
$0
Other Expenses 3:
$0
Total Expenses:
$0
Yearly Expense Act/Est:
$0
Owner Rental Income 2016$:
$0
Owner Rental Income 2015$:
$0
Owner Rental Income 2017$:
$0
Advertised Income 2016$:
$0
Advertised Income 2015$:
$0
Advertised Income 2017$:
$0
Est Annual Rental Income:
$0
Listed By:
Sun Realty - Duck
Agent First:
Joe
Agent Last:
Staten

Commercial/industrial For sale

6691 Caratoke Highway, Grandy, NC 27939

98,252 Sqft
$649,000
Listing ID #123151
Basic Details
Property Type :
Commercial/industrial
Listing Type :
For sale
Listing ID :
123151
Price :
$649,000
Water View :
None
Lot Sq. Ft :
98,252 Sqft
Year Built :
2006
Country:
United States
State:
NC
County:
Currituck
City:
Grandy
Zipcode:
27939
Status :
Sold
Type :
Restaurant
Area :
Jarvisburg to poplar br.
DOM :
53