Property Description

THE FALCON MOTEL (formerly Croatoan Inn) IS FOR SALE. SUCCESSFUL BUSINESS WITH WITH PROPERTY. INCLUDES 3 ADDITIONAL PARCELS. PARCEL 1 HAS RESIDENCE. PARCEL 2 HAS ROOM FOR EXPANSION. PARCEL 3 CANALFRONT. PARCEL 4 35 UNIT MOTEL WITH OFFICE AND POOL. CANALFRONT WITH OWNER’S RESIDENCE. SOME FINANCES BY REQUEST. FALCON NOT OPENED IN 2016. 2015 HAS BEEN KIND TO ALL BUSINESS OWNERS ON HATTERAS ISLAND. RECEIPTS BY FORMER OWNERS (EARLY 2000’s WERE $450K TO NEAR $500K. FORECLOSED ON BY YADKIN AND DEEDE 7/12/2016. INCREDIBLE LOCATION FOR MOTEL BUSINESS. CLOSET NIGHTLY ACCOMMODATIONS TO LIGHTHOUSE AND CAPE POINT FISHING. I AM ALMOST THINKING THAT THE FALCON DUE TO ITS INCOMPARABLE LOCATION MIGHT BE A DEVELOPERS DREAM. CONDOS, TIME SHARE, EVEN ADDITIONAL ROOMS. UNIT BUILDING NEAR TO NC 12 UNDER RENOVATION. SELLER WAS THINKING OF COFFEE SHOP BAKERY TYPE ADDITION.

Features
: Electric, Oil, Baseboard
: Window unit(s), Wall unit(s)
: Off street, Paved, 51-100 spaces
Hawks nest
: Dumpster, Pole sign
: Wood, Block, Mfg/pre-fab
: Piling, Masonry
: Asphalt/fiber shingle
: Paved, Private
: Carpet, Vinyl
: Municipal water
: Private septic
: Smoke alarm, Outdoor pool
Additional Information
35
Financial
2015
$7,855
$0
1134400
489100
$0
: Owned 12 months or less
: Motel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$826
$0
$0
$0
$0
$0
$0
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$0
$0
Hatteras Realty - Avon
Robert
Barris

Commercial/industrial For sale

46854 NC Highway 12, Buxton, NC 27920

148,000 Sqft
$1,599,000
Listing ID MLS #93721
Basic Details
Property Type : Commercial/industrial
Listing Type : For sale
Listing ID MLS : 93721
Price : $1,599,000
View : Canal,ocean,park serv./preserve,sound,salt marsh
Lot Sq. Ft : 148,000 Sqft
Year Built : 1962
Country : United States
State : NC
County : Dare
City : Buxton
Zipcode : 27920
Status : Sold
Type : Hotel / motel
Area : Buxton soundside
DOM : 223
Tax Property ID : 053608796974
Agent info
SAGA Realty & Construction
SAGA Realty & Construction
1314 S. Croatan Hwy #301
Contact Agent