Don't miss this rare opportunity to own a commercial sound front building with pier in the heart of Duck. This building is centrally located with high pedestrian traffic from the street side as well as the sound front boardwalk which is ideal for any retail or professional business. The first level includes a large reception area, 5 offices, conference room, a full bathroom and one half bath, kitchenette, sound front covered porch, large storage shed and plenty of parking. The second level includes 2 lager offices with separate entrance and a half bath. Enjoy the 185 foot pier with gazebo which may be used as a water sport business to supplement rental income subject to Town zoning. This sale is subject to an existing lease agreement until the end of 2018. Rental income is $60,000 per year with the current tenant paying taxes, insurance and utilities. That is a 4.8% ROI not including depreciation which will increase the ROI to over 6% Possible financing available.
|Lot zoned: Commercial|
|Present use: Office|
|Asphalt shingle roof|
|Tax year: 2015|
|Address||Distance||Sale date||Sale price|
|1184 Duck Road||0 mi.||12/12/2017||$1,070,000|
|4618 N Virginia Dare Trail lots 6, 7, 8||5.93 mi.||6/7/2018||$1,350,000|