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205 E Atlantic Street lot 3

Sold 3/17/2017

PROVEN income producer! Permitted use in a residential zone, this highly successful and established Inn has found its niche, maximizing its income generating potential from this property. Currently operated as an Inn with six individually rented efficiency style master suites, there is opportunity for a new owner to explore still untapped income potential, ie weddings, airbnb, etc.. Originally built in 1950 as a lifeguard boarding home, it was moved to its current location in the mid 1970's and received a complete overhaul to the studs in 2006 including plumbing, electrical, windows,appliances, ice machine, insulation, water heaters, and bathroom updates. New roof in 2014. Six power meters keep options open for future use. Fine attention to details throughout the inn by local craftsman with gorgeous repurposing of iconic Outer Banks old wood shutters and doors, original wood plank flooring and a fabulous fenced in courtyard create a unique and inviting property with many repeat guests and a growing clientele. Visit A chameleon property that offers many options for use, including current operation as a nightly inn with 6 rented rooms, boarding house, single family home, weekly rental, etc. Income at 15% ROI ytd for 2016, and stays partially booked throughout the fall, so more income to come for 2016. Website, inventory and furnishings included in sale. Great offering, unique, historic and solid!

Property Details
  • $2,788.40
  • 1950
  • 94022
Electric heat
Heat pump
Zoned heat
Frame exterior
Lot dimension is: 75x100
Lot has ocean view
Level lot
Subdivision: Kill Devil Bch
Lot zoned: R
Present use: inn
Asphalt shingle roof
City water
Septic system
For sale
Tax year: 2016
Courtesy of:
Resort Realty - Duck
Lauren Nelson

Call (855) 464-2662

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Get more info or schedule a showing:
Address Distance Sale date Sale price
205 E Atlantic Street lot 3 0 mi. 3/17/2017 $511,000
1234 Virginia Dare Trail Lot 3-5 0.09 mi. 2/16/2018 $575,000
206 E Gallery Row 1.01 mi. 5/12/2017 $465,000
2405 S Croatan Highway Lot Par A 1.07 mi. 4/21/2017 $590,000
2600 N Croatan Highway 3.4 mi. 5/11/2017 $515,000
100 E Helga Street Lot 2 3.86 mi. 5/18/2018 $460,000
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{"markerType": "Sold", "lat": "35.989", "lng": "-75.64426", "Address": "206 E Gallery Row", "City": "NAGS HEAD", "StateProv": "NC", "ZipCode": "27959"}
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{"markerType": "Sold", "lat": "36.05183", "lng": "-75.68365", "Address": "100 E Helga Street Lot 2", "City": "KILL DEVIL HILLS", "StateProv": "NC", "ZipCode": "27948"}
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205 E Atlantic Street lot 3, KILL DEVIL HILLS, NC 27948 commercial was sold for $511,000.