303 E Admiral Street Lot 13-15

Sold 3/25/2016

5 Stars on Trip Advisor! Nags Head Beach Inn. Guests love this location - just steps to the beach. The Inn offers 7 suites, lobby and breakfast area. The Innkeepers cottage offers 3 bedrooms, 2 1/2 baths, Living/Dining area, kitchen with stainless appliances, wood burning stove and covered porch. Each of the 7 Inn rooms have their own full bath, heat and air; 4 of the rooms have Jacuzzi's. There is an 8th room that is being used for storage that could be converted to another room to further enhance income. There is also a pool and great gathering area in the Inn's courtyard. This is a historic multi-use property with an income producing Inn that includes a residential cottage. This is so convenient to shops and restaurants, and a great location for an Outer Banks Vacation and the additional home is a HUGE bonus creating the perfect situation for anyone wanting to run their own B&B. Due to personal circumstances; the last full year that the Inn was in full operation was in 2012 - when it grossed $142,000 - with a NET income to the owner of just over $70,000! All aspects of the Inn have continually been maintained. See associated docs for some great info - a question and answer sheet that will greatly help your clients along with an income statement. Operating a full season, this property can pay for itself, provide a home for the owner, and a generate a fairly generous personal income as well. A "Hat Trick!" A rare opportunity on the Outer Banks. other info.... https://www.airbnb.com/rooms/6130439?s=S8Zjt5nu I am also on airbnb, good reviews... Check out reviews on trip advisor: http://www.tripadvisor.com/Hotel_Review-g49382-d226739-Reviews-Nags_Head_Beach_Inn-Nags_Head_Outer_Banks_North_Carolina.html mentioned in coastal living magazine (this has been several years ago) http://www.coastalliving.com/travel/ten-best-road-trips

Property Details
  • $3,296.00
  • 1960
  • 90731
Electric heat
Heat pump
Smoke alarm
Wood exterior
Frame exterior
Lot dimension is: 150x150
Lot has ocean view
Level lot
Subdivision: Nags Head Shore
Lot zoned: multi
Present use: Hotel/Motel Lo Rise
Asphalt shingle roof
City water
Septic system
For sale
Tax year: 2016
Courtesy of:
RE/MAX Surfside
Rick Drumm

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Get more info or schedule a showing:
Address Distance Sale date Sale price
303 E Admiral Street Lot 13-15 0 mi. 3/25/2016 $584,000
2706 S Croatan Highway 0.27 mi. 11/1/2017 $700,000
2405 S Croatan Highway Lot Par A 0.33 mi. 4/21/2017 $590,000
205 E Atlantic Street lot 3 1.38 mi. 3/17/2017 $511,000
604 S Hwy 64/264 5.23 mi. N/A $595,000
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{"markerType": "Sold", "lat": "36.00216", "lng": "-75.65215", "Address": "205 E Atlantic Street lot 3", "City": "KILL DEVIL HILLS", "StateProv": "NC", "ZipCode": "27948"}
{"markerType": "Sold", "lat": "35.91491", "lng": "-75.67736", "Address": "604 S Hwy 64/264", "City": "Manteo", "StateProv": "NC", "ZipCode": "27954"}
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303 E Admiral Street Lot 13-15, NAGS HEAD, NC 27959 commercial was sold for $584,000.