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46854 NC Highway 12
BUXTON, NC 27920

Sold 12/22/2017
Commercial

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.

Property Details
  • $7,855.09
    taxes
  • 1962
    built
  • 93721
    MLS#
Electric heat
Baseboard heat
Oil heat
Window unit air conditioner
Smoke alarm
Off street parking
Block exterior
Wood exterior
Pool
Lot dimension is: 148X929X237X202X20X359X34
Cul-de-sac location
Waterfront lot
Waterfrontage: 238
Lot on or near canal
Lot has ocean view
Lot on private road
Lot zoned: C3
Present use: MOTEL
Asphalt shingle roof
City water
Septic system
Units in building(s): 35
For sale
Tax year: 2015
Courtesy of:
Hatteras Realty - Avon
Robert Barris

Call (855) 464-2662

855-GO-HANNA
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Get more info or schedule a showing:
Address Distance Sale date Sale price
46854 NC Highway 12 0 mi. 12/22/2017 $850,000
{"markerType": "ForSale", "lat": "35.266", "lng": "-75.5228", "Address": "46854 NC Highway 12", "City": "BUXTON", "StateProv": "NC", "ZipCode": "27920"}
{"markerType": "Sold", "lat": "35.266", "lng": "-75.5228", "Address": "46854 NC Highway 12", "City": "BUXTON", "StateProv": "NC", "ZipCode": "27920"}
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46854 NC Highway 12, BUXTON, NC 27920 commercial was sold for $850,000.