500 Arendell Street - 2
500 Arendell Street - 3
500 Arendell Street - 4

500 Arendell Street

Morehead City, NC 28557

$1,750,000

$316 per Sq.Ft.

  • Active
  • 3 beds
  • 3.5 baths
  • 5540 Sq. Ft.
  • Residential
  • Built in 1920
  • MLS #100486161
3 beds
3.5 baths
5540 Sq. Ft.
Residential
Built in 1920
MLS #100486161
Downton Morehead City Bed & Breakfast, On the Crystal Coast with Panoramic Water Views and Unlimited Possibilities for Expansion... This is a unique opportunity to acquire a solid income-producing building, originally built in 1904, as the ''Tide Water and Power Building''. Redesigned, re-engineered, repurposed, meticulously restored, and rebuilt since 2004, as a ''Fortified Structure'' (capable of withstanding a CAT 5 Forces). The building has been engineered and built for multiple floor additions up to 70 ft, with 5 more rental units and event space already planned. The building has two, 2 car garages for off-street parking, as well as ample street parking on two sides. There are three residential living spaces within the building making it the perfect owner-occupied Bed & Breakfast opportunity. The rental and event income possibilities are extensive. Location - Location - Location on the corner of N 5th Street and Arendell St. (Hwy 70 West), overlooking the historic waterfront Business District, and within walking distance to some of the best premier restaurants, bars, shops, boutiques, and the famous fishing fleets of the Crystal Coast. Downtown Morehead City is a vibrant destination that offers something for everyone. From its charming streets lined with unique shops and boutiques to its picturesque waterfront, there are plenty of reasons to visit, experience, enjoy living, and doing business in the magic of a growing Downtown Morehead City.

Interior Features

Total bedrooms
3 bedrooms
Full bathrooms
3 full bathrooms
Half bathrooms
1 half bathrooms
Kitchen appliances
Dishwasher
Interior features
Foyer, ceiling fan(s), walk-in shower
Flooring
Concrete, tile, wood
Cooling
Central air
Heating
Heat pump, electric, forced air, propane

Exterior Features

Lot size
0.08 acres
Lot features
Corner lot
Water front
No
Water features
None
Fencing
None
Exterior features
Brick, stone, concrete, stucco
Roof
Flat, membrane

HOA Information

HOA
No
HOA amenities
No amenities


Schools

Elementary school
Morehead City Primary
Middle school
Morehead City
High school
West Carteret

Other Information

Tax assessed value
$201,088.00
Tax amount
$1,462.83
Tax year
2023
Zoning
Commercial

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Listing provided courtesy of: Keller Williams Realty. All information is deemed reliable but not guaranteed and should be independently verified. Moment Realty shall not be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon this data.

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