7010 S Virginia Dare Trail Nags Head, NC 27959

159150820 35.914608 -75.60068 167 /listing/159150820-150071074/7010-s-virginia-dare-trail-nags-head-nc-27959 False 0 2000000.0 101 94350 False
  • $2,000,000
  • Est payment $10736.43/mo

Property & Neighborhood Info

Commercial in Nags Head

The Tar Heel Motel is a original family owned and operated motel since the mid 1950s. However the underlying land value has become so great that the operating income will not support that value. The underlying land consists of 6 - 40 ft wide 9,000 sqft lots on NC 12 and 5 - 40 ft wide 8920 sqft lots on US 158. The property is located in the Hotel Overlay District, therefore the height limit is 60 feet and the lot coverage is up to 75%. The purpose of the Hotel Overlay District is to encourage hotel development. THE TAR HEEL MOTEL IS AN ONGOING BUSINESS AND IS CURRENTLY TAKING RESERVATIONS FOR 2017. ANY PURCHASE AGREEMENT MUST CONTAIN THE CONDITION THAT THE BUYER IS TO HONOR ANY CONFIRMED RESERVATIONS.

Courtesy Of Eddie Goodrich, Village Realty Holdings, LLC - NH

Main Features

  • Listing Status: Active
  • Year Built: 1956
  • County: Dare
  • Taxes: $10,329.54
  • Tax Year: 2015
  • Zoning: C-2
  • Subdivision: Whalebone Bchs
  • MLS Number:94350

Additional Features

  • ACCESS ROAD:
    • Paved
    • Public
  • Bank Owned:
    • No
  • Business Name:
    • Tar Heel Motel
  • Construction:
    • Frame
  • Cooling:
    • Wall Unit(s)
  • DOCUMENTS ON FILE:
    • Aerial Survey
    • Deed
    • Land Survey
  • Financing:
    • Cash
    • Commercial
  • FLOOD ZONE:
    • AE
  • Flooring:
    • Carpet
    • Tile
    • Vinyl
  • Foundation:
    • Slab
  • GARAGE CAPACITY:
    • 26-50 Spaces
    • Parking Lot
    • Paved
  • Gross Income Range:
    • Call Agent
  • Heating:
    • Wall Unit(s)
  • INSULATION:
    • Ceiling
    • Wall
  • Lot Description:
    • Corner
    • Level
  • OWNERSHIP:
    • Owned More than 12 Months
  • POSSESSION:
    • At Closing
    • Negotiable
    • Subject to Tenancy
  • PROPERTY TYPE:
    • Hotel / Motel
  • Roof:
    • Asphalt/Fiber Shingle
  • Sale Rent:
    • For Sale
  • Short Sale:
    • No
  • SHOWING INSTRUCTIONS:
    • Appointment Required
    • Call Agent
    • Listing Agent Must Acc.
  • Tax ID:
    • 080015643998
  • View:
    • Ocean
    • Sound
  • Waterfront:
    • None
Neighborhood info courtesy of Homes.com © 2017

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$38,769.95*
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Pirate's Cove Realty
Pirate's Cove Realty
(252) 473-6800

7010 S Virginia Dare Trail Nags Head, NC 27959

159150820 35.914608 -75.60068 167 /listing/159150820-150071074/7010-s-virginia-dare-trail-nags-head-nc-27959 False 0 2000000.0 101 94350 False
  • $2,000,000
  • Est payment $10736.43/mo