• 910-346-8218 | Jacksonville NC and the greater Eastern North Carolina area

    910-346-8218 | Jacksonville NC and the greater Eastern North Carolina area
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Commercial Property Management in Onslow County

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Price: $1,675,000
MLS Number: 100409407
Year Built: 1903
Square Footage: 4855
Acres: 0.08
Listing Date: Oct 12, 2023
Sale or Lease: Sale
Pages: 1
1
500 Arendell Street, Morehead City
$1,675,000
MLS Number:
100409407
Built:
1903
Sq Ft:
4855
Listing Date:
Oct 12, 2023
Historic Downton Morehead City Bed & Breakfast,On the Crystal Coast with Panoramic Water Viewsand 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:
Address: 500 Arendell Street
City: Morehead City
State: NC
Zip: 28557
Area: Not In Subdivision
Lot Size: 0.08 acres
Property Type: Commercial
Sub Type: Bed and Breakfast,Business Service,Commercial,Mixed Use,Professional Service
Sale or Lease: Sale
Heating: Forced Air,Heat Pump
Cooling: Central,Heat Pump
Listing Office: Keller Williams Crystal Coast

Commercial Property Management in Onslow County

Our real estate firm is located in Jacksonville, North Carolina and is celebrated for its excellent quality and high level of professionalism in the local commercial real estate industry. With over 20 years of experience, Ray Properties has been the preferred choice for companies seeking commercial property management in Onslow County or other parts of coastal North Carolina.

Due to our vast knowledge of the local real estate market, our company has earned an excellent reputation and achievement in the region.

Commercial Property Management In Onslow County

Ray Properties’ Expertise

When it comes to finding commercial property management in coastal North Carolina, there are few real estate firms that can match the knowledge and expertise of Ray Properties. We have spent over two decades perfecting our skills in commercial property, and our hard work has yielded impressive results. Ray Properties is now recognized as a reliable and successful real estate firm in the region. One of the things that distinguishes our company from all other real estate firms in the area is our focus on identifying properties with immense upside. Ray Properties are experts at identifying properties that meet specific criteria such as high growth potential, prime locations, growing local economies, and properties with attractive financing options. The company’s extensive knowledge of the coastal area and real estate market is a significant factor in our success.

Our company understands that coastal North Carolina is in constant transition as a result of many people moving to the area yearly. As the population grows, so does the real estate industry. Consequently, Ray Properties has kept up with this demand as we have been able to meet the needs of businesses looking to move into the area to provied the goods and services that the expanding population requires. Ray Properties’ entrepreneurial nature and custom solutions have enabled Ray Properties to create meaningful value while meeting the needs of our clients.

With the increasing exposure to environmental conservation, many investors are looking to lease or buy commercial properties that have sustainable and eco-friendly features. The company is at the forefront of these eco-friendly projects, as we help clients find green and sustainable properties to fit their needs. This is a crucial factor that has made Ray Properties an industry leader.

 

Successful Commercial Projects

Ray Properties has been involved in several accomplished real estate projects located in coastal North Carolina. As an example, Ray Properties facilitated in creating a thriving shopping center located in Wilmington, which has numerous enterprises, such as Kroger, Ulta Beauty, Marshalls, and Tuesday Morning, to name just a few. Due to Ray Properties’ keen eye for potential, the mall was elevated to be an exceptional making is now an perfect hub for retail businesses.

Another successful project that Ray Properties helped create was the Logistics Park in Brunswick County. This strategic site is ideal for manufacturing companies, warehouses, and other logistics-oriented enterprises because of its vast area. Ray Properties made sure that the infrastructure is top-notch with ease of rail and shipping access.

Commercial Property Management In Onslow County

You Can Rely On Ray Properties

Ray Properties’ experience in handling commercial property management in Onslow County has enabled countless companies to move and benefit from the region’s thriving business environment. The firm’s dedication to building strong connections with businesses and interested parties has aided in nurturing trust and ensuring reliability within the real estate domain of the area.

With an in-depth understanding of the local property market, Ray Properties is still aiding companies in search of the ideal match for their commercial investment.

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