1. North Carolina
2. Morehead City
3. 500 Arendell Street

500 Arendell Street, Morehead City, NC 28557

• 3 beds |
• 4 baths |
• 5,540 sqft

Property Description

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.

Listing Status:

Active

Listing Office:

Keller Williams Realty : 252-637-2010

MLS ID:

100486161

Interior

• General: Entrance FoyerCeiling Fan(s)Walk-in Shower
• Master Bedroom: Non Primary Living Area
• Appliances: Dishwasher
• Basement: None
• Flooring: ConcreteTileWood
• A/C: Central AirHeat Pump
• Heating: Forced AirHeat PumpElectricPropane
• Fireplace: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Keller Williams Realty