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231 Waterside Dr 12 Unit Apartment Building $5,900,000 ($491,667/Unit) Roper, NC 27970
INVESTMENT HIGHLIGHTS
- High-Quality Waterfront Asset: ±45 acres with expansive views of the Albemarle Sound and direct water access via an existing dock
- Onsite Income-Producing Improvements: Includes a 12-unit condominium building and swimming pool — offering potential near-term income or hospitality
- Strong Market Trends: Increasing demand for RV travel, outdoor hospitality, and nature based tourism supports long-term growth for this asset class
- Significant Development Potential: Highest and best use is redevelopment as an RV park and campground. A zoning change would be required.
- Favorable Access & Utilities: Existing road and utility access at the site boundary. Infrastructure improvements will be needed to serve end users
- Strategic Buyer Profile: Suited for experienced RV park or campground developers/operators seeking to scale in the Southeast with a premier waterfront
EXECUTIVE SUMMARY
Cushman & Wakefield |Thalhimer is pleased to present the sale of 231 WATERSIDE DRIVE, ROPER, NORTH CAROLINA 27970, a 45.95-acre partially developed waterfront land parcel (“the Property”) in the Heart of Roper, North Carolina. This is an exceptional opportunity to acquire a ±45-acre waterfront parcel located directly on the Albemarle Sound in Roper, North Carolina. This generational property offers significant upside potential through redevelopment into a modern RV park and campground destination. The offering includes a well-situated, scenic tract with substantial shoreline frontage, an existing dock, a 12-unit condominium building, and a private swimming pool — providing a unique blend of natural amenities and existing infrastructure to accelerate development timelines. Initial discussions with local officials indicate receptivity to a rezoning request to allow for RV park and campground use. The property is accessible via US Highway 32 and State Road 32. The property boasts interior roads and utilities at the site. Additional water, sewer, and electricity infrastructure would be required based on the development plan to service individual RV pads and/or campground sites.
PROPERTY FACTS
| Price | $5,900,000 | Property Subtype | Apartment |
| Price Per Unit | $491,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 45.33 AC |
| Sale Condition | Redevelopment Project | Building Size | 25,000 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2008 |
| Price | $5,900,000 |
| Price Per Unit | $491,667 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 45.33 AC |
| Building Size | 25,000 SF |
| No. Stories | 3 |
| Year Built | 2008 |
AMENITIES
SITE AMENITIES
- Pool
- Waterfront
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
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231 Waterside Dr
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