Log In/Sign Up
Your email has been sent.
Waterfront Multifamily/Resort Opp | 45 Acres 231 Waterside Dr 12 Apartment Units Online Auction Sale Roper, NC 27970
Investment Highlights
- 231 Waterside Drive is a 45.95-acre waterfront asset on Albemarle Sound offering immediate cash flow and ample development potential.
- Highest and best use is development as an RV park and campground; rezoning is required, but conversations with the county indicate a cooperative path.
- Long-term value play on North Carolina’s famed Inner Banks with direct access to NC-94, just minutes to destinations like Edenton and Plymouth.
- Existing infrastructure includes water access via an existing dock, interior roads, utility access, a swimming pool, a seawall, and more
- Currently, the site features a 12-unit condominium building delivered in 2008, offering potential near-term income or lodging for future use.
Executive Summary
Colliers is pleased to offer 231 Waterside Drive in Roper, North Carolina, a 45.95-acre waterfront development opportunity along the Albemarle Sound. The property presents significant redevelopment potential for a hospitality destination, with existing infrastructure and amenities providing a strong foundation for future growth.
Located on both sides of NC Highway 32, the property consists of approximately 20 acres south of the highway and 26 acres north of the highway. The northern tract features extensive waterfront frontage and beach access along the Albemarle Sound.
Helping reduce future development timeliness and cost, existing improvements include a completed 12-unit condominium building, private swimming pool, pier, boat docks, gazebo, seawall, interior roads, utilities, and a dock. While utilities are available on-site, additional water, sewer, and electrical infrastructure may be required depending on the final development plan.
The property was originally planned as a mixed-use residential community totaling 175 units, including 84 condominiums, 21 townhomes, and 70 single-family lots. Preliminary discussions with local officials have indicated receptiveness to rezoning the property for RV park and campground use, creating an opportunity to reposition this site to serve the growing outdoor hospitality market.
Strategically located near Raleigh, Durham, Norfolk, Elizabeth City, Greenville, the Outer Banks, and Interstate 95, Washington County is a hidden gem. It offers a variety of tourist attractions, including historical sites, nature experiences, and cultural events. The nearby town of Edenton, “The South’s prettiest town,” according to the New York Times, is just minutes away. Additionally, this village is a few miles from Elizabeth City, a popular stop for cruisers on the Intracoastal Waterway with shopping and other attractions.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Located on both sides of NC Highway 32, the property consists of approximately 20 acres south of the highway and 26 acres north of the highway. The northern tract features extensive waterfront frontage and beach access along the Albemarle Sound.
Helping reduce future development timeliness and cost, existing improvements include a completed 12-unit condominium building, private swimming pool, pier, boat docks, gazebo, seawall, interior roads, utilities, and a dock. While utilities are available on-site, additional water, sewer, and electrical infrastructure may be required depending on the final development plan.
The property was originally planned as a mixed-use residential community totaling 175 units, including 84 condominiums, 21 townhomes, and 70 single-family lots. Preliminary discussions with local officials have indicated receptiveness to rezoning the property for RV park and campground use, creating an opportunity to reposition this site to serve the growing outdoor hospitality market.
Strategically located near Raleigh, Durham, Norfolk, Elizabeth City, Greenville, the Outer Banks, and Interstate 95, Washington County is a hidden gem. It offers a variety of tourist attractions, including historical sites, nature experiences, and cultural events. The nearby town of Edenton, “The South’s prettiest town,” according to the New York Times, is just minutes away. Additionally, this village is a few miles from Elizabeth City, a popular stop for cruisers on the Intracoastal Waterway with shopping and other attractions.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Miscellaneous
Property Facts
Amenities
Site Amenities
- Courtyard
- Pool
- Waterfront
- Dock
1 1
Exceptionally drivable
100/100
Not bikeable
10/100
Sale Advisor
Sale Advisor
Clark Simpson, Senior Vice President | Capital Markets
Clark Simpson brings more than 22 years of commercial real estate experience advising owners and investors across multiple asset types, with a focus on executing sale processes backed by thorough upfront analysis. From 2019 through early 2026, he has completed $240 million in investment sales transactions across the region.
Simpson began his career at CBRE in Norfolk, where he built a foundation in leasing and transaction execution across multiple property types and later helped launch the CBRE Manufactured Housing Group. In 2011, he founded Commonwealth Property Group, a real estate investment and property management firm, where he led the acquisition and management of more than $20 million of multifamily and self-storage investments while continuing to advise brokerage clients. He sold the property management platform in 2019 and returned full-time to investment sales with Cushman & Wakefield | Thalhimer’s Capital Markets Team before joining Colliers.
Simpson began his career at CBRE in Norfolk, where he built a foundation in leasing and transaction execution across multiple property types and later helped launch the CBRE Manufactured Housing Group. In 2011, he founded Commonwealth Property Group, a real estate investment and property management firm, where he led the acquisition and management of more than $20 million of multifamily and self-storage investments while continuing to advise brokerage clients. He sold the property management platform in 2019 and returned full-time to investment sales with Cushman & Wakefield | Thalhimer’s Capital Markets Team before joining Colliers.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Taylor Cunningham
Contact
Ten-X Licensing:
Ten-X, LLC Samantha Corbat RE Brkr C34060. Ten-X, LLC Auction Firm 10478. NCALB Disclosure: Broker Contact is the Seller’s Real Estate Listing Agent providing real estate services only. Broker Contact is not acting as an Auctioneer.
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
1 of 1
Presented by
Waterfront Multifamily/Resort Opp | 45 Acres | 231 Waterside Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Presented by
Waterfront Multifamily/Resort Opp | 45 Acres | 231 Waterside Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.