57321 NC-12
Hatteras, NC 27943
The Atlantic Inn · Hospitality Property For Sale · 7,441 SF

**LOCATION-LOCATION-LOCATION**MULTI $$ BILLION $$ TOURIST ECONOMY....FORTUNE 500 COMPANY "WYDHAM" NEXT DOOR...FORTUNE 500 COMPANY RENTING BEACH HOUSES ($5,000 - $8,000 WK)...*****Historic Motel (circa 1928).....BnB....Suites ...Dining....Piano Lounge....Commercial Kitchen....Event Center - Weddings, Family Reunions, Corp Events & More ....We Got The Beach..****13 Br Commercial or many uses (keep 2 br apartment for owners quarters + rent other)..***All Uses OK Residential + Commercial***...**2019 Tax Appraised $654,100 ....(Does Not Include Business $$ Value)...***See Pro Forma Income:$256,000+/- Annual Income..***Net $144,400 18.75% CAP $$ ROI****LOCAL PROPERTY MANAGEMENT AVAILABLE***......Can Build 2nd additional Building with engineered plan...****Recent Remodel/Restoration*** + ***Building Raised Above Flood Plane (New Foundation)*******COMING SOON Will POST AirBnB +VRBO****. .1- Block to Ocean Beach - 1 Block to Sound Front....***GOLF CARTS ALLOWED ON ROADS IN HATTERAS VILLAGE*****4x4 ORV OK on BEACH with PERMIT Cape Hatteras National Seashore (online)****..New Owners...7,441+/- sq ft 3 story..( Only $107.50 sq ftincluding..1.1 +/- Ac Commercial Lot NC Hwy 12 (equivalent 3 - 15,000+ sq ft Commercial Lots NC 12 @ Comp Value $150,000 Lot = $450,000 Vacant Lot Value $$ Comps) )...AE9 FLOOD ZONE..Hatteras NC 27943.....$400,000 Seller Financing 6%/30 Yrs = $2,398.20 mo ....or Cash $$ is King....See Pro Forma...$256,250+/- Income Potential...$144,400+/- Net Potential...18.75% CAP Rate Potential ..Fully Furnished..Lounge with Grand Piano +****PLUS NEW COMMERCIAL KITCHEN....***CAN LEASE KITCHEN & DINING AREA TO CHEF OPERATOR FOR GOURMET DINING $4,000 MO + SHARE UTILITIES + COMMON AREAS***NOT PART OF PRO FORMA***.....Call Broker for Appointment ....****CAN BUILD ADDITIONAL 18,000+/- SQ FT BUILDINGS: MOTEL-HOUSE-CONDOS-TOWNHOUSES-APARTMENTS, STORE FRONTS, ETC, WITH ENGINEERED ARCHITECT PLANS**** **.New Management in Place**...Will Train..*** Local Property Management Available***.Opportunity is Knocking****....Limited Motels in Area....8 Rooms +3 suites + 2 br Apartment....Lobby + Dining Area + Full Kitchen...Events: Weddings + FamilyReunions + Corp Events....or Just Plain Serendipity....Bare Foot Vacations...2.5+/- Million Tourist Annually Cape Hatteras National Seashore....***SEE LINKS ATTACHED***..5.5+/-Million Tourist Annually Outer Banks NC....High Traffic Area NC Hwy 12 Hatteras NC 27943....All Traffic Must Pass By.....Hatteras-Ocracoke Ferry ....approx 1+/- Million Passengers yr...+ New High Speed Cat Passenger Ferry Cruise to Ocracoke....***CLOSE TO 6 MARINAS***......, Ocean + Sound Beaches, Museum Grave Yard of the Atlantic...close to Shopping, Dining, Water Sports, Fishing, Clamming, Beach Coming..***WORLD CLASS MARLIN FISHING CAPITAL WORLD*****HOME OF "WICKED TUNA" ....SOUTH.....OUTER BANKS NC....NATIONAL GEOGRAPHIC SERIES***INTERNATIONAL PUBLICITY***....4x4 ORV Ramp nearby and more attractions.....Can Build Additional Building with Engineered Plan...28,000+/- sq ft Total Lot Coverage Allowed on 1.1+/- AcCommercial Lot.....This Sold for $999,000 2006 and Market Back....Will Sell More $$ in Future....Opportunity Knocking for Smart Investor....*****LOCAL PROPERTY MANAGEMENT AVAILABLE***CALL BROKER (OWNER)****......Virtual Tour Pendingerty