56 AC Deep Water Marina

Special Purpose for Sale
Catylist Listing ID: 30478760
Property Subtypes: Marina
Building Size (RSF): 10,400 SF
Gross Building Area: See Agent
Gross Land Area: 56 Acres
Sale Price: $3,195,000
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/27/2019

Overview / Comments

The subject property is located in Engelhard, NC, situated on Far Creek, consisting if 56.19 total acres, 20.77 acres uplands, 16.89 acres wetlands, and 18.53 acres that have not been evaluated. The current use is as a marina, seafood company, and mini storage. The property has 1326' of dockable shoreline, with 586' bulkheaded in a protected marina. Far Creek is federally maintained to a depth of 12', with 8' of depth along the docks. Engelhard is centrally located off Highway 264, with direct ocean access almost equidistant to Oregon, Hatteras and Ocracoke Inlets. The Hyde County Airport is just 7 miles away with a paved runway of 4700 feet! There is currently no zoning, and coupled with municipal sewer and water, the potential for this site is practically unlimited. Hyde County is a Tier 1 County, thus the state of North Carolina aggressively encourages development through tax incentives and grants. The site is also in an Opportunity Zone, which has many tax advantages for investments.

Additional Details

Nearest MSA: Greenville
County: Hyde
Tax ID/APN: 8695524755
Zoning: NONE
Property Located Between: Outer Banks and Engelhard
Property Visibility: Good
Largest Nearby Street: Hwy 264
Feet of Frontage: 1,000
Airports: Hyde County Airport 7 miles - 4700 ft runway
Total Number of Buildings: 4
Property Condition: Good
Year Built: 1988
Construction/Siding: Block
Parking Type: Surface
Zoning Description: none
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 5 miles
Total Population: 1,903
Median Age: 45.73
Households: 793
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