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$424,900 (USD)
Active

Grandy Area Land

Active

6842 Caratoke Highway Grandy, NC 27939

Bed
0 Baths
sqft
MLS# 129821
Incredible Pricing INCREDIBLE OPPORTUNITY! ... OVER 11 ACRES AND 1128 FEET ROAD FRONTAGE ON CARATOKE HIGHWAY WITH THE AREA'S MAXIMUM TRAFFIC COUNT ... ZONED GENERAL BUSINESS - THE MOST FLEXIBLE COMMERCIAL ZONING IN CURRITUCK OFFERING THE WIDEST NUMBER OF COMMERCIAL (AND SINGLE FAMILY RESIDENTIAL) USES! *** This is an 11.47 Acre Tract in North Jarvisburg w/ Grandy Address ... Just south of Weeping Radish *** NC 158 CARATOKE HIGHWAY CORRIDOR ... HIGH VISIBILITY AND HIGH TRAFFIC COUNT ... All traffic North/South travels this Highway ... AND WITH 1128 FEET ROAD FRONTAGE YOU CAN'T MISS THIS LOCATION *** WHATEVER TYPE USE / DEVELOPMENT IS PLANNED FOR THIS PROPERTY WILL BE EXTREMELY VISIBLE TO PASSERSBY *** Seller had preliminary Development Plan part way through the Approval Process with Currituck County (see Associated Docs) in 2004 *** Although timelines have expired it is very likely the Engineering (by Robert J. Stewart, Jr. PE) and Survey work (by Bill Robbins) w/ Proposed subdivision would still be doable today *** Land is 1128 feet on West side of Caratoke Highway (120 foot right of way along Highway) at corner of Betsy Dowdy Private Road along which you have 466 Feet of South property line *** Rear (West) property line is 1057 Feet and the North property line is 463 Feet *** 2004 Preliminary Plat reflects 7 Commercial Lots and 1 Residential Lot ... the residential lot will contain a wet detention basin *** The General Business (GB) Zoning is the most versatile of the Commercial Zoning classifications in Currituck County affording a property owner a multitude of Development options ( See Associated Docs) *** One such option is Single Family Homes ... allows you to live / work from home *** The development plan ... if developed into Individual Lots would be suitable for single family homes ... connected by a common access feeder road so that each lot would not have its own ingress and egress to Caratoke Highway ... but all lots would feed to the via the Service Road to Betsy Dowdy Road for access to the Highway *** The Sellers named this project the SUNSET COMMERCIAL SUBDIVISION *** NO plans have been finalized so a buyer has all options open to them ... BUT if a Buyer would want to pursue this type of development, they would have a leg up on the process as far as its very real potential *** SEE ASSOCIATED DOCS FOR EXISTING DEVELPMENT DETAILS FROM 2004 *** Other Options are many such as Restaurants, Grocery Store, Strip Mall Shopping Center, and so much more!!! *** Flood Zone X ... so, NO Flood Insurance required *** ... COME SEE!
Listing Courtesy of OUTER BANKS ASSOCIATION OF REALTORS / Coldwell Banker Seaside Realty / John S. Leatherwood
$289,900 (USD)
Active

Jarvisburg Area Single Family Home

Active

175 Michael Street Jarvisburg, NC 27947

2 Bed
2 Baths
952 sqft
MLS# 100550439
175 Michael Street, Jarvisburg, NC is a cash-flow-positive investment property offering immediate income with long-term flexibility. Permitted as a 2-bedroom, 2-bath home, the property is currently configured as a high-performing rental asset, ideal for investors seeking reliable returns.

The upper level is leased month-to-month at $1,300/month, providing instant cash flow. The lower-level studio (see floor plan) is currently vacant and was previously rented for $1,100/month, offering the opportunity to place a tenant immediately, adjust rental strategy, or reconfigure the space. There is potential tenant interest, allowing for a smooth transition if desired.

This efficiently designed home was built by one of the area's most reputable builders, Reliant Construction. With no wasted space, the layout offers an open, spacious feel on both the upper and lower levels, maximizing functionality and long-term rental appeal. Both levels are heated and cooled by efficient mini-split systems, helping keep operating costs low. The shared washer and dryer are located on the lower level, along with a water softener that services the entire home.

Centrally located between the Outer Banks and Elizabeth City, this property presents an excellent opportunity for employee or workforce housing, which is increasingly difficult to find in the area. Ideal for service industry professionals, healthcare workers, and OBX employees commuting to and from the beach.

Well suited for investors seeking immediate positive cash flow, local business owners needing workforce housing, or owners desiring flexibility with month-to-month tenancy and future repositioning.
Listing Courtesy of Hive MLS / Coldwell Banker Seaside Realty / Brook Sparks
$289,900 (USD)
Active

Jarvisburg Area Single Family Home

Active

175 Michael Street Jarvisburg, NC 27947

2 Bed
2 Baths
952 sqft
MLS# 131579
Investor Opportunity | Cash-Flowing Property in Jarvisburg| Employee housing below $300K

175 Michael Street, Jarvisburg, NC — a cash-flow-positive investment property offering immediate income and long-term flexibility for the right buyer.

Permitted as a 2-bedroom, 2-bath home, this property is currently configured to operate as a high-performing rental asset, making it an attractive option for investors seeking reliable returns. The upper level is leased month-to-month at $1,300 per month, providing instant cash flow from day one.

The lower level studio is currently vacant, creating an opportunity for a new owner to place a tenant immediately, adjust rental rates, or reconfigure the space to align with their investment strategy. There is already potential tenant interest, allowing for a seamless transition if desired. The rent was previously $1100 per month.

This efficiently designed home was built by one of the area’s most reputable builders, Reliant Construction. With no wasted space, the layout offers an open and spacious feel on both the upper and lower levels, maximizing functionality and appeal for long-term tenancy.

Both the upper and lower levels are heated and cooled by efficient mini-split systems, helping keep operating costs low. The washer and dryer are conveniently located on the lower level, along with a water softener that services the entire home, adding both comfort and value.

Centrally located between the Outer Banks and Elizabeth City, this property presents an excellent opportunity for employee or workforce housing, which is increasingly difficult to secure in our area. The location is ideal for service industry professionals, healthcare workers, and OBX employees commuting to and from the beach.

This property is well suited for:

Investors seeking immediate positive cash flow

Local Business owners looking for workforce or long-term housing solutions for employees

Owners wanting flexibility with month-to-month tenancy and future repositioning

With income already in place and additional upside potential, 175 Michael Street offers a strong, low-friction entry point into the Currituck County investment market.

The stairs are on exterior only - you cannot get from floor to floor inside the house.
Listing Courtesy of OUTER BANKS ASSOCIATION OF REALTORS / Coldwell Banker Seaside Realty / Brook Sparks