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4622 Arendell Street, Morehead City, NC 28557

$1,900,000
Property Type: Comm Sale or Lease Square Footage: 3,690 Lot Size (sq. ft.): 127,195 Status: Closed
Current Price: $1,900,000 List Date: 7/08/2022 Last Modified: 1/19/2026

Overview

Description

INVESTMENT OPPORTUNITY!! This is a great business location in Morehead City with high traffic flow, 2.925 acres with over 280 ft road frontage, 7140 sqft commercial building including non-heated storage area, 6 residential houses including a duplex, 3473 sqft brick house duplex, and billboard space rent. Commercial building currently has long term lease with Electronics Plus as well as rented office space and is negotiable. Steady Rental Income! This property is located in a NC Opportunity Zones Program area which offers qualified investors certain tax benefits when they invest unrealized capital gains into these areas. For more information on this program see documents or look online for NC Opportunity Zones. Don't miss this excellent investment opportunity!!

Listing Details MLS# 100337902

Contract Info

Marketing Start Date
2022-07-08
Sale/Lease
Sale
Auction
No
Listing Price
1900000
List Price/SqFt
514.91
Stipulation of Sale
Standard

Location Information

Street #
4622
Street Name
Arendell
Street Suffix
Street
County
Carteret
State/Province
NC
Zip Code
28557
City Limits
Yes
Marketing City
Morehead City
Subdivision
Not In Subdivision
Secondary Subdivision
N/A

Remarks and Showing

Directions to Property
Hwy 24 to Hwy 70 Arendell Street, 1 mile from 24/70 Intersection, the Property is on the left hand side of the road.
Sign on Property
No

Building Info

New Construction
No

BuildingExt Features

SqFt - Heated (Primary)
3690

Legal and Taxes

Tax Assessed Value
787420
Deed Book
1258
Deed Page
298
Legal
Acreage Hwy 70 Morehead City Electronics Plus Building
Broker Owner
No
PID
636615642896000
Tax Identifier
636615642896000
Total Real Estate Property Taxes
5605.69
Special Assessments
None
Tax Year
2021
Year Built
1960
Zoning
Comm/Mixed Use
HOA
No
Cobra Zone
No
Plat Book
No
Plat Page
No

More Information

Status Change Info

Under Contract Date
2022-08-25
Sold Date
2022-11-08

Current Service Providers

Electric Provider
Duke Progress Energy
Sewer Provider
City of Morehead City
Water Provider
City of Morehead City

Building/Ext Features

Lot Acres
2.92
Lot SqFt
127195
Lot Dimensions
283x25x58x300x416x315 Irregular
SqFt - Total Available
7140
Location Type
Mainland

Business Type

Mixed
Yes
Retail
Yes
Commercial
Yes
Other
Yes

C & I Features

Delivery Door
Yes
Security System
Yes
Storage Inside
Yes

View Type

Water
Yes

Construction

Block
Yes
Brick/Stone
Yes
Wood Frame
Yes

Exterior Finish

Block
Yes
Brick
Yes
Wood Siding
Yes

Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes
SBA
Yes

Flooring

Carpet
Yes
Concrete
Yes
Laminate
Yes
Tile
Yes
Vinyl
Yes
Wood
Yes

Fuel Tank

Propane Above Ground
Yes

Fuel Tank Ownership

Owned
Yes

Parking Features

Asphalt
Yes
On Site
Yes
Paved
Yes
Unpaved
Yes

Sale/Lease Includes

Buildings
Yes
Land
Yes
See Remarks
Yes

Roof

Flat
Yes
Shingle
Yes

Road Type/Frontage

4+ Lanes
Yes
Public (City/Cty/St)
Yes

Location

Freestanding
Yes

Heating System Fuel Source

Electric
Yes
Propane
Yes

Utilities

Water Available
Yes

Water Source

Community Water
Yes

Sewer

Community Sewer
Yes

Property Features

Business Type: Mixed; Retail; Commercial; Other View Type: Water Construction: Block; Brick/Stone; Wood Frame Exterior Finish: Block; Brick; Wood Siding Flooring: Carpet; Concrete; Laminate; Tile; Vinyl; Wood Fuel Tank: Propane Above Ground Fuel Tank Ownership: Owned Parking Features: Asphalt; On Site; Paved; Unpaved Roof: Flat; Shingle Location: Freestanding Heating System Fuel Source: Electric; Propane Utilities: Water Available Sewer: Community Sewer Water Source: Community Water Terms: 1031 Exchange; Cash; Conventional; SBA
Listing Office: Sun-Surf Realty
IDX
Last Updated: January - 19 - 2026
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