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505 Atlantic Beach Causeway, Atlantic Beach, NC 28512

$1,450,000
Property Type: Comm Sale or Lease Square Footage: 4,219 Lot Size (sq. ft.): 14,810 Status: Closed
Current Price: $1,450,000 List Date: 2/22/2023 Last Modified: 5/14/2025

Overview

Description

Real estate only for sale Excellent investment or 1031 opportunity.... Amazing location on the main road(Atlantic Beach Causeway) into Atlantic Beach. Property offers 125 Feet of waterfront w/boat ramp and 7 deep water boat slips that can be rented separately by the day, week, month or annually as an additional revenue source. Current building tenant is an established regional seafood restaurant with a triple net lease. Commercial sewer is in the works which will change the dynamics of number of patrons for the restaurant.

Listing Details MLS# 100370633

Contract Info

Available Date
2023-02-23
Delayed Marketing?
No
Marketing Start Date
2023-02-22
Sub-Type
Improved
Sale/Lease
Sale
Auction
No
Listing Price
1550000
List Price/SqFt
367.39
Stipulation of Sale
Standard

Location Information

Street #
505
Street Name
Atlantic Beach
Street Suffix
Causeway
County
Carteret
State/Province
NC
Zip Code
28512
City Limits
Yes
Marketing City
Atlantic Beach
Subdivision
Sound View Isles
Secondary Subdivision
N/A

Remarks and Showing

Directions to Property
from MHC restaurant on right after leaving the bridge
Sign on Property
No

Building Info

New Construction
No

BuildingExt Features

SqFt - Heated (Primary)
4219

Legal and Taxes

Tax Assessed Value
660197
Deed Book
1743
Deed Page
339
Legal
L41 45 B5 SOUND VIEW ISLES
Broker Owner
No
PID
637512956921000
Tax Identifier
637512956921000
Plat Book
4
Plat Page
40
Total Real Estate Property Taxes
3514.04
Special Assessments
none
Tax Year
2022
Year Built
1958
Zoning
commercial cor
HOA
No
Cobra Zone
No
Federal Flood Ins Avlbl
Yes

More Information

Status Change Info

Under Contract Date
2023-06-07
Sold Date
2023-09-27

Building/Ext Features

Lot Acres
0.34
Lot SqFt
14810
Lot Dimensions
125x120x125x120
SqFt - Total Available
4219
Location Type
Island

Business Type

Food Service
Yes

Parking Features

Lighted
Yes
On Site
Yes

Sale/Lease Includes

Buildings
Yes

Road Type/Frontage

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

Heating System Fuel Source

Electric
Yes

Water Heater

Electric
Yes

Sewer

Septic Tank
Yes

Property Features

Business Type: Food Service Parking Features: Lighted; On Site Heating System Fuel Source: Electric Water Heater: Electric Sewer: Septic Tank
Listing Office: Realty World First Coast Rlty
IDX
Last Updated: May - 14 - 2025
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