Listing provided courtesy of Coldwell Banker Seaside Realty - KDHMLS# 131652MLS ProviderContact Information: [email protected]
  • 152 days on site
  • 6 views

Exceptional opportunity to acquire a HIGH-QUALITY, INCOME-PRODUCING MIXED-USE COMMERCIAL PROPERTY in one of the most visible and strategically located corridors on the Outer Banks, positioned at the foot of the Wright Memorial Bridge with PROMINENT HIGHWAY VISIBILITY AND FRONTAGE, offering exceptional exposure along one of the area???s most heavily traveled commercial corridors. The offering includes a TWO-STORY, CLASS A???QUALITY OFFICE BUILDING (constructed in 2005) and a DETACHED MIXED-USE STRUCTURE (2014), providing a rare combination of RESIDENTIAL UNITS AND LARGE-EQUIPMENT STORAGE. The main office building is currently configured into SIX PROFESSIONAL OFFICE SUITES with reception areas, shared lounge spaces, ELEVATOR ACCESS, and FULL ADA COMPLIANCE, reflecting a level of construction quality and long-term ownership care rarely available in today???s limited commercial inventory. The existing office suites feature flexible interior layouts that can be readily reconfigured to accommodate alternate floor plan options or evolving tenant needs. The site offers AMPLE PARKING and ATTRACTIVELY LANDSCAPED GROUNDS with mature vegetation and irrigation, creating a polished and professional environment. ALL 6 OFFICE SUITES AND 2 DWELLING UNITS ARE CURRENTLY OCCUPIED, producing IN-PLACE GROSS ANNUAL INCOME OF $210,605.52, with CONTRACTUAL RENT INCREASES ALREADY SCHEDULED beginning in 2026; based solely on existing leases, projected income increases to approximately $219,887 annually by mid-2026 with additional ESCALATIONS thereafter. The DETACHED REAR BUILDING adds meaningful upside, featuring MULTIPLE TEMPERATURE CONTROLLED STORAGE BAYS with ONE CURRENTLY LEASED AND TWO VACANT, offering immediate lease-up potential, along with 2 INCOME-PRODUCING ACCESSORY UNITS with kitchens, private living areas, and EXPANSIVE DECKS OVERLOOKING THE CURRITUCK SOUND. OWNER FINANCING AVAILABLE AND PREFERRED. Seller will consider COMPETITIVE FIXED-RATE OWNER FINANCING with 20???25 YEAR TERMS. Interest rate and structure are OFFER-DEPENDENT, with more favorable terms available for stronger offers. Seller financing is integral to the transaction structure. TERMS AS COMPETITIVE AS PRICE. This is a RARE OPPORTUNITY to acquire a PROFESSIONALLY MAINTAINED, HIGH-VISIBILITY COMMERCIAL ASSET with STRONG IN-PLACE INCOME, MULTIPLE REVENUE STREAMS, AND SIGNIFICANT VALUE-ADD POTENTIAL in a supply-constrained market.

Source: Outer Banks MLS, MLS#: 131652

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  • Property Type
    Commercial Sale
  • Lot
    1.15 acres

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Cathy Davis

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  • Median Age
    55
  • Population Density
    202
  • College Educated
    59%
  • Estimated Median Income
    $87,571
  • Estimated Total Home Owners
    2,835
  • Estimated Total Renters
    427
  • Owner / Renter Divide
    87% / 13%
  • Estimated Average Household Size
    2
  • Total Population
    7,596
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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Life at 6475 N Croatan Highway


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
1/29/2026Source: Outer Banks MLS Added to Database
January 29, 2026
3/27/2025Source: Outer Banks MLS Added to Database
March 27, 2025

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