403 35Th StMorehead City, NC 28557

Property Details for 403 35Th St

Year built

1996

Construction

WOOD

Lot size

0.29 AC

Property size (Sq ft)

1,728 SF

Property type

Office buildings

APN

6376.14.44.4051000

APU

637614444051000

Description

This exceptional 2,318 square foot office building, situated on a 0.3-acre lot in Morehead City, North Carolina, presents a unique owner-user opportunity. Built in 1996 and renovated in 2019, this Class B property boasts a convenient location, less than half a mile from the local hospital and Highway 70. The building features a versatile layout, including five offices of varying sizes, a kitchenette, and a full bathroom on the main level. The second floor offers four additional offices and a half-bath, accessible via both an internal and an external staircase. The property is zoned OP and is currently vacant, providing immediate occupancy for a new owner. The building's 2-story design offers ample space for a variety of uses, making it ideal for medical practices or creative businesses. The property's address is 403 N 35th St, Morehead City, NC 28557, and its APN is 637614444051000. This is a rare chance to acquire a well-maintained, conveniently located office building in a thriving coastal community. The asking price is $420,000.

• CAP approach

  CAP return

  Valuation

  6%

  $320,603

  6.5%

  $295,941

  7%

  $274,802

• Comparable approach

  Method

  Valuation

  Relative Method

  $193,935

  Geo Method

  $396,645

• Alternative Use

  Use

  Valuation

  Residential

  $366,967

  Hospitality

  $336,140

  Educational

  $279,664

  Medical

  $289,282

  Retail

  $435,033

Location Insight

City

Morehead City

County

Carteret

State

North Carolina

Latitude

34.7294

Longitude

-76.7547

CBSA code

33980

CBSA name

MOREHEAD CITY, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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