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Property Description

Investment opportunity in Salvo. Strong commercial lease in place for 3.5 more years with a property management firm on the ground floor. Above on the second floor are 3 two bedroom apartments. Two are currently month to month-to-month leases, and the third will be on month to month in August 2024. 3 HVAC units were replaced(9/2020, 3/2022, and 12/2022). In 2021 a new septic field for 6 bedrooms was installed. Great central location, solid building, and good financials that can only get better make this a smart investment on the OBX.

Overview

Property Status
Sold
Lot Size
0.55 Acres
MLS ID
124924
Property Type
Commercial
Year Built
2004

Features & Amenities

Water Source
Public
Roof
Asphalt
Heat Type
Heat Pump
Sewer
Septic Tank
Sales Price
$759,000
Real Estate Tax
$3,514/yr
Zoning
S-1

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26651 Highway 12

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