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    3131 Caratoke Highway

    Currituck, NC 27929
    • $169,900
    • STATUS: Active
    • ON SITE: 59 days
    • MLS #: 113239
    $169,900
    • 0
      BEDS
    • 0.51
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Maximum Visibility Corner Commercial Property with Billboard (new in 2005) ... 2 Sided Lighted Billboard w/ (2) 10 x 30 advertising panels for a total of 600 square feet advertising *** Subject property is located just a few miles south of the Currituck County Courthouse Complex *** Billboard offers excellent visibility from both the Southbound and Northbound Lanes *** The highway curves in this location thereby providing a long view of the Billboard ADS *** Great opportunity for a business to own their own billboard ... Maximum Traffic Count location ... almost all of the consumer (traffic/tourism) coming from the Northeast US to the Outer Banks will pass by this Billboard - the name recognition factor alone is tremendous subliminal marketing as consumers automatically see you as vested and invested in your business *** Currituck County has made all billboards non-conforming ... this means that no new billboards may be built in the County ... but they are grandfathered and so you are able to maintain them (even rebuild them if they are destroyed by fire) and continue to own and operate them *** Annual license fee to NC State $60 * Monthly Dominion Power bill approx. $30 *** Consider the numbers: cost to install 1 AD is approximately $1800 and they generally last about 2 years ... Cost to rent a similar size Ad with this visibility will be approximately $650/month or $7800 per year ****** IF YOU OWN THE PROPERTY AND 2 SIDED BILLBOARD ... the ADS on 2 sides at $3600 divided by 24 months (2 year lifespan) equals a cost of $150 per month ****** IF YOU RENT A SIMILAR BILLBOARD IT WILL COST YOU APPROXIMATELY $1350 PER MONTH *** If you finance the land purchase you will still be way ahead of the game *** NOTE - THIS PARCEL AND ADJACENT PARCEL TO BE SOLD TOGETHER WITH 108 BELLS ISLAND ROAD "OR" THIS PARCEL SOLD FIRST AND THEN THE ADJACENT PARCEL 108 BELLS ISLAND ROAD - SEE MLS# 113240 and offered at $39,900 *** The 108 Bell's Island Road parcel is Zoned A (Agricultural) with many permissible business uses *** 3131 Caratoke Highway parcel (per survey plat) is 22,276 square feet * 108 Bells Island parcel (per survey plat) is 28,433 square feet ... the two combined round out to 50,709 square feet or 1.16 acres making this a good size corner parcel property *** If you don't want to keep the 108 Bells Island Road parcel you can later sell it or build a home on it for rental income or spec for sale *** As for 3131 Caratoke Highway there are commercial development opportunities in addition to the billboard onsite *** Excellent long term possibilities (MID-CURRITUCK BRIDGE) with present benefits! ...

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    © 2021 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corolla Real Estate | Keller Williams Outer Banks. Data last updated: 2021-05-06T23:37:39.26.
    www.corollarealestate.com/homes/114879350
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    3131 Caratoke Highway Currituck, NC 27929

    • Price: $169,900
    • Status: Active
    • MLS #: 113239
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.51
    Acres
    Neighborhood:
    None
    County:
    Currituck
    Area:
    Maple to Moyock
    Property Description
    Maximum Visibility Corner Commercial Property with Billboard (new in 2005) ... 2 Sided Lighted Billboard w/ (2) 10 x 30 advertising panels for a total of 600 square feet advertising *** Subject property is located just a few miles south of the Currituck County Courthouse Complex *** Billboard offers excellent visibility from both the Southbound and Northbound Lanes *** The highway curves in this location thereby providing a long view of the Billboard ADS *** Great opportunity for a business to own their own billboard ... Maximum Traffic Count location ... almost all of the consumer (traffic/tourism) coming from the Northeast US to the Outer Banks will pass by this Billboard - the name recognition factor alone is tremendous subliminal marketing as consumers automatically see you as vested and invested in your business *** Currituck County has made all billboards non-conforming ... this means that no new billboards may be built in the County ... but they are grandfathered and so you are able to maintain them (even rebuild them if they are destroyed by fire) and continue to own and operate them *** Annual license fee to NC State $60 * Monthly Dominion Power bill approx. $30 *** Consider the numbers: cost to install 1 AD is approximately $1800 and they generally last about 2 years ... Cost to rent a similar size Ad with this visibility will be approximately $650/month or $7800 per year ****** IF YOU OWN THE PROPERTY AND 2 SIDED BILLBOARD ... the ADS on 2 sides at $3600 divided by 24 months (2 year lifespan) equals a cost of $150 per month ****** IF YOU RENT A SIMILAR BILLBOARD IT WILL COST YOU APPROXIMATELY $1350 PER MONTH *** If you finance the land purchase you will still be way ahead of the game *** NOTE - THIS PARCEL AND ADJACENT PARCEL TO BE SOLD TOGETHER WITH 108 BELLS ISLAND ROAD "OR" THIS PARCEL SOLD FIRST AND THEN THE ADJACENT PARCEL 108 BELLS ISLAND ROAD - SEE MLS# 113240 and offered at $39,900 *** The 108 Bell's Island Road parcel is Zoned A (Agricultural) with many permissible business uses *** 3131 Caratoke Highway parcel (per survey plat) is 22,276 square feet * 108 Bells Island parcel (per survey plat) is 28,433 square feet ... the two combined round out to 50,709 square feet or 1.16 acres making this a good size corner parcel property *** If you don't want to keep the 108 Bells Island Road parcel you can later sell it or build a home on it for rental income or spec for sale *** As for 3131 Caratoke Highway there are commercial development opportunities in addition to the billboard onsite *** Excellent long term possibilities (MID-CURRITUCK BRIDGE) with present benefits! ...
    Exterior Features

    Lot Description CornerLevel Lot Faces West Roads PavedPublic Street Frontage 321 Waterfront Location None

    Property Features

    Association Fee YN No - Restrictive Covenants May A Bank Owned YN No Documents On File Recorded PlatTitle Policy Electric Available Estimated Annual Fee 0 Financing Options CashLot Loan Flood Zone X Land Type Commercial Possession Closing Potential Short Sale No Sewer Septic Private Septic Tax Year 2020 Taxes 300 Zoning Gb

    Listing courtesy of John Leatherwood of Coldwell Banker Seaside Realty Kh.


    © 2021 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corolla Real Estate | Keller Williams Outer Banks. Data last updated: 2021-05-06T23:37:39.26.
     
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