500 Arendell Street, Morehead City, NC

$1,295,000

Previous Next

3

Beds

4

Baths

5,540

Square feet

0.08

Acres

About 500 Arendell Street

Downton Morehead City Bed & Breakfast, On the Crystal Coast with Panoramic Water Views and Unlimited Possibilities for Expansion... This is a unique opportunity to acquire a solid income-producing building, originally built in 1904, as the ''Tide Water and Power Building''. Redesigned, re-engineered, repurposed, meticulously restored, and rebuilt since 2004, as a ''Fortified Structure'' (capable of withstanding a CAT 5 Forces). The building has been engineered and built for multiple floor additions up to 70 ft, with 5 more rental units and event space already planned. The building has two, 2 car garages for off-street parking, as well as ample street parking on two sides. There are three residential living spaces within the building making it the perfect owner-occupied Bed & Breakfast opportunity. The rental and event income possibilities are extensive. Location - Location - Location on the corner of N 5th Street and Arendell St. (Hwy 70 West), overlooking the historic waterfront Business District, and within walking distance to some of the best premier restaurants, bars, shops, boutiques, and the famous fishing fleets of the Crystal Coast. Downtown Morehead City is a vibrant destination that offers something for everyone. From its charming streets lined with unique shops and boutiques to its picturesque waterfront, there are plenty of reasons to visit, experience, enjoy living, and doing business in the magic of a growing Downtown Morehead City.

Features of 500 Arendell Street

MLS® # 100486161
Price $1,295,000
Bedrooms 3
Bathrooms 4.00
Full Baths 3
Half Baths 1
Square Footage 5,540
Acres 0.08
Year Built 1920
Type Residential
Sub-Type Single Family Residence
Status Active

Community Information

Address 500 Arendell Street
Subdivision Not In Subdivision
City Morehead City
County Carteret
State NC
Zip Code 28557

Amenities

Amenities None
Utilities Sewer Available, Water Available
Parking Spaces 2
Parking Garage Faces Side, Off Street
View ICW, Marina, Ocean, Sound, Water
Is Waterfront No
Waterfront None
Has Pool No

Interior

Interior Features Entrance Foyer, Ceiling Fan(s), Walk-in Shower
Appliances Dishwasher
Heating Forced Air, Heat Pump
Cooling Central Air, Heat Pump
Fireplace No
Fireplaces None
Stories Two

Exterior

Lot Description Corner Lot
Roof Flat, Membrane
Construction Concrete, Stucco
Foundation Slab

School Information

Elementary Morehead City Primary
Middle Morehead City
High West Carteret

Additional Information

Date Listed January 31st, 2025
Days on Market 235
Zoning Commercial
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams Realty

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?