Commercial

503 Croatan Highway S Lot #11, Kill Devil Hills

$649,000.00

  • Listing ID #: 128156
  • Status: Active
  • Address: 503 Croatan Highway S Lot #11, Kill Devil Hills, NC 27948
  • Date Listed: 2/5/2025
  • Days on Market: 77
  • Stipulations: No

Location Location

Agent Comments Agent Comments
**Prime Commercial Corner Lot in Kill Devil Hills** This high-visibility commercial corner lot is strategically located just south of the Kill Devil Hills Post Office, directly across the street from Captain George's Restaurant and The Outer Banks Brew Station. Situated between the highways with access from Goddard Avenue, this property offers exceptional convenience and accessibility. The property features two separate entrances, providing the potential for dual units. Utilities are shared with a single meter. The first unit boasts a large, welcoming foyer/flex space, an office with a shared full bath, and an additional office space with a half bath. A centrally located kitchenette, with the potential for a sitting area or media room, enhances functionality. The second unit is a spacious room with a half bath, ideal for a massage studio, therapist, accountant, or similar professional use. Projected rental income is approximately $1,700 per month for the larger 1,000 sq. ft space, and $700 per month for the 300 sq. ft. space. An additional $200 per unit brings the total potential income to $26,400 annually. The property also includes a 64' lighted sign for enhanced visibility. This is an outstanding opportunity for a variety of commercial ventures in a prime location.

Additional Features Additional Features
  • Construction Materials: Wood
  • County: Dare
  • Days on Market: 77
  • Pool: No
  • Property Sub Type: Office
  • Sale or Rent: S
  • Sewer: Private Septic
  • Waterfront Features: None
  • Water/Sewer: Municipal Water
  • Year Built: 1971

Financial Financial
  • Annual Tax Amount: 2024.74
  • Bank/Institution Owned: No
  • Buyer Financing: Cash
  • Original Price: 649000
  • Ownership: Owned More than 12 Months
  • Possession: At Closing
  • Price Update Date: 2025-02-24T15:56:12.3+00:00
  • Short Sale: No
  • Tax Year: 2024

Interior Features Interior Features
  • Cool System: Central, Heat Pump
  • Heat System: Central, Heat Pump

Exterior Features Exterior Features
  • Foundation details: Slab
  • Fuel Tanks: None
  • Lot Features: Corner,Level
  • Road Surface Type: Private,Paved
  • Roof: Asphalt/Fiber Shingle
  • Water Source: Municipal Water
  • Waterfront Feature: None

Location Location
  • Street Number: 503
  • MLS Area Minor: Kill Devil Hills b/w Hwys

Listed by: Heather from Coldwell Banker Seaside Realty - KDH.

Outer Banks Association of Realtors

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