1303-1305 Arendell Street

Office for Sale
Catylist Listing ID: 29995353
Property Subtypes: Office Building
Building Size (RSF): 3,476 SF
Gross Land Area: 0.30 SF
Sale Price: $340,000
Unit Price: $97.81 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Usable Size (USF): 3,476 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/16/2018

Overview / Comments

Very nice single story masonry office building located along Arendell Street in downtown Morehead City, NC. In addition to wonderful visibility and access, the property offers onsite parking totaling 23 spaces.

Property consists of two parcels. The building sits on one parcel with room for about 5 parking spaces behind building and the second parcel is a paved parking lot with 18 striped spaces. The parcels are separated by an alley.

Current upfit in the building is a nice office build out with private offices, two restrooms and a break room. Perfect for many uses, including professional, medical, real estate and other uses benefiting from visibility and traffic.

The roof is new as of May 2017. One of the HVAC units is within the last 5 years and the other within the last 10 years.

Property is for sale or lease.

Additional Details

Nearest MSA: Morehead City
County: Carteret
Taxing Authority: Carteret County
Tax ID/APN: 638618418368000 and 638618419329000
Property Located Between: 13th and 14th streets, in the easterly part of downtown Morehead City
Property Visibility: Excellent
Highway Access: Property fronts on Arendell Street which is US Hwy 70 in Morehead, providing easy access to points east and west as well as to the Crystal Coast beaches.
Airports: MRH Michael J Smith Field Beaufort
Site Description: Two parcels totaling approximately 0.30± acres improved with a single story 3,476± SF masonry office building located on one parcel and paved parking on the other parcel. Building is upfit as office.
Area Description: Easterly part of the Morehead City CBD, improved with various uses, including office, retail, residential and service/industrial uses.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,476 SF
Year Built: 1978
Year Renovated: 2007
Roof Type: Flat
Construction/Siding: Block, Brick
Exterior Description: Building is concrete block construction with brick veneer on the front facade.
Parking Ratio: 6.6 (per 1000 SF)
Parking Type: Surface
Parking Description: 23 surface parking spaces, comprised of 5 behind the building and 18 on the adjacent parcel.
Total Parking Spaces: 23
Sprinklers: None
Interior Description: Building is currently an office build out. Center reception desk with conference and work rooms behind it. Private offices down two corridors on the sides of the building. Restrooms and break area in back left corner. Finishes are a drop ceiling, laminate and vinyl flooring, painted sheetrock walls and most offices have a 15 lite door on them.
Zoning Description: Downtown Commercial (CD) town of Morehead City
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: The property is comprised of two tax parcels which are separated by a public alley way.
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,058 11,535 21,029
Median Age: 41.31 44.91 46.44
Households: 1,364 5,348 9,777
The information presented herein is provided as is, without warranty of any kind. Neither Cape Fear REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.