O.K. Hogan - Commercial Real Estate Showcase

O.K. Hogan Property Listings
Coastal Specialist
Star Team Real Estate
316 Joan Ct
Beaufort, NC 28516

715 W Fort Macon Road

Atlantic Beach, NC 28512

Property Type:Land Parcel Size:4.2 Acres
For Sale Price:$5,000,000 Price/Acre:$1,190,476 Price/SF:$27.33

Proposed Use:MultiFamily

On-Site Improv:-

Sale Notes:
A unique opportunity to build up to 84 condominiums within an existing development at Atlantic Beach, North Carolina. This project replaces 14 demolished buildings within the pre-existing footprint. Streets, parking, sewer system, direct beach access to private ocean beach, 2 outdoor pools, 1 indoor pool, playground, plus other amenities galore are already in place. Total estimated value of all amenities and infrastructure is $2.9MM. You only have to build the buildings, which can be built in phases to limit your financial exposure. Permitting should be simple to re-create this highly profitable venture. City officials and the existing development will welcome this project.

Star Team Real Estate
O.K. Hogan
(252) 422-2205

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