231 Waterside Dr - Apartments FOR SALE


Roper, NC 27970
$5,900,000 USD
757-218-2297
231 Waterside Dr, Roper, NC for Sale
$5,900,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

231 Waterside Dr
Roper, NC 27970


HIGHLIGHTS

  • High-Quality Waterfront Asset: ±45 acres with expansive views of the Albemarle Sound and direct water access via an existing dock
  • Significant Development Potential: Highest and best use is redevelopment as an RV park and campground. A zoning change would be required.
  • Onsite Income-Producing Improvements: Includes a 12-unit condominium building and swimming pool — offering potential near-term income or hospitality
  • Favorable Access & Utilities: Existing road and utility access at the site boundary. Infrastructure improvements will be needed to serve end users
  • Strong Market Trends: Increasing demand for RV travel, outdoor hospitality, and nature based tourism supports long-term growth for this asset class
  • Strategic Buyer Profile: Suited for experienced RV park or campground developers/operators seeking to scale in the Southeast with a premier waterfront

OVERVIEW

Cushman & Wakefield |Thalhimer is pleased to present the sale of 231 WATERSIDE DRIVE, ROPER, NORTH CAROLINA 27970, a 45.95-acre partially developed waterfront land parcel (“the Property”) in the Heart of Roper, North Carolina. This is an exceptional opportunity to acquire a ±45-acre waterfront parcel located directly on the Albemarle Sound in Roper, North Carolina. This generational property offers significant upside potential through redevelopment into a modern RV park and campground destination. The offering includes a well-situated, scenic tract with substantial shoreline frontage, an existing dock, a 12-unit condominium building, and a private swimming pool — providing a unique blend of natural amenities and existing infrastructure to accelerate development timelines. Initial discussions with local officials indicate receptivity to a rezoning request to allow for RV park and campground use. The property is accessible via US Highway 32 and State Road 32. The property boasts interior roads and utilities at the site. Additional water, sewer, and electricity infrastructure would be required based on the development plan to service individual RV pads and/or campground sites.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$236 USD /SF

# OF UNITS

12

PRICE/UNIT

$491,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2008

PARKING SPACES

-

LAND DETAILS

LAND ACRES

45.33 AC

LAND SF

1,974,575 SF

ZONING

-

APN/PARCEL ID

7841.03-22-4434

ASK ABOUT THIS PROPERTY

Clark SimpsonCushman & Wakefield | ThalhimerMore Info
757-218-2297

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Clark SimpsonCushman & Wakefield | ThalhimerMore Info
757-218-2297

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.