$89,900

2180 Nc 304

Bayboro NC, 28515

Description

Have you ever dreamed of developing an affordable tract of waterfront property? Are you the type who can appreciate the exciting opportunity of a partially-built residential project 25 minutes from New Bern? Look no further!! On a tranquil tributary of the Bay River, this is a true ''Diamond in the Rough'', which. although daunting in appearance to the conventional waterfront shopper, is an investment opportunity for the intrepid builder/investor. The property consists of two tracts. Lot 1 (see survey) is 2.18 acres with a ca. 1970 former residential structure of approximately 1500 sq. ft. which is flood-damaged and currently uninhabitable. It has over 65' on Raccoon Creek and shares 576'+ of a navigable canal with the adjoining Lot 2.Lot 2 holds the key to the true dimensions of this property's potential... 3.08 acres of land and 322+ of Raccoon Creek frontage, softened by a splendid marshland fringe. Already built on the site is a partially-completed effort to construct a tri-plex. Built in 2006, dried-in, and targeted towards a high-end market of fishing enthusiasts. Consequently, the building is elevated gracefully and highly above a concrete parking area designed to permit folks to park their fully-outfitted fishing boats under the structure! The windows are Andersen and the roof is of a dimensional shingle. The extent of property damage is unknown due to the current inability to enter the structure. Consider the possibilities! Perhaps the building could be re-configured into a luxurious single-family home with a guest wing? Maybe finish the tri-plex? How about a base for a fishing business with apartments? A place for your unique business, while you build a home in lieu of the old house on Lot 1? For only $89,900.00, you can affordably enjoy all the exciting potential this rare property offers!

Details

MLS#100208744
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site222

Features

ZoningNone
Acreage5.26
Water FrontYes
Property ViewYes
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Area Information
StateNC
CountyPamlico
CityBayboro
Zip Code28515
AreaPamlico
Community NameNot In Subdivision
Listing VS Median (in Not In Subdivision)
Price:
$89,900
low | high
Med:
$165,000
33.537263626251% of Average
On Site:
222
low | high
Med:
160
100% of Average
Listing Updated: 10/18/2020
CHRIS MACHLE LogoMLS Number: 100208744
Listing Provided By:
CHRIS MACHLE  of  TIDEWATER REAL ESTATE INC
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