+/- 3.64 acres adj to Active Commercial Center

>Real Estate Auction in

23 Tuesday
July 23rd, 2019 1:30 PM

+/- 3.64 acres adj to Active Commercial Center

>Real Estate Auction in

Tuesday at - 23rd July , 2019

Notes

Buyers premium: 10% Buyers Premium based on the high bid.
Closing: 30-Day closing, sold in As-Is condition, no contingencies.
Deposit Amount: 10% deposit due within 2 business days of being notified that you are the successful high bidder.
Broker Coop: 2% of the high bid will be paid to a properly registered broker at settlement.

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Location has been calculated by address and may not be 100% accurate.




Auction Items For Sale

+/- 3.64 acres adj to Active Commercial Center

  • Join Food Lion, Hardee3s, Sonic, Subway, Advance Auto, UPS, Fed Ex and more
  • Main thoroughfare to Outer Banks; 36,000 cars/month in season
  • Favorable Hotel Study~Signaled Intersection~Utilities at Site
  • Moyock is a bedroom community to Hampton Roads with solid planned growth


Zoned General Business, this level tract with utilities at site has infinite possibilities! There is not a single hotel on the mainland of Currituck County, yet it3s the main corridor to the Outer Banks beaches that attract millions each summer. The Academi worldwide security training facility is located in Moyock, and hosts over 30,000 people annually, -- they don3t all stay on site.

A feasibility study was done for a 75-room hotel on the mainland of Currituck County in 2017, and it was favorable. "I do think the idea of a hotel for this site may work simply because of the location and the amenities that are close by. Besides, this site is only 20 minutes to the Currituck County Sportsplex, which last year had over 15,000 people attend the various weekend tournaments from the spring until the fall. Guess where those parents and their kids had to stay for the tournaments? NOT in Currituck! They were either in Chesapeake, Elizabeth City or down to the Outer Banks", said Larry Lombardi, Director of Economic Development for Currituck County.

Link to Hotel Study: https://cdn2.hubspot.net/hubfs/308635/HVS%20Market%20Study%20-%20Proposed%20Currituck%20County%20Hotel%20.pdf

Retail, office, restaurant are also good options for this land.

Existing businesses at/near site:
Food Lion
Advance Auto
Dominos Pizza
Dairy Queen
FedEx
UPS
U-Haul
Hardee3s
Sonic
Subway
H&R Block
Xenith Bank
Sakura Restaurant
MasterBrand Cabinets
and much more

In addition to Academi and the PItchin Hole sports complex, public golf course Eagle Creek Golf Club and Grill is nearby.

Flood Zone: TBD
Traffic Count: 19,000 avg daily vehicles , 32,000 during peak summer months

Parcel ID#: 015B00000140000
2019 Tax Assessment: $290,000
2019 Annual Taxes: TBD

Larry Lombardi, Currituck County Economic Director
[email protected]
252-232-6015


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