Live Oak St

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Live Oak St

Beaufort, NC 28516
Asking Price
$1.31M
Asset Type
Land
Class
Class B

What's Special

This property is located on Live Oak Street in Beaufort, North Carolina, situated within a coastal corridor characterized by a mix of small businesses and residential neighborhoods. The site offers proximity to the historic downtown waterfront district and local marinas. Access to the property is provided via Highway 70, the primary thoroughfare linking the Crystal Coast to the interior of the state. Nearby amenities include local retail centers, hospitality services, and municipal offices, benefiting from the consistent seasonal and year-round traffic flow inherent to this maritime community. The land is suited for commercial development or specialized service facilities. Potential use cases include retail storefronts, professional office space, or water-oriented commercial enterprises that align with the regional economy. An ideal tenant or owner-occupant profile includes local service providers, boutique retailers, or medical practices seeking visibility along a main access artery. The flat topography and existing infrastructure in the surrounding area support a variety of site configurations, catering to users who require a central location with accessibility to both Beaufort and the neighboring town of Morehead City.

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NOI
$80,000
Cap Rate
6.12%
DSCR
1.03
Tight
Cash-on-Cash
0.60%
Monthly Payment
$6,469.643
Annual Cash Flow
$2,364.289

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