Development Opportunity in Corolla, North Carolina

News Summary

A rare 177+ acres of unimproved land with direct Atlantic Ocean access is on the market in Corolla, NC. This unique opportunity allows developers to build up to 1,250 hotel rooms, 782 single-family homes, and ample commercial space, enhancing the Outer Banks’ appeal. With flexible building height allowances and direct access to water, this land is perfect for ambitious projects. The Outer Banks area, rich in history and improving infrastructure, awaits innovative visions from potential buyers.

Exciting Development Opportunity in the Outer Banks

Corolla, North Carolina, is making waves with an incredible real estate opportunity that will have developers and investors buzzing. A rare 177+ acres of unimproved land has just hit the market, and it’s not just any piece of land; it boasts direct access to the glistening Atlantic Ocean.

What’s on Offer?

This sprawling parcel is made up of five distinctive lots, among which two offer direct beach access. Imagine waking up to the gentle sound of waves crashing and the warm sun painting the sky in beautiful hues each morning. Located in Currituck County, these sites come with the green light for by-right development, which means you can start turning your visions into reality right away.

The opportunities here are vast. Developers have the potential to build up to 1,250 hotel rooms and 782 single-family homes. But that’s not all; there’s also permission for nearly 428,000 square feet dedicated to commercial development. With the combination of residential and commercial, the possibilities are virtually endless!

Ready for Action

Each parcel is ready to hook into municipal water and sewer services, so there’s less hassle when it comes to basic infrastructure. One of the lots even offers the chance to create a marina or boat launch facility with direct access to Currituck Sound. With 82.6 acres and 44 acres specifically designated as waterfront parcels, it opens up a myriad of recreational activities.

Building Height and Density Flexibility

For all those ambitious architects and developers out there, one section of this property allows for the highest building height in the Outer Banks area. This means your dream projects can reach for the sky—literally! Plus, all five parcels come with the right to rearrange density on a pre-approved basis, giving you the flexibility to shape the development however you see fit.

Choosing Your Vision

Whether you’re dreaming of constructing a lavish family estate or a grand multi-resort complex, the choices here are abundant. The unpriced nature of this listing creates an element of excitement and opportunity for potential buyers to explore their unique ideas and visions without the constraints of high initial costs.

The Location Advantage

Let’s talk location. The Outer Banks area is not just any spot on the map; this place is steeped in history! It’s famously close to where the Wright brothers took their first flight near Kitty Hawk, making it a historical destination that draws people from all over the world. Plus, there are plans for the new Mid-Currituck Bridge, a much-anticipated 7-mile bridge that will connect the mainland directly to the Outer Banks, boosting accessibility and potentially increasing property values even further.

A Unique Investment

In the realm of real estate, this is believed to be the largest unimproved property with direct access to the Atlantic Ocean in the entire Eastern U.S. That’s a statement in itself! This rare plot is perfect for those interested in creating something truly special that could serve as exclusive resorts, family compounds, or even lucrative income-producing commercial properties.

Expertise Behind the Opportunity

The brokerage managing this appealing property is known for its global reach, operating over 325 offices and completing more than $20 billion in commercial real estate transactions each year. With such seasoned expertise behind it, buyers can feel confident sourcing innovative support and guidance along the way.

Conclusion

The chance to invest in the Outer Banks with land of this caliber does not come often. For anyone looking to step into a promising venture in North Carolina’s coastal paradise, you might want to keep your eyes peeled and your dreams big!