For Sale | Coastal Development Opportunity

Beaufort, North Carolina, is one of the fastest-growing coastal destinations on the East Coast. The community has several projects underway and many recently completed. Recent developments including an old schoolhouse converted to residential units, Preston Development's Beau Coast, featuring 300+ new home sites, the 131-room Beaufort Hotel and conference center on the north end of Taylors Creek (managed by Concord Hospitality). In addition, a new 105-room Compass Hotel by Margaritaville is under-development located at Beaufort Yacht Basin, on the corner of Cedar St and Orange St. The site is on Turner Street, two blocks from Front Street, the downtown district featuring the area's restaurants and shops. Being a coastal town, these area businesses thrive during the summer months, with 58% of the area visitors coming between June & August. The Beaufort Dock Marina, near the site, has slips rented for annual boats. Off the dock, there is a high traffic of transient yachts traveling North and South on the intercoastal waterway. This market attracts visitors and small coastal meetings and events throughout the year.The current renderings show a proposed 21-room lifestyle boutique hotel on a property poised for numerous commercial and residential development or redevelopment opportunities. The property includes .28 acres and the historic Masonic Lodge, built in 1845. With its walkability to the bustling downtown community, this site has the potential to thrive in a growing Beaufort. The seller is offering a full set of permit-ready architectural plans and all intellectual property, including branding options, URLs, and social media handles, all included in the fee simple sale.