1004 Kitty Hawk Road $2,000,000

The former Kitty Hawk Schoolhouse located on Kitty Hawk Road. This property has endless potential and possibilities for renovation and future development. Built in 1920 in a Rosenthal 4 classroom design and later expanded to accommodate grades 1 through 12. This building has served as a schoolhouse, apartments, motel, a hostel/campground and most recently, as long term apartments. This property is currently on the NC SHPO study list making it a potential candidate for a historic tax credit renovation. Two parcels with a combined deeded lot size of 10.08 acres (1004 & 1000 W Kitty Hawk Rd) are for sale. The main building has 18 units composed of 3 two bedroom units, 6 one bedroom units and 9 studio apartments. All units have their own cooking space and full bathroom. Most units are individually metered for electrical while sharing a common water meter. On the northwest corner of the property, there is a separate building that was used as a bathhouse for the former campground. The current owner has obtained town permission to convert this space into an additional dwelling unit. The top level has four unfinished rooms, and the midlevel has bathrooms and a laundry area with two office spaces. The property contains two septic systems with an overall capacity to service 32 bedrooms. The Property is zoned VR-3 high density residential village district. This zoning allows for permitted used of detached single-family dwellings, duplexes, multifamily dwellings, customary accessory buildings including private swimming pools and tennis courts and Manufactured homes. Zoning also allows for permitted special uses of churches, cemeteries, public parks and playgrounds, golf courses, home occupations, nursing homes, planned unit developments, manufactured homes and Hostel tent camping. Buyers to confirm highest and best use for the property. Please ask listing agent for expansion feasibility study and onsite wastewater system.

This listing is provided courtesy by Matt Preston, Twiddy and Company - Corolla