500 Arendell Street Morehead City, NC $ 1,895,000
500 Arendell Street
$ 1,895,000
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500 Arendell Street

Morehead City, NC, 28557
$ 1,895,000
Bedrooms-- Baths--

Monthly Estimate*

$ 13,088

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Commercial Property for sale in Morehead City, NC

for $1,895,000. This building was built in 1920 on a lot size of 0.08.

The Historic City House was originally constructed as the Tidewater Power Company in 1920 and was often referred to as the Old Well House. So much charm and beauty through this beautifully renovated building, yet still maintaining so much of the original vintage charm. Established Bed & Breakfast is ready for investor to step in at any time with this prime downtown Morehead City location right by the Waterfront. With 4 beautifully furnished units, there are so many possibilities! THE FLAT is the first level and front entry unit and offers 2 bedrooms, 1.5 baths, full kitchen, and a spacious living area. THE RESIDENCE is the largest unit with 2 large bedrooms, 2 full bathrooms, tons of living space, 12'+ ceilings, laundry room, oversized gourmet Kitchen, and rooftop access. The rooftop has a hot tub, and large space for entertaining with views galore of downtown Morehead City Waterfront, Bogue Sound, Sugarloaf Island, Calico Creek, ICW, and more. THE LOFT offers one spacious bedroom suite with full size kitchen and large living room that has 9'+ ceilings. THE CHAMBER offers a more cozy setting with one bedroom suite and more compact kitchen. Be sure to see photos to appreciate the attention to detail throughout. All units can be connected to create one large residence if desired, units are currently closed off for privacy. Ask agent for current website to see current marketing for existing bed and breakfast. This location is tough to beat and truly is a "turn key investment"!!!

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Commercial Active

Price

$ 1,895,000

Property Type

Commercial

Taxes

$ 0

Style

Multi Family

Lot Size

0.08

Year Built

1920

Town/City

Morehead City

County/Region

Carteret

MLS | Web ID

100612016

Features
General
Heating Heat Pump Electric
Cooling Central Air Heat Pump
Utilities Natural Gas Available Sewer Available Electricity Connected Underground Utilities Cable High Speed Electricity Available Fiber Optic High Speed Internet
Possession Close Of Escrow At Closing
Roof Membrane Flat
Zoning DB
Construction Materials Block Concrete Stucco Wood Siding Wood Frame
Year Built 1920
View ICW Sound Marina Water
Property Subtype Multi Family
Tax Year 2026
Current Use Residential Hotel/Motel HotelMotel See Remarks
Location Cent Business District Corner Gen Bus District Residential
Parcel Number 638620814325000
Business Type Bed & Breakfast Hotel/Motel
County Carteret
New Construction N
Property Type Commercial Sale
In City Limits? (Y/N) Y
HOA N
Attached Garage N
Subdivision Name Not In Subdivision
Possible Use HotelMotel Multi-Family Residential Showroom Single Family
Garage Y/N Y
Status Active
Directions Property is in heart of downtown on corner of Arendell St (Hwy 70) and North 5th St
City Morehead City
Number Of Units Total 4
Lot Size Units Acres
Lot Size Square Feet 3485.0
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Considered Y/N N
Virtual Tour https://my.matterport.com/show/?m=hgCNm9osc41&play=1&brand=0&mls=1&
Structure Type Wood Frame
Standard Status Active
Tax Assessed Value 1027988
Legal Description L1 2 B6 MOREHEAD CITY 0.0810 AC
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Interior
Flooring Tile Wood
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Total Baths 0
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Exterior
Exterior Finish Block Stucco Wood Siding
Parking Features Garage Faces Side Garage Door Opener On Street Garage
Lot Features Corner Lot
Water Source Public
Total Parking 2.0
Lot Size Area 0.08
Foundation Details Block Slab
Spa N
Building Area Total 4896.0
Lot Dimensions 55x64
Lot Size Acres 0.08
Road Surface Type Paved
Waterfront Y/N N
Road Frontage Type City Street State Road Highway Maintained Paved
Crops Included Y/N N
Horse Y/N N
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Internal Only
Street Number 1 500
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* Excluded Features
List By
Meredith & Matt Team Johnson

Listing Agent

Re/Max Ocean Properties

Broker

mattj@remax.net

Email

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$13,088
Per Month
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Monthly Principal & Interest
$13,088
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3960720 Elementary School
3960847 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/22/2026$1,895,000 Listed Price

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500 Arendell Street, Morehead City, NC, 28557 is a Commercial Property for sale at $1,895,000 with a lot size of 0.08. 500 Arendell Street was built in 1920. The property's zip code is 28557 which is in Morehead City, NC