Commercial CTEC lot. Currently leased until September 30, 2027 with 2, 1 year extensions. Lease has excellent cash flow, making it ideal for an investor who wants to continue to lease it as raw land or recognizes the value for future development. Utilities; town water, (sewer is at 9-11 Nancy Ann) cable and electric are available at the street. The lot is 118x210, is flat and open and is subdividable. CTEC allows for 40% ground cover. There are no structures on the property. The current tenant uses it to store construction equipment and material.
Floor 1: Be greeted by a generous covered porch and welcoming foyer that seamlessly opens into a bright and spacious dining area, comfortably accommodating ten guests and featuring sliding doors that provide effortless access to the magnificent outdoor retreat. Adjacent to the dining room, discover a beautifully appointed gourmet kitchen designed for both elegance and function, complete with a center island seating four, high-end appliances including a 48-inch, six-burner Wolf range and Sub Zero refrigerator, and a refined bar area featuring a wine refrigerator and an ice maker. From the dining area, double glass sliding doors lead directly to a covered outdoor dining space perfect for al fresco entertaining, comfortably seating ten. The inviting living room centers around a stone-accented wood-burning fireplace and offers additional sliding glass doors that open to the deck, pool, and beautifully landscaped yard. The luxurious primary suite, also located on this floor, boasts a spacious layout, en suite tiled bathroom, contemporary linear gas fireplace, and direct outdoor access via sliding doors. Completing the main level is a comfortable guest bedroom conveniently situated next to a full bathroom.
Floor 2: The second floor is designed as a private guest retreat, featuring a light-filled secondary living room that opens to a generous deck with panoramic views of the pool and surrounding grounds. Adjacent to this airy lounge is a charming reading nook, thoughtfully outfitted with custom built-in bookshelves and a tailored banquette—perfect for quiet afternoons or morning coffee.
Three well-appointed bedrooms provide comfort and privacy for family and guests alike. One suite features soaring vaulted ceilings and a private en suite bath, while another enjoys direct access to its own deck with tranquil views of the pool. A third bedroom shares a beautifully tiled full bath, offering a flexible and inviting layout for hosting visitors with ease and style.
Floor 3: Welcome to the 3rd floor, where you can enjoy direct access to the rooftop walk, offering stunning views of the Atlantic Ocean. This level features a convenient wet bar complete with a sink and fridge. A cozy living area provides a great space for kids to play and offers storage for chairs and items to enhance your rooftop experience.