8466 Caratoke Highway

Description

Located at 8466 Caratoke Highway in Powells Point, NC, this commercial property offers a rare opportunity to own an entire office building just minutes from the Wright Memorial Bridge and the Outer Banks. The building is part of the SAMPAT Professional Center and is currently configured as four separate unitstwo upstairs and two downstairseach deeded individually. Currently, the entire building is occupied by a single tenant under a triple net lease that runs through the end of 2026, with potential for extension. Under the lease, the tenant is responsible for property taxes, insurance (estimated at $67K annually), HOA dues ($1,500 quarterly), and maintenance including HVAC, plumbing, and electrical (roof excluded). These additional obligations bring the tenant's total annual contribution to an estimated $68,000, compared to the base rent of $48,301. The flexible layout makes this an attractive investment for continued single-tenant use or future multi-tenant conversion. With multiple private offices, common areas, and a large space currently used for storage and conferences, the building would be especially well-suited for professional services such as a medical or dental practice. HOA fees cover grounds maintenance, parking, common areas, and septic. Positioned directly across from The Pointe Golf Club, this location combines visibility, accessibility, and long-term potential.