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About This Home

This 0-bedroom, 0-bathroom commercial at 6715 S Croatan Highway in Nags Head, NC is listed for $11,950,000 ($1,288 per sqft). Built in 1932, the home offers 9,279 sqft of living space on a 6.07 acres lot.

Agent Description

First Colony Inn - Historic Outer Banks Inn with Oceanfront Development Opportunity A rare opportunity to acquire one of the most iconichospitality properties on the Outer Banks. Located in the heart of Nags Head, the historic First Colony Inn offers timeless coastal charm pairedwith a unique oceanfront investment component.

Originally constructed in 1932 and listed on the National Register of Historic Places, the inn isone of the last remaining examples of the classic ''Old Nags Head style'' beach hotels that once defined the Outer Banks. The shingle-stylestructure features expansive wraparound verandas designed to capture ocean breezes and provide inviting spaces for guests to relax andgather.

The property includes 26 uniquely appointed guest rooms, many offering kitchenettes, sitting areas, whirlpool tubs, or private porches.Amenities include a seasonal outdoor pool, landscaped grounds, welcoming common areas, and convenient beach access nearby.

The inn haslong been a favorite destination for weddings, reunions, and coastal getaways, with strong repeat clientele and year-round tourism demand.Included in the offering are oceanfront parcels totaling approximately 210 feet of direct Atlantic Ocean frontage, presenting a rare and valuableopportunity for future development, expansion, or preservation of premier beachfront property.

Oceanfront land in this location is exceptionallylimited, making this component a significant investment asset. With nearly a century of history, strong brand recognition, and the added value ofsubstantial oceanfront holdings, the First Colony Inn represents a turnkey hospitality investment combined with a prime coastal real estateopportunity in one of North Carolina's most sought-after beach destinations.

Key Features

  • Built in 1932
  • 6.07 acre lot

Property Details

1932

Amenities

View

Monthly Cost Estimate

$63,911/mo

20% down · 6.5% · 30 years

Principal$8,642
Interest$51,783
Insurance$3,485

Estimates only. Actual payments may vary.

Location

6715 S Croatan Highway

Nags Head, NC 27959

Property Details

Flooring

WoodTile

Construction

Cedar Shake Siding Wood Frame

Views

OceanWater

Parking

Off Street

Heating

Heat Pump (Heating)Electric (Heating)

Cooling

Heat Pump

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 6715 S Croatan Highway is listed at $11,950,000 ($1,288/sqft). The estimated monthly payment is $51,783 based on 20% down at 6.5% interest.

Key features include: Built in 1932, 6.07 acre lot.

This property is listed by Robert (Bobby) Harrell and can be reached at 2524737804 or bharrell@harrellandassociates.com.

RH

Robert (Bobby) Harrell

Agent at Harrell & Associates

(252) 473-7804

Listed by Harrell & Associates

MLS# 100561569· Source: listhub· Updated 74 days ago

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6715 S Croatan Highway, Nags Head, NC 27959

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