Investment opportunity in Salvo. Strong commercial lease in place for 3.5 more years with a property management firm on the ground floor. Above on the second floor are 3 two bedroom apartments. Two are currently month to month-to-month leases, and the third will be on month to month in August 2024. 3 HVAC units were replaced(9/2020, 3/2022, and 12/2022). In 2021 a new septic field for 6 bedrooms was installed. Great central location, solid building, and good financials that can only get better make this a smart investment on the OBX.
Salvo is located in North Carolina. Salvo, North Carolina has a population of 269. Salvo is less family-centric than the surrounding county with 17.5% of the households containing married families with children. The county average for households married with children is 26.35%.
The median household income for the surrounding county is $55,640 compared to the national median of $57,652. The median age of people living in Salvo is 37.6 years.
The average high temperature in July is 84.6 degrees, with an average low temperature in January of 38.7 degrees. The average rainfall is approximately 51.9 inches per year, with 1.7 inches of snow per year.
