X FLOOD ZONE WATERFRONT DEVELOPMENT OPPORTUNITY! Approximately 4.64 acres of waterfront commercial real estate located on the primary highway in Manteo. 321 feet of road frontage offers great visibility on the high traffic corridor of Roanoke Island. The parcel has been cleared except for the original parking lot, that is in an X flood zone, which overlooks Shallowbag Bay and the salt marshes.. Proformas have been prepared for a 40 and 60 room inn, as well as a mixed use project with commercial on the first floor and residential on the second and third floors. The parcel includes approximatley 74,791 sqft of buildable uplands(subject to verification), 1000′ of canal frontage leading out to Shallowbag Bay, and 127′ of sound frontage! The opportunities are endless! Other needs for the area are townhomes, multifamily, or single family homes, all of which could have access to the sound through the existing canal that adjoins the property.