$11,950,000

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.