Classic Bar and Property

Hospitality for Sale
Sale Pending
Catylist Listing ID: 30263420
Status: Pending
Number of Units: 1 Units
Building Size (RSF): 1,488 SF
Gross Building Area: See Agent
Gross Land Area: 0.17 Acres
Sale Price: $325,000
Unit Price: $325,000 Per Unit
Property Use Type: Net Leased Investment (NNN)
Building Name: The Brass Pelican
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/11/2018

Overview / Comments

This Classic Bar has been a mainstay for many years in Surf City. "The Brass" as it is known, is known in the area as the place to be and less than a block from the ocean. There is a three year lease on the property by the long time operator of the bar. The income from the lease is $27,900 per year. If you want an income property for three years and then to move to the beach, this is for you!

Additional Details

Nearest MSA: Jacksonville
County: Onslow
Taxing Authority: Town of Surf City
Tax ID/APN: 804-45
Zoning: C-1
Retail Clientele: General, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: N. New River
Feet of Frontage: 70
Traffic/Vehicle Count: 15,000
Highway Access: Excellent
Area Description: The Bar is in the heart of the bar scene in Surf City and on Topsail Island.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1975
Year Renovated: 1980
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Heat Type: Electricity
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 578 4,235
Median Age: 38.91 44.29
Households: 292 1,980


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