Catylist ID: #30559515
TURN KEY OBX RESTAURANT
Retail-Commercial for Sale
|Catylist Listing ID:||30559515|
|Building Size (RSF):||10,374 SF|
|Gross Land Area:||66,500 SF|
|Unit Price:||$240.51 PSF|
|Property Use Type:||Investment, Vacant/Owner-User, Business|
|Usable Size (USF):||10,374 SF|
|Sale Terms:||Cash to Seller|
Overview / Comments
TURN KEY OBX RESTAURANT FOR SALE in the heart of the Outer Banks situated on a more than 1 acre, corner lot at a STOPLIGHT!
The restaurant contains 8,294 square feet, of which 6,582 square feet is dining, lounge and banquet rooms while 1,712 square feet is available for the kitchen and food prep. The seating capacity is 262 of which 17 are bar seats and 245 are dining seats. With 3 dining rooms the restaurant is capable of accommodating small intimate groups or larger meetings or celebrations. The facility underwent a major renovation and remodel in 2015 including updates in electrical, lighting, sound system, security system and flooring. At the same time, extensive kitchen remodeling, including equipment upgrades, occurred. While the restaurant has been successful for years, there is a huge upside potential to expand by adding evening entertainment and increasing marketing toward large parties and events, such as wedding receptions, business meetings, etc.
The restaurant features extensive parking with the option for overflow parking on an adjacent property.
The roof and HVAC units were recently replaced and the restaurant will be connected to central sewer prior to closing.
A major asset to the restaurants operations are the two - 3 bedroom, 2 bath single family residences that can accommodate seasonal help and staff located across the street from the restaurant. They are each situated on an 11,250 square foot parcel.
|Nearest MSA:||Kill Devil Hills|
|Retail Clientele:||General, Family, Business, Traveler, Tourist, Recreation, Convention|
|Property Located Between:||Kitty Hawk & Nags Head|
|Largest Nearby Street:||Croatan Hwy|
|Feet of Frontage:||475|
|Highway Access:||corner lot at stoplight|
|Site Description:||High Visibility - Corner Lot - Ample Parking! High traffic count, excellent location for both the extended tourist season and local clientele.|
|Area Description:||Central Outer Banks beach location!|
|Total Number of Buildings:||3|
|Number of Stories:||1|
|Parking Description:||Paved, private parking.|
|Heat Source:||Central, Heat Pump|
|Air Conditioning:||Engineered System|
|In Flood Plain?:||Yes|
|Sewer Type:||Municipal, Septic|
|Land Ownership:||fee simple|
|Proximity:||1 mile||3 miles||5 miles|
Bobby HarrellRobert F. Harrell & Associates, Inc NCCMLS Member
|© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Cape Fear REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|