Bistro 116 116 E Water St 1,850 SF Retail Building Plymouth, NC 27962 $395,000 ($213.51/SF)

Truly a rare opportunity to own a historic building and small restaurant directly on the beautiful Roanoke River in the heart of Plymouth Historic Downtown. Midway between Interstate 95 and Nags Head all traffic to Outer Banks goes through Plymouth (no bypass). One hour drive to the beach is close enough to enjoy but also far enough to not feel the occasional weather event.
The building covers 1850 sq-ft, on a lot of 4600 sq-ft (to the water). It includes 3 parking spaces, a paved right of way and a grassy river’s edge. The building is currently divided into 2 commercial spaces: a restaurant, and an office currently leased month to month to a mortgage company for $800. The sale is for the entire building, including the restaurant, with all equipment and furnishings. A building inspection has been done and will be communicated to potential buyers after a first visit.
The restaurant, BISTRO 116, does very well. Created 5 years ago, it has a solid customer base often driving 30 or 45 minutes to reach it. Check Bistro116.com, Facebook and the google reviews. However, the owners are in their late 70’s and are ready to let someone else follow their dream. The new owners could expand into the currently leased office, open more nights, longer hours, lunch…. The potential is as high as one’s imagination.
The town, home to the National Black Bear Festival, is currently attracting investors and developers, several buildings are being renovated, streetscape is about to start, a boardwalk is planned…