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 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 1250 sqft restaurant, and a 600 sqft office currently leased month to month for $1000 to a mortgage company , but will be vacated by Sept 1 2026. The sale is for the entire building. If the buyer wishes to keep the restaurant operating, all the equipment and furnishings will convey for free . A building inspection has been done and will be communicated to potential buyers after a first visit.
NOTE: This waterfront property allows a pier to be built (according to code). Then buy a boat and enjoy some of the best fishing in North Carolina. Plymouth is host to many fishing tournaments.
The building, with 3 doors to the street, could be home to many different businesses or occupations. The existing restaurant, BISTRO 116, is only one possibility. It does very well. Created 6 years ago, it has a solid customer base, both locally and further out. Some patrons 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. Currently, the Bistro is only open Thu, Fri, Sat, 5 to 8pm for a total of 9 h/week. 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 which brings 30 to 40,000 visitors the first weekend in June, is currently attracting new investors and developers, several buildings are being renovated, streetscape is about to start, a boardwalk is planned… This is a solid investment opportunity.