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Inner Banks Turnkey Restaurant 226 Pamlico St 10,000 SF Retail Building Belhaven, NC 27810 $2,750,000 ($275/SF)
INVESTMENT HIGHLIGHTS
- Option to purchase directly from owner for operational cash flow. Amazing potential to grow existing business. Contact broker for PNL details.
- The commercial kitchen has supported a successful restaurant for the past decade.
- The historic Town of Belhaven is located in Beaufort County, North Carolina and draws thousands of tourists annually.
- The interior offers a cozy ambiance with a classic nautical and wildlife décor, 3 stone fireplaces, walnut, hickory, teak and cypress wood walls.
- The business includes four dining/seating areas, 3 walk-in refrigerators, 1 walk-in freezer, 2 indoor kitchens, and 1 screened-in outdoor cooking area
- This turnkey building was thoughtfully designed over a 9 year period with custom finishes appropriate to the setting.
EXECUTIVE SUMMARY
Fully Remodeled Restaurants in idyllic North Carolina ”Inner Banks” Coastal location: All-In-One package for $2.75M
Continue the legacy as an owner/operator of an established restaurant in the picturesque coastal town of Belhaven, North Carolina on the North shore of the Pungo River. Well-situated on the Intracoastal Waterway, this listing is more than just a commercial real estate asset but a unique opportunity to acquire an established retail/restaurant. This business is offered for the first time in over a decade as the current owner/proprietor is ready to retire and offering the portfolio for sale. The price listed includes the real estate (10,000 +/- Sq Ft), the business and most of its contents, apart from a few personal pieces.
The Tavern dining area includes 4 large TVs, a 60 foot teak full bar, including craft beer choices with 15 bar seats and 22 table seats. The main floor is expansive with over has 60 table seats and two side rooms offer a total of 50+ table seats and a charming stone fireplace.
Connected with the Tavern, the Oyster Bar offers 14 bar seats, the Bourbon Bar has 6 bar seats and as well as a handful of sofa/chair seats. The Steak House is adjacent with a separate entrance. It has 50+ table seats and also includes a stone wall waterfall, stone fireplace and a baby grand piano.
The Covered Outdoor Area, with a wood burning stone fireplace offers 38+ table and bar seats plus a grass area with 36 table seats. Both areas are serviced with its own full bar and the Tavern kitchen.
The Oyster Bar, Bourbon Bar and Steak House are all supported by their own turnkey commercial kitchen.
While all areas are under one roof, the separate businesses allow for each area to be open independent of the others. Additionally, the property includes three bathrooms and two public front entrances and one in the back. Additionally, staff can utilize two separate entrances. This layout enables the flexibility of renting out different areas for private events while continuing to be open to the public.
The property is located in the Historical Downtown area and is within a short walking distance from the Town public docks, ample parking and the popular tourist attraction, the Belhaven Marina, a 3 block walk or golf cart ride from the Grand Manor Marina (under new ownership) and TJ's Marina and boat yard. Belhaven offers many Air B&B and VRBO options as well as available rooms and the newly renovated and relaunched River Forest Manor.
The business is currently open Wednesdays through Sundays. Summer is historically the busiest with families returning to summer at their river homes or vacation in the area. The attractive location on the Intracoastal Waterway in Eastern NC draws two seasons of transient boaters on their way to and from their Fall and Spring Ports of Call, as well hunting and fishing enthusiasts seeking the North Carolina seasons of bear, deer and waterfowl. The Tundra Swans coming into the area for their winter migration brings in many bird watchers as well.
The Town of Belhaven offers several fishing tournaments a year, BBQ cook off contests, a historical 4th of July celebration that is the state’s longest consecutive running Independence Day celebration in the state and is also recognized as the Birthplace of the ICW.
Investment Highlights
Custom built by Architect/Owner
Business has been operational since 2013
Interior offers turnkey wood and stone craftmanship
Prominent Charles Street Location Within Federal Hill
Short Walk to Camden Yards, Ravens Stadium & Horseshoe Casino
Recent Capital Upgrades & Roof Replacement
Fully Sprinklered With 648 Person Seating Capacity
Affluent Neighborhood Income Demographics
Continue the legacy as an owner/operator of an established restaurant in the picturesque coastal town of Belhaven, North Carolina on the North shore of the Pungo River. Well-situated on the Intracoastal Waterway, this listing is more than just a commercial real estate asset but a unique opportunity to acquire an established retail/restaurant. This business is offered for the first time in over a decade as the current owner/proprietor is ready to retire and offering the portfolio for sale. The price listed includes the real estate (10,000 +/- Sq Ft), the business and most of its contents, apart from a few personal pieces.
The Tavern dining area includes 4 large TVs, a 60 foot teak full bar, including craft beer choices with 15 bar seats and 22 table seats. The main floor is expansive with over has 60 table seats and two side rooms offer a total of 50+ table seats and a charming stone fireplace.
Connected with the Tavern, the Oyster Bar offers 14 bar seats, the Bourbon Bar has 6 bar seats and as well as a handful of sofa/chair seats. The Steak House is adjacent with a separate entrance. It has 50+ table seats and also includes a stone wall waterfall, stone fireplace and a baby grand piano.
The Covered Outdoor Area, with a wood burning stone fireplace offers 38+ table and bar seats plus a grass area with 36 table seats. Both areas are serviced with its own full bar and the Tavern kitchen.
The Oyster Bar, Bourbon Bar and Steak House are all supported by their own turnkey commercial kitchen.
While all areas are under one roof, the separate businesses allow for each area to be open independent of the others. Additionally, the property includes three bathrooms and two public front entrances and one in the back. Additionally, staff can utilize two separate entrances. This layout enables the flexibility of renting out different areas for private events while continuing to be open to the public.
The property is located in the Historical Downtown area and is within a short walking distance from the Town public docks, ample parking and the popular tourist attraction, the Belhaven Marina, a 3 block walk or golf cart ride from the Grand Manor Marina (under new ownership) and TJ's Marina and boat yard. Belhaven offers many Air B&B and VRBO options as well as available rooms and the newly renovated and relaunched River Forest Manor.
The business is currently open Wednesdays through Sundays. Summer is historically the busiest with families returning to summer at their river homes or vacation in the area. The attractive location on the Intracoastal Waterway in Eastern NC draws two seasons of transient boaters on their way to and from their Fall and Spring Ports of Call, as well hunting and fishing enthusiasts seeking the North Carolina seasons of bear, deer and waterfowl. The Tundra Swans coming into the area for their winter migration brings in many bird watchers as well.
The Town of Belhaven offers several fishing tournaments a year, BBQ cook off contests, a historical 4th of July celebration that is the state’s longest consecutive running Independence Day celebration in the state and is also recognized as the Birthplace of the ICW.
Investment Highlights
Custom built by Architect/Owner
Business has been operational since 2013
Interior offers turnkey wood and stone craftmanship
Prominent Charles Street Location Within Federal Hill
Short Walk to Camden Yards, Ravens Stadium & Horseshoe Casino
Recent Capital Upgrades & Roof Replacement
Fully Sprinklered With 648 Person Seating Capacity
Affluent Neighborhood Income Demographics
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,000 SF
Building Class
C
Year Built/Renovated
1940/2011
Price
$2,750,000
Price Per SF
$275
Tenancy
Single
Building Height
1 Story
Building FAR
0.88
Lot Size
0.26 AC
Zoning
General Business - See attached document for Zoning Code
Frontage
112’ on 238 & 226 Pamlico St
AMENITIES
- 24 Hour Access
- Fireplace
- Raised Floor
- Restaurant
- Security System
- Signage
- Accent Lighting
- Recessed Lighting
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $567,545 | |
| Land Assessment | $93,750 | Total Assessment | $661,295 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$93,750
Improvements Assessment
$567,545
Total Assessment
$661,295
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Inner Banks Turnkey Restaurant | 226 Pamlico St
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