Log In/Sign Up
Your email has been sent.
2383 Hwy 58 5,000 SF Retail Building Swansboro, NC 28584 $1,350,000 ($270/SF)
Investment Highlights
- Rare opportunity to acquire T&W Restaurant & Oyster Bar, an iconic local dining destination established in 1971.
- 5,000 SF building situated on a 1.95-acre commercial lot, offering expansion flexibility and ample parking with 57 spaces.
- Located along Hwy 58, a well-traveled corridor connecting Swansboro to the Crystal Coast, supporting consistent customer traffic.
- Turn-key retail/restaurant operation with a proven revenue history and strong community following.
- Generates approximately a 7.8% cap rate, providing solid cash-flow potential for an owner-operator or investor.
- Includes ownership of real estate and the established brand, delivering long-term stability and branding advantages.
Executive Summary
T&W Restaurant & Oyster Bar, located at 2383 Hwy 58 in Peletier, is more than just a restaurant, it is a cherished piece of local history. Established in 1971 by Earl Taylor and Harold Watson, the name ''T&W'' has been synonymous with good food, great conversation, and community gathering for generations. Well-known local destination offering strong community presence, loyal customer base, and proven revenue history. Turn-key restaurant operation with significant owner-user upside potential. Financials demonstrate strong cash-flow opportunity for an owner-operator with a Cap Rate of about 7.8%. Ideal for restaurateurs, hospitality groups, or investors seeking a recognizable brand with growth potential. Rare chance to own an established seafood and oyster bar concept with real estate included in the sale.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,000 SF
Year Built
1971
Price
$1,350,000
Price Per SF
$270
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.95 AC
Zoning
C - Commercial
Parking
57 Spaces (11.4 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Air Conditioning
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 5377.03.21.2451000 | Improvements Assessment | $458,584 |
| Land Assessment | $220,150 | Total Assessment | $678,734 |
Property Taxes
Parcel Number
5377.03.21.2451000
Land Assessment
$220,150
Improvements Assessment
$458,584
Total Assessment
$678,734
1 of 79
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
2383 Hwy 58
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.