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2383 Hwy 58 5,000 SF Retail Building Swansboro, NC 28584 $1,299,000 ($259.80/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
Commercial real estate and business opportunity strategically positioned along the Highway 58 corridor serving Swansboro, Cape Carteret, Pelletier, Emerald Isle, and North Carolina's Crystal Coast. This offering includes both the established T&W; Restaurant & Oyster Bar business and the underlying real estate, creating a unique opportunity for restaurant operators, hospitality groups, investors, and commercial buyers. Situated on approximately 1.95 acres, the property features a 5,764-square-foot restaurant facility with seating capacity for up to 249 guests, two full-service bars, a commercial kitchen, and ample parking. The existing infrastructure is already in place for continued restaurant operations, while the property's size, visibility, and location provide flexibility for future growth and expansion. Established in 1971, T&W; Restaurant & Oyster Bar has built decades of recognition throughout Carteret County and the Crystal Coast. The business serves a loyal local customer base while also benefiting from the significant seasonal traffic generated by visitors traveling to and from Emerald Isle and surrounding beach communities. Beyond the existing operation, the property offers long-term commercial value through its prominent Highway 58 location, substantial parking, nearly two acres of land, and multiple opportunities for future development, expansion, event-driven business models, catering operations, hospitality concepts, or other commercial uses subject to local approvals. Whether your goal is to continue operating a successful restaurant, expand an existing hospitality brand, invest in income-producing commercial real estate, or capitalize on a highly visible commercial corridor near the coast, this property presents a rare opportunity to acquire an established business, valuable real estate, and future growth potential in a single acquisition. Financial information available to qualified buyers. Shown by appointment only.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,000 SF
Year Built
1971
Price
$1,299,000
Price Per SF
$259.80
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)
Frontage
335’ on Hwy 58
Amenities
- Restaurant
- Signage
- Storage Space
- 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
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2383 Hwy 58