Duck Village Outfitters 26689 NC Hwy 12 4,631 SF 100% Leased Retail Building Waves, NC 27982 $810,000 ($174.91/SF) 12.35% Cap Rate

Exceptional investment opportunity in the heart of Salvo, NC on Hatteras Island on the Outer Banks of NC. The Ultimate Hatteras Island Live-Work-Invest Opportunity! This highly visible on Highway 12 with 80 ft frontage, makes this a prime location. Mixed-Use Commercial Property with Residential Income & Development Potential. Rare commercial real estate opportunity in the heart of Salvo on Hatteras Island. This high-visibility Highway 12 property offers a versatile mixed-use layout featuring commercial showroom space, operational/storage areas, and a residential apartment consisting of one studio and two one-bedroom units. Ideal for owner occupancy, employee housing, vacation rentals, or additional income, the residential component adds flexibility rarely found in Outer Banks commercial properties. Private decks, ocean and sound views, and a prime location in one of the area's busiest tourism corridors further enhance the property's appeal. The property's value extends beyond its current use. A grease trap has already been installed, and prior approvals were obtained for an ice cream shop and smoothie bar concept, creating additional opportunities for food service, café, coffee shop, restaurant, retail, or other commercial ventures. This added infrastructure significantly expands the property's potential and mixed-use value. Positioned within a thriving Outer Banks vacation market, this property offers exceptional potential for retail, recreation, service-based businesses, mixed-use operations, or investment purposes. The opportunity grows even larger with the adjacent cleared parcel (MLS #133237), also owned by the sellers and must be included via separate contract in the sale of commercial building. Zoned S-1 Special District, the neighboring lot offers additional flexibility for commercial expansion, mixed-use development, workforce housing, lodging, or future investment opportunities. For buyers interested in continuing the property's current use, equipment, rental inventory, golf carts, fixtures, and merchandise may be available through separate purchase between buyer and seller. Whether you're seeking an Outer Banks commercial investment, mixed-use property, live-work opportunity, or future development site, properties offering this combination of location, flexibility, residential income, and expansion potential are increasingly rare on Hatteras Island.
*The owners would ideally like to transfer both properties to a single buyer, creating a rare chance to acquire not just a business, but an entire coastal campus with immediate cash flow and long-term upside. No Owner Finance offered at this time. Should the business sell first without the lot (MLS#133238), the lot (MLS#133237) will be offered for purchase independent of business. The businesses merchandise can be negotiated between buyer and seller outside of Real Property Contract, if buyer chooses to continue with same business model/plan.