Property Images: 
MLS# 107260: Turnkey Restaurant - OBX
Asking Price: 
505,000
Subdivision: 
Unit/Lot #: 
887 Albacore Street Corolla, NC 27927
Waterfront: 
None
Area: 
Corolla

Information

ONLINE BIDDING ENDS DECEMBER 11 at 11:00 am ET. List price based on appraisal. Early offers accepted. Calling all Restauranteurs!

For experienced or new operator, this turnkey location benefits from steady pedestrian traffic in the Monterey Plaza Food Lion Shopping Center, built by Bob DeGabriel.

The last tenant spent $150K on build-out, and all FF&E including 2 walk-in coolers and fully equipped kitchen convey by separate bill of sale. Expand your current restaurant holdings, or start something new and fulfill your dream of living/investing/working at the beach! Join Subway, Dairy Queen, Dunkin, movie theater and more.

Corolla attracts large family crowds in-season, and a 98 seat restaurant is a rare commodity. This shopping center has higher customer traffic and is a better performer than Timbuck II across the road.

Ample parking. Lock up this space now before The MId-Currituck Bridge is built, which will allow quick and easy access between Rt. 158 on the mainland, and the beach road 12 in Corolla. (see www.ncdot/projects/mid-currituck- bridge) The completion of the bridge will shorten the trip from the mainland to a mere 8 miles, and will increase growth and tourism year round.

This location has a captive customer base with no worries about maintaining parking lot or grounds. Cooled by 3 HVAC units; 50-year rubber membrane roof installed in 2005. IMPORTANT NOTE: Be sure to download the Property Information Package and Shopping Center Documents.

They contain vital due diligence, inventory list, past financials, appraisal and more.

Area
Corolla Oceanside
Lot Description
Level
Lot SqFt
2614
Roof
Rubber
Possession
At Closing
Foundation
Slab
Roads
Paved
Public
Heating
Heat Pump
Air Conditioning
Heat Pump
Taxes
$1997.04
Construction
Masonry
Parking
1-25 Spaces
Parking Lot
Paved
Year Built
2001
Days On Market
17
Listing Agent
Linda Terry
Listing Office
Tranzon Fox Auctions

Request More Information

Mark Pearson
Senior Associate Broker
Cell 252-573-9198

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