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2000 New River Inlet Rd
N Topsail Beach, NC 28460

$1,395,000 USD

Restaurant Condo For Sale  •  11,500 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 11,500 SF
  • Lot Size 8.7 AC
  • Building Class A
  • Year Built 1986
  • Cap Rate 12.87 %
  • Tenancy Multiple
  • Zoning Mixed Use
0 Transit Score
7 Walk Score

1 Unit Available

Name Condo Use Size Price Details
2nd Floor - Unit 2701 Retail 11,500 SF $1,395,000 USD
  • Unit Size: 11,500 SF
  • Condo Use: Retail
  • Price: $1,395,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $121.30 USD
Description
HUGE Deeded Oceanfront Commercial Space.  

Priced way below comps at $130 per square foot.

Can be used for any purpose! 
Current Owner uses as Event Center/Restaurant.  Could be used for any concept. 
Windows and Frames have been approved to be replaced by HOA at no cost to Owner.

Sale Notes
Space currently used as an Event Center/Restaurant.  Could be used for multiple businesses,

Description 

HUGE Deeded Oceanfront Commercial Space.  

Priced way below comps at $130 per square foot.

Can be used for any purpose! 
Current Owner uses as Event Center/Restaurant.  Could be used for any concept.
Windows and Frames have been approved to be replaced by HOA at no cost to Owner.

Highlights

Event Center /Restaurant…Can be used for any concept

Financial Summary

Cap Rate: 12.87 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Ocean's Edge Events 11,500 SF 11/30/2028

Public Transportation

AirportDriveWalkDistance
Albert J Ellis 61 min - 37.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 100
Type: Surface
Included in Rent: Yes
Greg Garner 910-232-4810 Greg Garner
Greg Garner 910-232-4810 Greg Garner