238 Pamlico StBelhaven, NC 27810

Property Details for 238 Pamlico St

Year built

1940

Lot size

0.14 AC

Property size (Sq ft)

5,920 SF

Property type

Turn key restaurants

APN

7605-79-6040

APU

7605796040

Description

This exceptional 10,000 sq ft, single-story restaurant and bar in historic downtown Belhaven, NC, is for sale. Built in 1940 and extensively renovated (2011-2020), this custom-designed property boasts multiple dining areas, including a tavern with a 60ft teak bar, an oyster bar, a bourbon bar, and a steakhouse, each with its own kitchen and seating. The property includes three walk-in refrigerators, one walk-in freezer, three fireplaces, and extensive use of high-quality wood and stone. Outdoor seating is available under a covered area with a fireplace and in a grassy area. The property features three bathrooms, multiple entrances, and a 0.26-acre lot. Its prime location is within walking distance of the town docks and marinas, benefiting from seasonal tourism and local events. The business, operational since 2013, is currently open Wednesday-Sunday and includes all contents (excluding a few personal items). The sale includes the real estate, business, and contents. The permitted zoning is General Business. This turnkey opportunity presents a unique chance to own a well-established and profitable waterfront establishment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,614,590

  6.5%

  $1,490,391

  7%

  $1,383,934

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,674,306

  Geo Method

  $3,424,370

• Alternative Use

  Use

  Valuation

  Residential

  $1,257,201

  Hospitality

  $1,151,589

  Educational

  $958,108

  Medical

  $991,059

  Retail

  $1,490,391

Location Insight

City

Belhaven

County

Beaufort

State

North Carolina

Latitude

35.5374

Longitude

-76.6211

CBSA code

47820

CBSA name

WASHINGTON, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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