102 Cape Fear BlvdCarolina Beach, NC 28428

Property Details for 102 Cape Fear Blvd

Year built

2019

Property size (Sq ft)

2,690 SF

Zone code

CBD,CENTRAL BUS DIST

Property type

Retail properties

Property subtype

Turn key restaurants

APN

R09006-020-006-013

APU

R09006020006013

Description

This beautifully renovated, full-service restaurant and bar is located at 102 Cape Fear Blvd, Carolina Beach, NC 28428. Boasting 2,690 square feet, this single-tenant property is ideally situated in the vibrant boardwalk and carnival district, ensuring high foot traffic and convenient access with ample parking. The current tenant is offering a lease transfer and the sale of all furniture, fixtures, and equipment (FF&E), including tables, chairs, bar stools, and kitchen appliances, for a total price of $175,000. The spacious interior comfortably seats approximately 95 guests in the dining room and bar area, with an additional 35 seats available on the outdoor patio. This turnkey operation presents a remarkable opportunity for food and beverage entrepreneurs seeking an established and thriving business in a prime Carolina Beach location. The property's strategic placement within the bustling boardwalk and carnival district guarantees a steady stream of potential customers. All necessary equipment and furnishings are included in the sale, minimizing start-up costs and allowing for a seamless transition into ownership. This is a rare chance to acquire a well-established restaurant with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $958,499

  6.5%

  $884,768

  7%

  $821,570

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,794,494

  Geo Method

  $1,556,006

• Alternative Use

  Use

  Valuation

  Residential

  $746,335

  Hospitality

  $683,639

  Educational

  $568,779

  Medical

  $588,341

  Retail

  $884,768

Location Insight

City

Carolina Beach

County

New Hanover

State

North Carolina

Latitude

34.0334

Longitude

-77.8931

CBSA code

48900

CBSA name

WILMINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].