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

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%

  $791,344

  6.5%

  $730,472

  7%

  $678,295

• Comparable approach

  Method

  Valuation

  Relative Method

  $740,585

  Geo Method

  $642,161

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,474,830

  Mixed-Use / Specialty

  $707,525

  Hospitality / Lodging

  $492,604

  Office

  $682,134

  Institutional / Educational

  $728,271

  Residential Income

  $852,077

  Multifamily

  $1,134,710

  Automotive / Energy

  $624,232

  Parking / Income-Based Land

  $235,513

  Restaurant / Food Service

  $324,575

  Healthcare / Senior Housing

  $746,414

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

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