756 Ocean RdHolly Ridge, NC 28445

  • Other commercial real estate
  • 8,538 SF
For Sale
$2,500,000 View listing

Property Details for 756 Ocean Rd

Year built
1990
Lot size
1.73 AC
Property size (Sq ft)
8,538 SF
Zone code
NB
Property type
Other commercial real estate
APN
18304
APU
18304

Description

This thriving restaurant, located at 756 Ocean Rd, Holly Ridge, NC 28445, presents a unique investment opportunity. Boasting 6,200 heated square feet and situated on a 1.73-acre lot, this Class B property offers significant potential. Built in 1999, the single-story building sits on a prime location along NC Highway 50, between Holly Ridge and Surf City, directly across from the new Ocean's RV Resort. The property includes an additional 8,100 square feet under roof, plus a large outdoor area ideal for events. The restaurant generated $1.4 million in sales during 2023 and is currently operational. The permitted zoning is CB. The property's APN is 423719505289. This presents a rare chance to acquire a successful, established business and property in a rapidly growing coastal market. The owners are retiring and seeking a buyer to continue the legacy of this popular establishment. This turnkey operation offers immediate income potential and significant upside in a high-demand location. The property's size and location make it an attractive investment for both experienced restaurateurs and new entrepreneurs looking to establish a presence in the thriving Topsail area. This is a truly exceptional opportunity to own a piece of the North Carolina coast.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,368,850
    Hospitality
    $2,169,854
    Educational
    $1,805,293
    Medical
    $1,867,380
    Retail
    $2,808,234
756 Ocean Rd, Holly Ridge, North Carolina

Location Insight

City
Holly Ridge
County
Onslow
State
North Carolina
Latitude
34.4839
Longitude
-77.5546
CBSA code
27340
CBSA name
JACKSONVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,162
$86,500
$130,800
$217,300
-
$86,500
$130,800
$217,300

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