100 E Fort Macon Rd - Restaurant FOR SALE


Atlantic Beach, NC 28512
$10,000,000 USD
100 E Fort Macon Rd, Atlantic Beach, NC for Sale
$10,000,000 USD
Restaurant - FOR SALE
1/93
null | Request Cap Rate

100 E Fort Macon Rd
Atlantic Beach, NC 28512


HIGHLIGHTS

  • Established restaurant business offered together with the real estate
  • Three apartment units provide supplemental residential income
  • Additional residential rental reportedly generates approximately $2,000 monthly
  • Approved townhouse development site included with the offering
  • Billboard lease generates approximately $1,300 per month in revenue
  • Sewer service available, a relatively uncommon feature in Atlantic Beach

OVERVIEW

This offering presents a unique opportunity to acquire an established coastal restaurant business together with multiple income-producing components and future development potential. The property features a popular restaurant operation known for its coastal atmosphere, recently enhanced with the addition of a bar and supported by a well-received menu that has helped build a loyal customer base. Ownership has invested significantly in the asset, completing two rounds of renovations within the past two years. In addition to the restaurant business, the property includes three apartment units that provide supplemental income, with long-term rental rates reportedly ranging from approximately $1,200 to $1,500 per month. An additional residential unit generates approximately $2,000 per month in rent. The property also benefits from billboard lease revenue of approximately $1,300 per month and seasonal parking income, with parking fees reaching $20 per day during peak periods. A notable component of the offering is the adjacent vacant parcel, which has approvals in place for townhouse development, creating an opportunity for future expansion or redevelopment. Utility infrastructure is further enhanced by a sewer connection, a feature that is uncommon in portions of Atlantic Beach and may support future development flexibility. Positioned near established destinations including The Grove, The Circle in Atlantic Beach, and Four Corners, the property benefits from its connection to a well-known coastal market.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$1,029 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C

APN/PARCEL ID

6375.16.93.7568000

ASK ABOUT THIS PROPERTY

Gina BunnRealty World First Coast RealtyMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Gina BunnRealty World First Coast RealtyMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.