116 E Water St - Retail FOR SALE


Plymouth, NC 27962
$395,000 USD
252-505-0181
116 E Water St, Plymouth, NC for Sale
$395,000 USD
Retail - FOR SALE
1/16
null | Request Cap Rate

116 E Water St
Plymouth, NC 27962


HIGHLIGHTS

  • Waterfront
  • Centrally located

OVERVIEW

Truly a rare opportunity to own a historic building and small restaurant directly on the beautiful Roanoke River in the heart of Plymouth Historic Downtown. Midway between Interstate 95 and Nags Head all traffic to Outer Banks goes through Plymouth (no bypass). One hour drive to the beach is close enough to enjoy but also far enough to not feel the occasional weather event. The building covers 1850 sq-ft, on a lot of 4600 sq-ft (to the water). It includes 3 parking spaces, a paved right of way and a grassy river’s edge. The building is currently divided into 2 commercial spaces: a restaurant, and an office currently leased month to month to a mortgage company for $800. The sale is for the entire building, including the restaurant, with all equipment and furnishings. A building inspection has been done and will be communicated to potential buyers after a first visit. The restaurant, BISTRO 116, does very well. Created 5 years ago, it has a solid customer base often driving 30 or 45 minutes to reach it. Check Bistro116.com, Facebook and the google reviews. However, the owners are in their late 70’s and are ready to let someone else follow their dream. The new owners could expand into the currently leased office, open more nights, longer hours, lunch…. The potential is as high as one’s imagination. The town, home to the National Black Bear Festival, is currently attracting investors and developers, several buildings are being renovated, streetscape is about to start, a boardwalk is planned…

FOR SALE DETAILS

PRICE

$395,000 USD

PRICE/SF

$214 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Bistro 116

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,291 SF

ZONING

-

APN/PARCEL ID

6767.07-68-4206

ASK ABOUT THIS PROPERTY

Daniel Batigne116 E Water Street, LLCMore Info
252-505-0181

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Daniel Batigne116 E Water Street, LLCMore Info
252-505-0181

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