2383 Hwy 58 - Restaurant FOR SALE


Swansboro, NC 28584
$1,350,000 USD
919-649-0827
2383 Hwy 58, Swansboro, NC for Sale
$1,350,000 USD
Restaurant - FOR SALE
1/82
null | Request Cap Rate

2383 Hwy 58
Swansboro, NC 28584


OVERVIEW

T&W Restaurant & Oyster Bar, located at 2383 Hwy 58 in Peletier, is more than just a restaurant, it is a cherished piece of local history. Established in 1971 by Earl Taylor and Harold Watson, the name ''T&W'' has been synonymous with good food, great conversation, and community gathering for generations. For decades, loyal patrons and newcomers alike have walked through its doors, making it a true staple of the area and a place where memories have been made year after year. The expansive building offers over 5,000 square feet of thoughtfully designed space, providing the perfect balance of charm and functionality. Inside, guests are welcomed by spacious dining areas featuring wood floors throughout and fireplaces, creating a warm, inviting atmosphere ideal for everything from casual meals to special occasions. The restaurant includes two full-service bars and has the capacity to seat up to 249 guests, currently arranged for approximately 150, allowing flexibility for future expansion or reconfiguration. Beyond the public dining spaces lies a fully stocked commercial kitchen, equipped with everything needed to continue the successful oyster bar operation. Whether preserving the long-standing tradition or reimagining the space for a fresh concept, the infrastructure is already in place to support a thriving restaurant business. With more than 57 parking spaces on almost 2 acres, guests have ample room to park, relax, and stay awhile, an invaluable feature for high-volume dining and special events. This is a rare opportunity to own an established restaurant with deep community roots, generous space, and endless potential for its next chapter.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$270 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1.95 AC

LAND SF

84,811 SF

ZONING

C

APN/PARCEL ID

5377.03.21.2451000

ASK ABOUT THIS PROPERTY

John NewtonBetter Homes and Gardens Real Estate TreasureMore Info
919-649-0827

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John NewtonBetter Homes and Gardens Real Estate TreasureMore Info
919-649-0827

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