2383 Hwy 58 - Restaurant FOR SALE


Swansboro, NC 28584
$1,299,000 USD
919-649-0827
2383 Hwy 58, Swansboro, NC for Sale
$1,299,000 USD
Restaurant - FOR SALE
1/76
null | Request Cap Rate

2383 Hwy 58
Swansboro, NC 28584


HIGHLIGHTS

  • Rare opportunity to acquire T&W Restaurant & Oyster Bar, an iconic local dining destination established in 1971.
  • Turn-key retail/restaurant operation with a proven revenue history and strong community following.
  • 5,000 SF building situated on a 1.95-acre commercial lot, offering expansion flexibility and ample parking with 57 spaces.
  • Generates approximately a 7.8% cap rate, providing solid cash-flow potential for an owner-operator or investor.
  • Located along Hwy 58, a well-traveled corridor connecting Swansboro to the Crystal Coast, supporting consistent customer traffic.
  • Includes ownership of real estate and the established brand, delivering long-term stability and branding advantages.

OVERVIEW

Commercial real estate and business opportunity strategically positioned along the Highway 58 corridor serving Swansboro, Cape Carteret, Pelletier, Emerald Isle, and North Carolina's Crystal Coast. This offering includes both the established T&W; Restaurant & Oyster Bar business and the underlying real estate, creating a unique opportunity for restaurant operators, hospitality groups, investors, and commercial buyers. Situated on approximately 1.95 acres, the property features a 5,764-square-foot restaurant facility with seating capacity for up to 249 guests, two full-service bars, a commercial kitchen, and ample parking. The existing infrastructure is already in place for continued restaurant operations, while the property's size, visibility, and location provide flexibility for future growth and expansion. Established in 1971, T&W; Restaurant & Oyster Bar has built decades of recognition throughout Carteret County and the Crystal Coast. The business serves a loyal local customer base while also benefiting from the significant seasonal traffic generated by visitors traveling to and from Emerald Isle and surrounding beach communities. Beyond the existing operation, the property offers long-term commercial value through its prominent Highway 58 location, substantial parking, nearly two acres of land, and multiple opportunities for future development, expansion, event-driven business models, catering operations, hospitality concepts, or other commercial uses subject to local approvals. Whether your goal is to continue operating a successful restaurant, expand an existing hospitality brand, invest in income-producing commercial real estate, or capitalize on a highly visible commercial corridor near the coast, this property presents a rare opportunity to acquire an established business, valuable real estate, and future growth potential in a single acquisition. Financial information available to qualified buyers. Shown by appointment only.

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$260 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.