24251 Atlantic Dr - Retail FOR SALE


Rodanthe, NC 27968
$1,900,000 USD
757-575-2172
24251 Atlantic Dr, Rodanthe, NC for Sale
$1,900,000 USD
Retail - FOR SALE
1/46
null | 14.17% Cap Rate

24251 Atlantic Dr
Rodanthe, NC 27968


HIGHLIGHTS

  • Anglers from all around the world love to fish here!

OVERVIEW

The Rodanthe Pier generates over $400,000 per year in gross income, Approx. $160,000 NOI ! It's an icon for Hatteras Island where you'll find the visitors from all around the world are some of the friendliest people you'll ever meet. This pier is a social hub of the tri-villages. Folks just come up to see what is happening and to visit. Entertainment includes music on the deck for 3-4 nights weekly throughout the summer! The game room is an added adventure for this great family fun spot! Repeat customers love the pier and share some wonderful nostalgic stories about their memories of the pier. They are also very grateful for the owners upgrading the pier regularly and for how well maintained it's been kept throughout this past decade. Lots of new friendships are created here. Social and economic classes are nonexistent on the pier. Doctors, Lawyers, judges, plumbers, brick masons, etc. fish side by side and are friends out there. The fishing is outstanding! The scenery is beautiful. The sunrises are spectacular! There's plenty of room to grow the income by adding a grill/restaurant and serving foods like steamed shrimp and grilled fish! You'd then have the ONLY oceanfront restaurant on Hatteras Island! The Pier is more structurally sound than it has been in decades. The owners were able to grow the business continually with their excellent management and staff. Now they are ready to trade up to spending the days catching some fish! This is a rare opportunity for a new owner to step into a growing business of "too much fun making a ton of memories for you and visitors from near and far"! The owners are willing to assist in the transfer of the business. Please ask for the required confidentiality agreement prior to the release of the financials.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$592 USD /SF

CAP RATE

14.17%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

S-1

APN/PARCEL ID

027794000

ASK ABOUT THIS PROPERTY

Misty GillikinRealty One Group OBXMore Info
757-575-2172

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Misty GillikinRealty One Group OBXMore Info
757-575-2172

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