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    6684 Caratoke Hwy Grandy, NC 27939

    Sponsored
    For Sale
    $699,000

    Turnkey Diner with Extra Building

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional turnkey business opportunity in Grandy, NC, presents a fully renovated Mel's Diner, ideally situated on Caratoke Highway. The diner boasts a retro atmosphere complete with a jukebox and ample seating, including tables, booths, and counter service, catering to diverse customer preferences. The well-equipped kitchen features a streamlined prep line, updated equipment, and ample walk-in refrigeration. Outside, a dedicated storage shed and walk-in freezer provide convenient storage, especially beneficial for deliveries outside operating hours. The property includes 21 parking spaces, including one handicapped-accessible space. A significant advantage is the inclusion of an adjacent building, offering versatile potential. This secondary structure, with 11 parking spaces (including one handicapped-accessible space), features a bathroom, laundry room, and a large open area, suitable for various uses such as a bakery, prep kitchen, or rental office space. The substantial backyard provides additional parking, ideal for RVs or trucks, making this location particularly attractive to travelers to and from the Outer Banks. The combined properties offer a unique and lucrative investment opportunity. The asking price is $699,000.

    Property Features for 6684 Caratoke Hwy

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1995
    Property Profile Location Intelligence

    Current Use by Public Records

    Mel's Diner Cafe

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grandy
    County
    Currituck
    State
    North Carolina
    Longitude
    -75.87301
    Latitude
    36.2277

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    Nearby Similar for Sale

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    • $579,000
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      Grandy Highway Commercial Lot

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    FAQs

    What type of property is this?
    Commercial real estate - Turnkey Diner with Extra Building
    Where is this commercial real estate located?
    The property is located at 6684 Caratoke Hwy Grandy, NC.
    What is the asking price?
    The asking price for this property is $699,000.
    (252) 441-8011
    Request Owner's contact information
    6684 Caratoke Hwy Grandy, NC 27939
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    Grandy, NC 27939
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6684 Caratoke Hwy Grandy, NC 27939
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