Listing Agency: Associated Realty of Wallace, Inc W***@Embarqmail.com Show Phone

Listed By: Sue Mills · License #NC174266

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 2:34AM

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Investment Insights

Based on property information with market context.

This multi-use restaurant building occupies two lots and includes frontage along HWY 117 with ample on-site parking. The property was formerly operated as Calabash Sea Food Restaurant and remains configured for restaurant use.

The interior can be modified for other documented use concepts, including a church, daycare, or office operation. Located at 322 S Monk St in Magnolia, the property offers a flexible commercial building format with an existing restaurant identity and room for adaptation.

Key Highlights

• Multi‑use restaurant building spanning two lots
• HWY 117 frontage with ample parking
• Formerly operated as Calabash Sea Food Restaurant

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

64

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 28453, NC

3,251

Population

1,379

Households

2.4

Avg Household Size

38

Median Age

25%

College-Educated

72%

High-School Grad

84.6 sq mi

ZIP Area

38

Density / Sq Mi

$50,451

Median Household Income

$39,520

Median Earnings

$676

Median Rent

$108,900

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Multi-use layout with highway frontage and on-site parking.

Where is this conventional restaurant located?

The property is located at 322 S Monk St Magnolia, NC.

What are key features of this property?

This property features: Multi‑use restaurant building spanning two lots; HWY 117 frontage with ample parking; Formerly operated as Calabash Sea Food Restaurant