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Mixed-Use Property with Restaurant

501 Old Stoney Road, Corolla, NC 27927

For Sale
$729,900

Two adjoining units accommodate a restaurant and a rental office under commercial zoning.

Property SizeContact for details
Days on Market72

Property Features for 501 Old Stoney Road

General Information

Standard status Active
Property subtype Commercial
Zoning Com

Additional Details

Tenant in Place Yes

Building Details

Year Built 2000
Tenancy Multi
Listing Agency: Outer Banks Realty Group
Listed By: Wanda Wise
Source: Saltwatersalesobx
Added: Aug 29 Changed: Nov 8 Last Checked: Nov 8 at 1:40AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Outer Banks Realty Group

Rey
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Investment Insights

Based on property information with market context.

The property comprises Units A and B, which were previously operated as a single unit. The current configuration places a restaurant in Unit A and a rental office in Unit B. Built in 2000, the property is zoned Com.

At 501 Old Stoney Road in Corolla, the property is positioned at the south entrance to the Currituck Club.

Key Highlights

  • Two units currently configured for a restaurant and rental office
  • Built in 2000
  • Commercial zoning

Property Analytics

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Current Use

Bluewater Seafood Market Specialty Food Shop Resort Realty - Corolla ... Vacation Rental Bacchus Wine and Gourmet Specialty Food Shop MANCUSO DEVELOPMENT, INC Construction Company

Suggested Use

Top Pick Cafe & Coffee Shop Fish Market Food Market Accounting Firm Law Firm Bed & Breakfast

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

52
Businesses Nearby

Demographics for 27927, NC

1,457
Population
4,746
Households
0.3
Avg Household Size
60
Median Age
61%
College-Educated
96%
High-School Grad
26.6 sq mi
ZIP Area
55
Density / Sq Mi
$104,808
Median Household Income
$43,576
Median Earnings
$1,368
Median Rent
$609,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two adjoining units accommodate a restaurant and a rental office under commercial zoning.
Where is this mixed-use property located?
The property is located at 501 Old Stoney Road Corolla, NC.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: Two units currently configured for a restaurant and rental office; Built in 2000; Commercial zoning
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Includes: Price & PSF · Cap rate · Location · Zoning

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