Restaurant Building with Bar
509 Front Street, Beaufort, NC 28516
For Sale
$1,600,000
Commercial Sale, Beaufort, NC
Property Size3,700 SF
Price / SF$432.43
Days on Market664
Property Features for 509 Front Street
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Directions
Standard status
APN
Size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
HOA Fee
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
Beaufort Realty
(252) 728-5462
Listed By:
McCall-Vick Real Estate Team · License NC #163090
(252) 241-1917
Added: Jan 16, 2025
Changed: Oct 20
Last Checked: Nov 10 at 5:06PM
MLS# 100483925
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,700-square-foot brick restaurant building dates to 1945 and is currently operated as a Ribeyes restaurant. The interior includes a dining room, kitchen access, a ramp leading to the bar and entertainment area, and a second entrance from the bar area. The property is offered as real estate only; restaurant equipment belongs to the tenant and will not convey.
Located on Front Street along Taylor's Creek in Beaufort, the property carries HBD zoning. Parking includes on-street spaces, along with one dedicated owner space in a gravel parking lot. The building has a flat roof, central air, electric heat, and heat-pump heating.
Located on Front Street along Taylor's Creek in Beaufort, the property carries HBD zoning. Parking includes on-street spaces, along with one dedicated owner space in a gravel parking lot. The building has a flat roof, central air, electric heat, and heat-pump heating.
Key Highlights
- 3,700 square feet of restaurant space
- HBD zoning
- Brick building constructed in 1945
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,405
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$968,100
$968.1K
Cap Rate 7%
$691,500
$691.5K
Cap Rate 9%
$537,833
$537.8K
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$70.2K $18.96/SF
− Vacancy
−$5.6K −$1.52/SF
EGI
$64.5K $17.44/SF
− OpEx
−$16.1K −$4.36/SF
NOI
$48.4K $13.08/SF
Area
Carteret County, NC
Vacancy
8.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$968,100
Cap Rate 7%
$691,500
Cap Rate 9%
$537,833
Alternative Uses
Best Use
Specialty Retail
$691.5K
$605.1K – $806.8K
NOI $48,405 @ 7.0% cap · market cap 3.03%
Second Best
Retail
$612.7K
$536.1K – $714.8K
NOI $42,890 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$1.11M
$971.3K – $1.30M
NOI $77,700 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28516, NC
11,204
Population
7,183
Households
1.6
Avg Household Size
52
Median Age
27%
College-Educated
89%
High-School Grad
125.7 sq mi
ZIP Area
89
Density / Sq Mi
$63,257
Median Household Income
$36,227
Median Earnings
$869
Median Rent
$292,300
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Brick commercial building with dining, kitchen, and bar areas in a waterfront commercial setting.
Where is this conventional restaurant located?
The property is located at 509 Front Street Beaufort, NC.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 3,700 square feet of restaurant space; HBD zoning; Brick building constructed in 1945
