Restaurant Space in High-Traffic
For Sale
$1,600,000
509 Front Street, Beaufort, NC 28516
Commercial space in a high-traffic location near Crystal Coast beaches.
Property Size3,700 SF
Price / SF$432.43
Days on Market224
Property Features for 509 Front Street
General Information
Standard status
Active
Size
3,700 SF
Property subtype
Commercial
Zoning
HBD
Taxes and HOA fees
Annual Taxes
$5,142
Amenities
Carpet
No
Yes
0.0
Brick
Public,Paved,On Street
Slab
Private Road,City Street,State Road
3700.0
Building Details
Year Built
1945
Listing Agency:
Keller Williams Crystal Coast
(843) 301-0013
Listed By:
Jada Hollingsworth
(864) 202-1003
Source:
Baystreetrealtygroup
Added: Mar 12
Changed: Oct 19
Last Checked: Oct 20 at 5:46PM
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 Keller Williams Crystal Coast
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Investment Insights
Based on property information with market context.
Located on Front Street, this 3,700 square foot commercial space is currently used as a Ribeyes restaurant. The main entrance leads into the dining room, with the kitchen entrance on the left. A ramp on the right side of the seating area leads to the bar and entertaining space. A second entrance is located in the bar area, providing access to a dedicated parking spot in the gravel parking lot. Situated in a high-traffic location, the property is minutes from Crystal Coast beaches and 45 minutes from the OBX ferry and MCAS Cherry Point. This property offers a chance to own commercial space in a desirable location.
Key Highlights
- Prime location on Front Street in Taylor's Creek
- High‑traffic commercial space in a desirable area
- Existing building suitable for restaurant or other commercial use
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
—
—
no second resolved use
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.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
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 - Commercial space in a high-traffic location near Crystal Coast beaches.
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: Prime location on Front Street in Taylor's Creek; High‑traffic commercial space in a desirable area; Existing building suitable for restaurant or other commercial use
