Bar Space with Planned
6401 Castle Hayne Road, Castle Hayne, NC 28429
For Sale
Contact for pricing
The building’s street-facing section can be separated from the main interior for a smaller complementary operation.
Property Size2,209 SF
Price / SF$1.58
Days on Market236
Property Features for 6401 Castle Hayne Road
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
BlueCoast Realty Corporation
(910) 509-0234
Listed By:
Jackie L Leonard
(570) 401-2257
Source:
Duffusrealty
Added: Mar 19
Changed: Nov 8
Last Checked: Nov 8 at 8:51AM
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 BlueCoast Realty Corporation
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,209-square-foot property was built in 1950 and previously operated as a bar and lounge. Its front area can be partitioned from the rest of the building, allowing for a separate use alongside the main space. B-2 zoning applies.
The owner intends to add an approximately 1,000-square-foot covered outdoor seating area. The proposed patio would extend the property’s available gathering space beyond the existing interior.
The owner intends to add an approximately 1,000-square-foot covered outdoor seating area. The proposed patio would extend the property’s available gathering space beyond the existing interior.
Key Highlights
- 2,209‑square‑foot building constructed in 1950
- Previously operated as a bar and lounge
- Front section can be separated from the main interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,809
Suggested Prices Based on Cap Rates
Cap Rate 5%
$676,180
$676.2K
Cap Rate 7%
$482,986
$483.0K
Cap Rate 9%
$375,656
$375.7K
Market Conditions
NOI Build-Up for 2,209 SF
Gross rent
$45.9K $20.76/SF
− Vacancy
−$780 −$0.35/SF
EGI
$45.1K $20.41/SF
− OpEx
−$11.3K −$5.10/SF
NOI
$33.8K $15.31/SF
Area
New Hanover County, NC
Vacancy
1.70%
Lease Rate
$20.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$676,180
Cap Rate 7%
$482,986
Cap Rate 9%
$375,656
Alternative Uses
Best Use
Specialty Retail
$483.0K
$422.6K – $563.5K
NOI $33,809 @ 7.0% cap · market cap 965.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$717.0K
$627.3K – $836.5K
NOI $50,187 @ 7.0% cap · market cap 1,433.91%
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
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
14k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Shops & Services 35%
Home Improvements & Furnishings 29%
Dollar General
Shops & Services
4,868 visits/mo
0.4 miles
Hudson's Hardware
Home Improvements & Furnishings
3,953 visits/mo
0.1 miles
SUBWAY
Dining
2,201 visits/mo
0.3 miles
Hwy 55 Burgers, Shakes & Fries
Dining
1,985 visits/mo
0.3 miles
Domino's Pizza
Dining
854 visits/mo
0.3 miles
Demographics for 28429, NC
8,802
Population
3,906
Households
2.3
Avg Household Size
43
Median Age
25%
College-Educated
89%
High-School Grad
39.7 sq mi
ZIP Area
222
Density / Sq Mi
$73,259
Median Household Income
$37,337
Median Earnings
$870
Median Rent
$231,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Circle K — 5717 Castle Hayne Rd, Castle Hayne, NC 28429
- Luck's Tavern — 6401-A, 6401 Castle Hayne Rd, Castle Hayne, NC 28429
Frequently Asked Questions
What type of property is this?
Bar & Pub - The building’s street-facing section can be separated from the main interior for a smaller complementary operation.
Where is this bar & pub located?
The property is located at 6401 Castle Hayne Road Castle Hayne, NC.
What are key features of this property?
This property features: 2,209‑square‑foot building constructed in 1950; Previously operated as a bar and lounge; Front section can be separated from the main interior
