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    25202 Island Pines Dr Waves, NC 27982

    Sponsored
    For Sale
    $750,000

    Prime location, established eatery, high tourist traffic.

    Property size:
    1,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional business opportunity in Waves, NC, presents a 1,800-1,900 square foot, two-story building on a 20,000-20,001 square foot lot. Built in 1995 and zoned S-1, the property boasts a charming, rustic ambiance, currently operating as a well-established restaurant with 52-seat capacity across dual-level screened porches. All kitchen equipment and furniture are included in the sale price of $750,000. The property's strategic location near major campgrounds, residential areas, and hotels ensures consistent high tourist foot traffic. This presents a unique opportunity for a savvy entrepreneur to continue operating the existing restaurant or explore alternative uses for this versatile building. The property is being sold "as is." The building consists of one unit.

    Property Features for 25202 Island Pines Dr

    General Information

    Property type
    Investment properties
    Square Feet
    1,800 SF

    Building Details

    Year Built
    1995
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • Exceptional Waves, NC business opportunity: 1,800‑1,900 SF, two‑story building on a ±20,000 SF lot.
    • Turnkey restaurant operation included: 52‑seat capacity, all kitchen equipment and furniture included.
    • High tourist traffic location near three major campgrounds, residential areas, and hotels.
    • $750,000 asking price; S‑1 zoning; "as is" sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waves
    County
    Dare
    State
    North Carolina
    Longitude
    -75.466817908672
    Latitude
    35.572811693163

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      NC was established in 1983 and has become a beloved community staple known for its friendly service and diverse product range. This is truly a once in a lifetime time opportunity to own a landmark business that's part of the heartbeat of the community. It's central location supports the local community year round and is a destination stop for the thousands of tourist who visit the area annually. The volume of business Island Convenience generates makes it an extremely high volume business. With an average of$169k inside sales

      @$33k Deli Sales and @70K gallons on a monthly basis. \u00c2\u00a0Interested investors are asked to sign an NDA as well as provide proof of funds with request for detailed financials which include a detailed monthly sales report as well as P&L Statements.. With accepted offer the parcel will be surveyed
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    FAQs

    What type of property is this?
    Investment property - Prime location, established eatery, high tourist traffic.
    Where is this investment property located?
    The property is located at 25202 Island Pines Dr Waves, NC.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Exceptional Waves, NC business opportunity: 1,800-1,900 SF, two-story building on a ±20,000 SF lot.; Turnkey restaurant operation included: 52-seat capacity, all kitchen equipment and furniture included.; High tourist traffic location near three major campgrounds, residential areas, and hotels.
    Request Owner's contact information
    25202 Island Pines Dr Waves, NC 27982
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    Waves, NC 27982
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    25202 Island Pines Dr Waves, NC 27982
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