Listing Agency: Ocean Pearl Realty, LLC g***@oceanpearlrealty.com Show Phone

Listed By: Grace Anlauf · License #309364 Show Phone

Source: Exprealty

Added: Jul 14, 2025 Changed: Aug 31 Last Checked: Aug 31 at 1:29AM

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Investment Insights

Based on property information with market context.

This restaurant property combines customer seating with a commercial kitchen, storage areas, and an attached studio apartment. The food-service improvements include a CaptiveAire hood, walk-in refrigerator and freezer, an 80-quart mixer, oven, fryer, and additional equipment. Indoor and outdoor seating support multiple dining formats, while the upstairs living quarters add a separate residential component.

The property is located at B-5205 S Croatan Hwy in Nags Head, North Carolina. The restaurant and studio apartment are represented together as one combined property component.

Key Highlights

• Restaurant at B‑5205 S Croatan Hwy, Nags Head, NC
• Indoor and outdoor customer seating
• Commercial kitchen with CaptiveAire hood

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Storage Facility Auto Parts Store Veterinary Clinic

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

Yes

Commercial hood

Location Intelligence

Trade Area within ½ mile

455

Businesses Nearby

121k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 29% Shops & Services 29% Apparel 25% Dining 11%

T.J. Maxx Apparel

30,342 visits/mo 0.1 miles

Harris Teeter Groceries

22,143 visits/mo 0.3 miles

Dollar Tree Shops & Services

17,238 visits/mo 0.2 miles

Food Lion Grocery Store Groceries

13,239 visits/mo 0.4 miles

PetSmart Shops & Services

10,885 visits/mo 0.1 miles

Demographics for 27959, NC

3,182

Population

5,214

Households

0.6

Avg Household Size

54

Median Age

51%

College-Educated

96%

High-School Grad

14.7 sq mi

ZIP Area

216

Density / Sq Mi

$87,619

Median Household Income

$46,213

Median Earnings

$1,005

Median Rent

$451,100

Median Home Value

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

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Food-service premises offer indoor and outdoor seating, substantial kitchen space, storage, and dedicated cold storage.

Where is this conventional restaurant located?

The property is located at B-5205 S Croatan Hwy Nags Head, NC.

What are key features of this property?

This property features: Restaurant at B‑5205 S Croatan Hwy, Nags Head, NC; Indoor and outdoor customer seating; Commercial kitchen with CaptiveAire hood