1050 Irvin Garrish Hwy Ocracoke, NC 27960
This exceptional Ocracoke Island business opportunity encompasses a 3,588-square-foot established bar and restaurant, built in 1984 and renovated in 2020, situated on a 21,344-square-foot lot at 1050 Irvin Garrish Hwy, Ocracoke, NC 27960. The property boasts a prime location on the main road, ensuring high visibility and significant seasonal traffic. A large parking area comfortably accommodates numerous guests, a key advantage for this popular live music venue and gathering spot. The business includes all operational contents, providing a turnkey operation for the new owner. The property's versatility is highlighted by its history of successful restaurant operations, making it suitable for various hospitality concepts. Furthermore, a three-bedroom, two-bathroom house on the property offers ample space for employee or band housing. This presents a unique chance to acquire a well-established, high-traffic business with significant growth potential in a desirable island location. The asking price is $975,000. The property features one building and offers room for expansion. This is a rare opportunity to own a successful, long-standing restaurant and bar in a prime location on Ocracoke Island.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.