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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1050 Irvin Garrish Hwy Ocracoke, NC 27960

3,588 SF Built 1984
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1984
Total area 3,588 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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