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    FOR SALE
    Turn key restaurants

    138 Courthouse Rd, Currituck, NC 27929

    1,848 SF 0.49 ac lot Built 1938
    Individually Owned 8-yr Hold Absentee Owner
    Property ID
    US53-1569551
    Property summary
    AI-generated overview

    This exceptional opportunity presents the chance to acquire a well-established and profitable cafГ© located in the heart of historic Currituck, North Carolina. Situated directly across from the Currituck Ferry, this 12+ year-old business, known as "Pass The Salt," enjoys a prime location with high visibility and consistent foot traffic from both locals and tourists traveling to the Outer Banks. The cafГ© boasts a warm and inviting atmosphere, having cultivated a loyal customer base over the years. Its menu features a popular raw bar, showcasing fresh, local seafood, a key element in its success. The property includes attractive outdoor spaces designed to enhance the dining experience, featuring a wraparound porch, a covered patio, and a paved gas firepit area. Recently added amenities include a beer garden complete with 16 taps and a large cooler, further expanding the cafГ©'s appeal and capacity. The sale includes the assets and the 0.49-acre property. The business itself is available for purchase separately at an additional cost. This turnkey operation is poised for continued success under new ownership. This is a rare chance to own a thriving business in a highly desirable location. Don't miss this opportunity to own a piece of Currituck history.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1938
    Total area 1,848 SF
    Lot 0.49 ac (21,344 SF)
    Zoning code GB
    APN 5000001060000
    UPID US53-1569551
    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
    Current use
    Occupant on record · Public records
    • Pass the Salt Cafe Cafe & Coffee Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Daniel A Pennington · 8 yrs held
    Daniel A Pennington
    since 2018
    2 recorded transactions
    2018
    1969
    Zoning & alternative use
    GB · Currituck, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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