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Property profile & analytics
OFF-MARKET
Turn key restaurants

238 Pamlico St Belhaven, NC 27810-1418

5,920 SF 0.14 ac lot Built 1940
Entity Owned Absentee Owner Free & Clear
Property ID
US53-4135832
Property summary
AI-generated overview

This exceptional 10,000 sq ft, single-story restaurant and bar in historic downtown Belhaven, NC, is for sale. Built in 1940 and extensively renovated (2011-2020), this custom-designed property boasts multiple dining areas, including a tavern with a 60ft teak bar, an oyster bar, a bourbon bar, and a steakhouse, each with its own kitchen and seating. The property includes three walk-in refrigerators, one walk-in freezer, three fireplaces, and extensive use of high-quality wood and stone. Outdoor seating is available under a covered area with a fireplace and in a grassy area. The property features three bathrooms, multiple entrances, and a 0.26-acre lot. Its prime location is within walking distance of the town docks and marinas, benefiting from seasonal tourism and local events. The business, operational since 2013, is currently open Wednesday-Sunday and includes all contents (excluding a few personal items). The sale includes the real estate, business, and contents. The permitted zoning is General Business. This turnkey opportunity presents a unique chance to own a well-established and profitable waterfront establishment.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1940
Total area 5,920 SF
Lot 0.14 ac (6,098 SF)
APN 7605-79-6040
UPID US53-4135832
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
  • The Tavern At Jack's Neck Restaurant
  • The Breakwater at Jack's Neck Restaurant
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
SOUTHERLAND PROPERTIES LLC
SOUTHERLAND PROPERTIES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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