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    OFF-MARKET
    Turn key restaurants

    6684 Caratoke Hwy, Grandy, NC 27939-9623

    1,820 SF 1.37 ac lot Built 1995
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-0112733
    Property summary
    AI-generated overview

    This exceptional turnkey business opportunity in Grandy, NC, presents a fully renovated Mel's Diner, ideally situated on Caratoke Highway. The diner boasts a retro atmosphere complete with a jukebox and ample seating, including tables, booths, and counter service, catering to diverse customer preferences. The well-equipped kitchen features a streamlined prep line, updated equipment, and ample walk-in refrigeration. Outside, a dedicated storage shed and walk-in freezer provide convenient storage, especially beneficial for deliveries outside operating hours. The property includes 21 parking spaces, including one handicapped-accessible space. A significant advantage is the inclusion of an adjacent building, offering versatile potential. This secondary structure, with 11 parking spaces (including one handicapped-accessible space), features a bathroom, laundry room, and a large open area, suitable for various uses such as a bakery, prep kitchen, or rental office space. The substantial backyard provides additional parking, ideal for RVs or trucks, making this location particularly attractive to travelers to and from the Outer Banks. The combined properties offer a unique and lucrative investment opportunity. The asking price is $699,000.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1995
    Total area 1,820 SF
    Lot 1.37 ac (59,677 SF)
    Zoning code GB
    APN 0108000069A0000
    UPID US53-0112733
    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
    • Mel's Diner 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
    Redhead Bay Cafe Carolina LLC · 1 yrs held
    Redhead Bay Cafe Carolina LLC
    since 2025
    Last sale
    $699,000
    3 recorded transactions
    2025
    $699,000
    2009
    2008
    Zoning & alternative use
    GB · Grandy, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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