6684 Caratoke Hwy, Grandy, NC 27939-9623
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.
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Mel's Diner Cafe & Coffee Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
GB · Grandy, NCGrandy. Always verify with local authorities before improvements.
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.