Listing ID118194
Price$949,000$26K
StatusActive
Acres
2.320
CountyDare
Year Built1974
Property TypeCommercial
Property Sub TypeMulti Unit
Excellent Revenue Producing Property! Located 5 minutes south of the Cape Hatteras Lighthouse! Two story restaurant and rental property located in the heart of Frisco. An island known for its history and tourism! The restaurant is known by many and loved by all who have visited. Well established with loads of character and charm from the moment you step inside. The spacious dining room sits adjacent to the fully equipped kitchen. Currently operating 5 days a week (at present) evening hours only, with a limited menu as well as bakery items. Substantial upgrades have been made in recent years to both the dining room and kitchen with new flooring, cooling system in the kitchen and pizza oven upgrades. The iconic Gingerbread House sits on 3 separate parcels totaling nearly 100,000 sq. ft. The perfect opportunity for your next business adventure. The second story houses a 2-bedroom apartment as well as an efficiency - with the opportunity for an additional 1st floor efficiency to be added. Housing shortage for your staff? Not with this property! Don’t bother wasting your time trying to find the perfect location, being bogged down with construction costs, permits or finding contractors. Step into this ready to operate business because it has it all! With great reviews and a reputation of providing a family friendly atmosphere with delicious pizza, salad and desserts – you don’t want to miss this opportunity!
County
Dare
Price Before Reduction
975000
Price Reduction Date
2022-05-17T17:30:31+00:00
Property Sub Type
Multi Unit
Property Type
Commercial
Year Built
1974
Zoning
S-1
Air Conditioning
Heat Pump, Wall Unit(s)
Floor Coverings
Carpet, Other-See Remarks
Heating
Heat Pump, Wall Unit(s)
Insulation
Yes
Living Quarters SqFt
1338
Property Features
Dumpster, Partially Fenced, Pole Sign
Restaurant SqFt
1995
Water
Municipal Water
Approximate Lot SqFt
101000
Foundation
Masonry, Piling
Lot Description
Level
Lot Size/Dimensions
101000
Parking/Garage
26-50 Spaces, Off Street, Unpaved
Roads
Paved, Public
Roof
Asphalt/Fiber Shingle
Sewer/Septic
Private Septic
Waterfront Location
None
Area
Frisco Oceanside
View Description
Salt Marsh
Business/Real Estate
Bus/ Bldg/ LF Simple
Commercial Features
Equip. Conveys
Construction
Frame, Wood
Homes & Land of the Outer
yes
Ownership
Owned More than 12 Months
Status Category
Active
Bank Owned
no
Financing Options
Cash, Commercial
Gross Income Range
$200,001 - $400,000
Potential Short Sale
no
Sale/Rent
For Sale
Tax Year
2021
Taxes
2635.45
Total Assessed Value
481800
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