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3941 S Croatan Highway , Unit 113

Nags Head, NC 27959
  • $399,000
  • STATUS: Active
  • ON SITE: 14 Days
  • MLS #: 121235
UPDATED: 41 min ago
$399,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1986
County:

School Ratings & Info

Description

Locals know this business...Life on a Sandbar at Jockey's Ridge Crossing. This has been an OBX staple for 20+ years and rated #1 in Trip Advisor. Fabulous location with great foot traffic and visibility. Owners have decided to retire but will happily help the new owner during the first season of business to get you trained. The business has both retail and wholesale aspects. The retail business has a lot of lucrative hands-on items (hair wraps, henna tattoos, sand art) along with the typical jewelry and tee shirts. There are 2 years left on the current lease and the new owner can negotiate additional leases with building owners. Qualified Buyers can review the past 3 years P&L after signing a NDA,...you will be impressed with the numbers! Inventory, as of 12/31/2022, worth $74,000 will convey with the store. Owners are currently in the process of purchasing 2023 inventory, so anything over the 74k of inventory will be paid for by the Buyer. At point of business sale a current inventory will be done and the inventory cost adjusted accordingly.

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© 2023 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Carolina Designs Realty. Data last updated: 2023-02-08T11:37:41.37.
www.obxsales.com/homes/136426207
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3941 S Croatan Highway , Unit 113 Nags Head, NC 27959

  • Price: $399,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 41 min ago
  • MLS #: 121235
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1986
Built
Neighborhood:
Nags Head between hwys
County:
Dare
Area:
Nags Head between hwys
Property Description
Locals know this business...Life on a Sandbar at Jockey's Ridge Crossing. This has been an OBX staple for 20+ years and rated #1 in Trip Advisor. Fabulous location with great foot traffic and visibility. Owners have decided to retire but will happily help the new owner during the first season of business to get you trained. The business has both retail and wholesale aspects. The retail business has a lot of lucrative hands-on items (hair wraps, henna tattoos, sand art) along with the typical jewelry and tee shirts. There are 2 years left on the current lease and the new owner can negotiate additional leases with building owners. Qualified Buyers can review the past 3 years P&L after signing a NDA,...you will be impressed with the numbers! Inventory, as of 12/31/2022, worth $74,000 will convey with the store. Owners are currently in the process of purchasing 2023 inventory, so anything over the 74k of inventory will be paid for by the Buyer. At point of business sale a current inventory will be done and the inventory cost adjusted accordingly.
Exterior Features

Construction Frame Foundation Piling Parking Garage 51-100 Spaces Roads PavedPublic View Description Park Serv./Preserve Waterfront Location Semi-Oceanfront (2Nd Row)

Interior Features

Floor Covering Wood Retail Sq Ft 624

Property Features

Bank Owned YN No Business Name Life On A Sandbar Business Or Real Estate Bus/ Bldg/ Lf Simple Commercial Features Equip. ConveysHandicap FeaturesInventory ConveyPublic Restroom (S) Commercial Type Retail Documents On File Expense History Financing Options Cash Gross Income Range $200001 - $400000 Possession At Closing Potential Short Sale No Tax Year 2022 Taxes 0 Tenant Pays Electric Zoning C2

Listing courtesy of Karen Delvacchio of Village Realty Holdings, Llc - Nh: [IDXCONTACTINFORMATION].


© 2023 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Carolina Designs Realty. Data last updated: 2023-02-08T11:37:41.37.
 
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Carolina Designs Realty
1197 Duck Road
Duck NC, 27949