MLS # 107260
887 Albacore Street
Corolla, NC 27927
$505,000
 
Bedrooms
Bathrooms
Sq. Ft.

About This Property

ONLINE BIDDING ENDS DECEMBER 11 at 11:00 am ET. List price based on appraisal. Early offers accepted. Calling all Restauranteurs! For experienced or new operator, this turnkey location benefits from steady pedestrian traffic in the Monterey Plaza Food Lion Shopping Center, built by Bob DeGabriel. The last tenant spent $150K on build-out, and all FF&E including 2 walk-in coolers and fully equipped kitchen convey by separate bill of sale. Expand your current restaurant holdings, or start something new and fulfill your dream of living/investing/working at the beach! Join Subway, Dairy Queen, Dunkin, movie theater and more. Corolla attracts large family crowds in-season, and a 98 seat restaurant is a rare commodity. This shopping center has higher customer traffic and is a better performer than Timbuck II across the road. Ample parking. Lock up this space now before The MId-Currituck Bridge is built, which will allow quick and easy access between Rt. 158 on the mainland, and the beach road 12 in Corolla. (see www.ncdot/projects/mid-currituck- bridge) The completion of the bridge will shorten the trip from the mainland to a mere 8 miles, and will increase growth and tourism year round. This location has a captive customer base with no worries about maintaining parking lot or grounds. Cooled by 3 HVAC units; 50-year rubber membrane roof installed in 2005. IMPORTANT NOTE: Be sure to download the Property Information Package and Shopping Center Documents. They contain vital due diligence, inventory list, past financials, appraisal and more.

Property Details

MLS:
107260
Address:
887 Albacore Street
Town:
Corolla
Price:
$505,000
Estimated Monthly Mortgage:
$2,296/mo.
Listing Agent:
Terry, Linda
Listing Company:
Tranzon Fox Auctions
Area:
Corolla Oceanside
Subdivision:
 
Waterfront Location:
None
Oceanside Location:
 
Soundside Location:
 
Heated Area:
Sq ft.
Year Built:
2001
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