Closing Price:
$375,000
$375,000
817 Ocean Trail,
Corolla, NC 27927
null bd
null ba
0 sq ft
MLS #: 120707
Status: Closed
Sold Details
Status: Closed
Sold Price: $375,000.00
Closing Date: 3/28/2023
Contract Date: 1/29/2023
Total Days on Market:
Cumulative Days on Market: 245
Due Diligence Date: 3/14/2023
Listing Information
Area: Corolla Oceanside
Mls Status: Closed
Days On Market: 233
Cumulative Days On Market: 245
Listing Price: $375,000
Original Listing Price: $375,000
Possession: Close Of Escrow
Price Date: 10/31/2022
Ownership: Owned More than 12 Months
Listing Type: Exclusive Right To Sell
Building Details
Asking Price Per SqFt: $NaN
Year Built: 2001
Sub Type: Restaurant
Roof: Rubber
Foundation: Slab
Cooling: Central Air, Heat Pump
Heating: Central, Heat Pump
Flooring: Concrete
Construction Materials: Block, Masonry
Building Features: Doors <10', Dumpster, Door Sign, Roof Sign
Legal Description
County: Currituck
Subdivision Name: Monteray Plaza
Deed Book: 983
Deed Book Page Number: 271
County Pin Number: 116H000817C0000
Price Change: 3/27/2023
Lot Details
Total Assessed Value: 341500
Waterfront: None
Property Type: COMMERCIAL/INDUSTRIAL
Property Expenses & Utilities
Tax Year: 2022
Annual Property Taxes: $1,742.00
Water Source: Public
Contract Status Change Date: 3/28/2023
Estimated Annual Fee Amt: $NaN
Sewer: Public Sewer
Financials
Bank/Institution Owned: No
Rental Income
There is no rental income information availableListing Agent Remarks
Avoid an expensive buildout, furniture, fixture and equipment costs with this turnkey well designed and appointed existing restaurant space! Now is the time to bring your tasty menu to the beach and serve the hundreds of thousands of vacationers on the Outer Banks each year! Someone has to live in paradise, why not you?! There are approximately 65 seats in the restaurant including bar seating. There is a takeout area with a pickup window in the courtyard, dining room, HUGE BAR, a well-appointed kitchen with a commercial dishwasher, hood etc..., a wait stand, small office, two restrooms, and a walk-in located behind the unit. Take advantage of the courtyard location by adding additional out-door seating. Customers will love enjoying the beautiful OBX weather with their food and beverages! Sellers are investment owners and based on the asking price, ready to sell! Take advantage of this opportunity now! This location can thrive with a good menu and owner operators closely involved with marketing the business. After many years of ownership, the sellers' preference is to sell the location but are willing to offer the space for lease with a minimum two or three-year term, see separate lease listing (MLS#120708). See furniture, fixtures & equipment available for use in associated docs. CAM fees for 2021 are $4050.12 per year and will remain fixed for 3 years Common Insurance fee is $1004.82 Dues are $2000.00 per year. Dues subject to change in July.
Directions
Located in the lovely courtyard of Monteray Plaza, the largest commercial center in Corolla with several national brands and Food Lion as the anchor store.Official MLS Disclaimer
The data relating to real estate for sale on this web site comes from the Broker Reciprocity
Program of the Outer Banks Association of REALTORS. This property located at 817 Ocean Trail in Corolla is provided
courtesy of Sun Realty - Duck D: 252-261-6927. Information is believed to be accurate but is not
warranted. Copyrighted by Outer Banks Association of REALTORS. All Rights Reserved. IDX
information is provided by Shore Realty of the OBX 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. If this page disappears from this site it
means the property at 817 Ocean Trail in Corolla is no longer available for sale. If you are interested in this property
or have any questions about buying or selling real estate on the Outer Banks call Shore Realty. Local
252-441-3416
OR 800-647-1868.
For Immediate Service
252-441-3416 (Local OBX)
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