3941 S Croatan Highway, Nags Head, NC 27959

$399,000
List Price
$399,000
MLS#
121235
Status
ACTIVE
Type
Commercial
Property Type
Retail

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.

Additional Information

Construction
Frame
Floor Coverings
Wood
Foundation
Piling
View
Park Serv./Preserve
Zip
27959
Year Built
1986
County
Dare

Mortgage Calculator

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Village Realty Holdings, Llc - Nh.

Listed by Karen DelVacchio

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