817 Cedar St, Beaufort, NC 28516

$825,000

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List Price
$825,000
Status
ACTIVE
MLS#
100553523
Price Change
▼ $44,000 1782863787
Days on Market
177
Year Built
1961
Acres
0.28
Neighborhood
Not In Subdivision

Property Description

Wonderful opportunity to own a high-volume, ''local favorite'' breakfast diner located just three blocks from Front Street in the heart of downtown Beaufort, North Carolina. Situated on a prime corner lot with a traffic stoplight, this property boasts exceptional visibility and accessibility, including a drive-through window and an outdoor seating area. Currently seating approximately 50 people, the establishment has been remodeled, featuring new kitchen equipment, a new roof, and a new HVAC system. Operating strictly on breakfast hours, the business is currently generating substantial profit. The property is currently run by an absentee owner with a reliable staff of 4-5 employees, making it perfectly suited for a hands-on operator who can maximize profits by replacing 1-2 shifts and driving this expansion. Furthermore, the property is zoned CSMU (Commercial/Mixed-Use), allowing for diverse future development opportunities. Owner is divesting to reinvest capital into other business ventures. Please note that this is a confidential listing; Interested parties must not visit the site to discuss the sale or speak with employees, and all inquiries must be directed through the listing agent. Artistic renderings are used to protect the identity of the business while representing the property's layout and potential. Owner is also willing to discuss some partial owner financing. This establishment holds untapped potential of increase in revenue immediately, simply by extending hours to include lunch, which is in high demand in this immediate area.

Additional Information

Cooling
Central Air
Heating
Coal, Electric, Heat Pump
Foundation
Slab
Roof
Membrane
Lot Information
Corner Lot
Utilities
Water Available
Water
Public

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Legacy Real Estate Group.

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