Commercial real estate is different here than other places. Zoning regulations are in affect limiting commercial development to 65% of lot coverage. This, along with a lack of central sewage, can limit what looks like an opportunity to expand. Be sure to do your due diligence so you end up buying what you think you are buying.
Below are all of the commercial properties currently for sale on the Outer Banks. If you have any questions call Shore Realty direct at 252-441-3416 OR 800-647-1868.
Retail Businesses
These retail properties include leaseholds and fee simple properties. The lease hold listings will typically be the lowest priced because all you are buying is the business, inventory, fixtures and the existing lease. A leasehold does not include the land or the building and you will be paying rent instead of a mortgage.
The fee simple retail properties are the ones where you are buying the building and maybe the business.
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Restaurants and Food Establishments
Here you will find the restaurants currently for sale. When considering buying a restaurant on the Outer Banks you have to keep in mind the zoning regulations and septic. Central sewage is very limited on the OBX and restaurants need a large area for septic disposal. Don't assume you can expand seating capacity.
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Hotels and Motels
Most of the motels, especially on the oceanfront, are being sold for the lot value, demolished and replaced with large houses.
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Offices and/or Office Buildings
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Multi Unit Buildings
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Commercial Land For Sale/Lease
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