The Tavern at Jack's Neck 238 Pamlico St

Investment Highlights

Custom Built by Architect/Owner Located on the inner banks of North Carolina in a quaint little village. The area is increasing with about 40 single family homes ranging from $400,000-500,000 right across the street which is convenient for walking. Interior offers the best of wood and stone craftsmanship Perfect stop for villagers travelling up the intracoastal water way Located in historic downtown, the birthplace of intracoastal waterway.

Executive Summary

The Owners are ready to retire and that's the reason for the sale offering. The price listed includes the real estate (10,000 +/- Sq Ft), the business and its contents, with the exception of very few personal pieces. The Owners would consider a portion of owner financing or a possible lease.This building was custom designed & built by the Architect/Owner over a 9 year period. The interior offers a warm welcome with it's a classic nautical and wildlife d?cor, 3 stone fireplaces, walnut, hickory, teak and cypress wood walls. The property is set up and operating as a restaurant since 2013 (10yrs) with 4 dining/seating areas, 3 walk-in refrigerators, 1 walk-in freezer, 2 indoor kitchens, and 1 screened in, outdoor cooking area. The Tavern dining area includes 4 large TVs, a 60ft teak full bar including draft beer choices with 15 bar seats and 22 table seats, the main floor has 64 table seats with 2 side rooms offering a total of 50+ table seats and a see thru stone fireplace. Connected with the Tavern, the Oyster Bar offers 14 bar seats, the Bourbon Bar has 6 bar seats and 5 sofa/chair seats. Next is the connected Steak House with its own entrance. It has 50+ table seats and also includes a stone wall water fall, its own stone fireplace and a baby grand piano. The covered out door area, with a wood burning stone fireplace offers 38+ table and bar seats plus a grass area with 36 table seats. Both areas are serviced with its own full bar and the Tavern kitchen. The Oyster Bar, Bourbon Bar and Steak House have their own kitchen. All areas are under 1 roof and offer 3 bathrooms and 2 public front entrances and 1 back public entrance and 2 entrances for staff. The beauty of this layout is that you can open 1 or all areas independently. This offers the options of renting out different areas for private events but continuing to be open to the public. The property is located in the Historical Downtown area and is within a short walking distance from the Town public docks and the Belhaven Marina, a 3 block walk or golf cart ride from the Grand Manor Marina (under new ownership)and TJ's Marina and boat yard. Belhaven offers many Air B&B and VRBO options as well as available rooms and the newly renovated River Forest Manor (under new ownership).The business is open Wednesdays through Sundays and is somewhat seasonal in that the Summer is historically the busiest with families coming to their river homes but due to our location on the Intracoastal Waterway in Eastern NC we have 2 seasons of transient boaters on their way to and from their Fall and Spring Ports of Call, as well as the NC seasons of bear, deer and water fowl hunting and fishing enthusiast. The Tundra Swans coming into the area for their winter migration brings in many bird watchers as well. The Town of Belhaven offers several fishing tournaments a year, BBQ cook off contests, a historical 4th of July celebration that is the state?s longest consecutive running Independence Day celebration in the state, and is also proud to be the Birthplace of the ICW.

• Sale Type    Owner User
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Storefront Restaurant
• Building Size    10,001
• Building Class    C
• Year Built/Renovated    1940/2011
• Price    2,500,000
• Price Per SF    250
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.89
• Land Acres    0.26 AC

• 24 Hour Access
• Fireplace
• Raised Floor
• Restaurant
• Security System
• Signage
• Accent Lighting
• Recessed Lighting
• Air Conditioning