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2921 S Croatan Highway

Nags Head, NC 27959
  • $1,275,000
  • STATUS: Active
  • ON SITE: 184 Days
  • MLS #: 113850
UPDATED: 32 min ago
$1,275,000
  • 0
    BEDS
  • 0.73
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2005
County:

School Ratings & Info

Description

Dont miss this opportunity to own an established, income-producing boutique in the heart of North Carolinas Outer Banks! This is a rare opportunity to purchase an established business and building that produces a steady income stream and launch a new career by pursuing your dream of owning a boutique or small independent business and/or expanding your current retail business to a new location at the beach, as well as invest and build equity in Outer Banks real estate. The Store: The French Door is unique since it is a larger moderate to upper scale boutique that offers a wide range of clothing, jewelry and gifts in an area populated by mainly surf shops and beach stores. It is a shopping destination for many repeat customers because it is a special place where people can find something a little different than the outlet stores or online. It is a pleasurable shopping experience with beautiful products and has become a part of their Outer Banks visit. "The French Door is MY FAVORITE STORE is our tagline for a reason. The French Door has been successful for 16 years. It is a short walk (2 blocks) to the largest public beach access in Nags Head, across the street from popular Dowdy Park which hosts a seasonal weekly farmers market, Nags Head Elementary School and across the highway from the YMCA. The French Door has a Shopify POS system upgraded this year with two registers, integrated website and social media/email/FB/Instagram with almost 15,000 contacts. The French Door has Brand Awareness with TV Commercials/Coast/OBX Magazine that have established the brand for the last 16 years and associated packaging with logos. The business has long established relationships with key nationally recognized vendors. Established procedures for operations, artwork for logos and sales reports are all on Dropbox. The same owner has operated the business for the last 16 years and wants to retire. The current staff includes key long-term employees who are knowledgeable about all operations and the owner is prepared to transition the new owner for a smooth change of ownership. The Real Estate: The building is a stand-alone corner location at a busy traffic signal on the main road (125 on S. Croatan Hwy and 439 on Bonnet St). Total square footage is 3760 on two levels; first floor level is 2088 square feet of retail space with two restrooms; second floor is 952 square feet with 3 offices and a conference room with a wet bar; unfinished storage space of 720 square feet. Currently The French Door is located downstairs, and two offices are rented upstairs for additional income stream. There is a segmented security system for the businesses upstairs and downstairs. It is an award winning architecturally designed building constructed during 2005 which lends itself to a combination of office and retail uses. There are two entrances which allow for each space to be separately operated if desired. The retail space has ample showroom windows and great corner exposure with additional on-grass parking along Bonnet St. The Outer Banks continues to be a top nationally recognized vacation spot with one of the hottest real estate markets in the country. With the change in the workplace environment and people working remotely, we have had an influx of new people choosing this area to live year-round. This is a great opportunity to live and work in one of the countrys most beautiful beach destinations!

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© 2021 Outer Banks Association of Realtors MLS. IDX information is provided 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Matt Myatt | Keller Williams. Data last updated: 2021-10-15T16:37:36.507.
www.mattmyatt.com/homes/116078236
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2921 S Croatan Highway Nags Head, NC 27959

  • Price: $1,275,000
  • Status: Active
  • Updated: 32 min ago
  • MLS #: 113850
0
Beds
0
Baths
0
½ Baths
0.73
Acres
2005
Built
Neighborhood:
Nags Head between hwys
County:
Dare
Area:
Nags Head between hwys
Property Description
Dont miss this opportunity to own an established, income-producing boutique in the heart of North Carolinas Outer Banks! This is a rare opportunity to purchase an established business and building that produces a steady income stream and launch a new career by pursuing your dream of owning a boutique or small independent business and/or expanding your current retail business to a new location at the beach, as well as invest and build equity in Outer Banks real estate. The Store: The French Door is unique since it is a larger moderate to upper scale boutique that offers a wide range of clothing, jewelry and gifts in an area populated by mainly surf shops and beach stores. It is a shopping destination for many repeat customers because it is a special place where people can find something a little different than the outlet stores or online. It is a pleasurable shopping experience with beautiful products and has become a part of their Outer Banks visit. "The French Door is MY FAVORITE STORE is our tagline for a reason. The French Door has been successful for 16 years. It is a short walk (2 blocks) to the largest public beach access in Nags Head, across the street from popular Dowdy Park which hosts a seasonal weekly farmers market, Nags Head Elementary School and across the highway from the YMCA. The French Door has a Shopify POS system upgraded this year with two registers, integrated website and social media/email/FB/Instagram with almost 15,000 contacts. The French Door has Brand Awareness with TV Commercials/Coast/OBX Magazine that have established the brand for the last 16 years and associated packaging with logos. The business has long established relationships with key nationally recognized vendors. Established procedures for operations, artwork for logos and sales reports are all on Dropbox. The same owner has operated the business for the last 16 years and wants to retire. The current staff includes key long-term employees who are knowledgeable about all operations and the owner is prepared to transition the new owner for a smooth change of ownership. The Real Estate: The building is a stand-alone corner location at a busy traffic signal on the main road (125 on S. Croatan Hwy and 439 on Bonnet St). Total square footage is 3760 on two levels; first floor level is 2088 square feet of retail space with two restrooms; second floor is 952 square feet with 3 offices and a conference room with a wet bar; unfinished storage space of 720 square feet. Currently The French Door is located downstairs, and two offices are rented upstairs for additional income stream. There is a segmented security system for the businesses upstairs and downstairs. It is an award winning architecturally designed building constructed during 2005 which lends itself to a combination of office and retail uses. There are two entrances which allow for each space to be separately operated if desired. The retail space has ample showroom windows and great corner exposure with additional on-grass parking along Bonnet St. The Outer Banks continues to be a top nationally recognized vacation spot with one of the hottest real estate markets in the country. With the change in the workplace environment and people working remotely, we have had an influx of new people choosing this area to live year-round. This is a great opportunity to live and work in one of the countrys most beautiful beach destinations!
Exterior Features

Construction Frame Foundation Slab Lot Description CornerLevel Lot Faces W Parking Garage 1-25 SpacesParking LotPaved Roads Paved Roof Metal Street Frontage 564 Waterfront Location None

Interior Features

Air Conditioning CentralHeat PumpZoned Ceiling Height 10 Heating Zoned Insulation CeilingFloorWallYes Office Sq Ft 952 Restaurant Sq Ft 0 Retail Sq Ft 2088 Warehouse Sq Ft 720

Property Features

Actual Income 61548 Bank Owned YN No Business Name The French Door Business Or Real Estate Bus/ Bldg/ Lf Simple Commercial Features Security AlarmSmoke AlarmWindow Display Commercial Type Retail Current Use Retail Documents On File Land Survey Estimated Income 800000 Financing Options CashCommercialOwner Finance 1StOwner Finance 2nd Flood Zone X Gross Income Range $400001 - $800000 Percent Of Units Leased 100 Permitted Use Highway Commercial Potential Short Sale No Property Features DumpsterPole SignRoof Sign Sewer Septic Private Septic Tax Year 2021 Taxes 3335 Water Municipal Water Zoning Commercial

Listing courtesy of Whitney Hawkins of Re/Max Coastal Associates.


© 2021 Outer Banks Association of Realtors MLS. IDX information is provided 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Matt Myatt | Keller Williams. Data last updated: 2021-10-15T16:37:36.507.
 
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5595 N. Croatan Highway
Southern Shores NC, 27949