2921 S Croatan Highway, Nags Head, NC 27959

$1,275,000
List Price
$1,275,000
MLS#
113850
Status
ACTIVE
Type
Commercial
Property Type
Retail

Property Description

Don’t miss this opportunity to own an established, income-producing boutique in the heart of North Carolina’s 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 country’s most beautiful beach destinations!

Additional Information

Air Conditioning
Central, Heat Pump, Zoned
Construction
Frame
Foundation
Slab
Heating
Zoned
Lot Description
Corner, Level
Roof
Metal
Sewer
Private Septic
Well
Municipal Water
Units
1
Zip
27959
Year Built
2005
Directions
Location across for YMCA at light.
County
Dare

Mortgage Calculator

Amount of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Re/Max Coastal Associates.

Listed by Whitney Hawkins

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