303 South Avenue, Oriental, NC 28571 (MLS# 100505023)

303 South Avenue, Oriental, NC 28571

$535,000
Property Type: Comm Sale or Lease Square Footage: 2,000 Lot Size (sq. ft.): 10,019 Status: Active
Current Price: $535,000 List Date: 5/02/2025 Last Modified: 5/02/2025

Description

Waterfront Restaurant & Iconic Building For Sale - Oriental, NC Rare opportunity to own a thriving restaurant business AND a prime piece of waterfront real estate in the sailing capital of North Carolina! Located adjacent to the popular Oriental Marina & Inn, this standalone building houses the well-known Toucan Grill & Fresh Bar, a community favorite for casual coastal dining, featuring tiki cocktails, and unbeatable harbor views. This property offers direct waterfront access and is situated alongside a bustling condotel, bringing a steady flow of year-round guests. With high visibility and foot traffic from both land and water, the location is truly second to none. The building itself is designed for flexible, all-season service. A spacious covered patio — enclosed with clear panels in winter — ensures year-round dining with beautiful harbor views. The outdoor area is pet-friendly, adding to its laid-back charm. Being on the harborside is a major draw, offering a fun, relaxed atmosphere for locals, travelers, and sailors passing through the Intracoastal Waterway. Property Highlights: • Premium waterfront lot with exceptional harbor views • Standalone restaurant building with indoor dining, full kitchen, and bar • Covered outdoor dining area, winterized for year-round use • Located next to the Oriental Marina & Inn and public harbor amenities • Strong reputation and loyal customer base built over years of success • High-visibility signage and easy access by land and sea • Bonus Opportunity - Turnkey sale — fully operational business available with access to the Iconic Tiki Bar area by the pool; a landmark gathering spot. Whether you're seeking to continue the success of Toucan Grill or bring your own vision to life, this offering has the potential to combine a high-performing restaurant, a prime piece of real estate, and a lifestyle investment all in one. Opportunities like this are exceedingly rare along North Carolina's Inner Banks. Contact us today

More Information MLS# 100505023

Building/Ext Features

Lot Acres: 0.23 Lot SqFt: 10019 Lot Dimensions: Irregular SqFt - Total Available: 2000 Location Type: Mainland

Contract Info

Delayed Marketing?: No Sub-Type: Improved Garage: N/A Sale/Lease: Sale List Price/SqFt: 267.5 Stipulation of Sale: Standard Status: Active Marketing Start Date: 2025-05-02 Listing Price: 535000 Current Price: $535,000

Location Information

City Limits: Yes Secondary Subdivision: N/A Street #: 303 Street Name: South Street Suffix: Avenue County: Pamlico State/Province: NC Zip Code: 28571 Subdivision: Not In Subdivision Geo Lat: 35.024314 Geo Lon: -76.695302

Remarks and Showing

Sign on Property: Yes Directions to Property: From NC-55 / Broad St, Turn onto Hodges St. Follow Hodges St. and veer Right onto Wall Street. Turn Right onto South Ave and park in parking lot on right hand side. Restaurant will be through condotel courtyard.

Building Info

New Construction: No

Legal and Taxes

Tax Assessed Value: 356653 Deed Book: 605 Deed Page: 354 Legal: TOUCAN GRILL CB 1-128-134 Broker Owner: No PID: 6487919719000 Tax Identifier: J082-421-1a Plat Book: CB 1 Plat Page: 128 Total Real Estate Property Taxes: 3192.05 Special Assessments: None Tax Year: 2024 Zoning: MU HOA: No Cobra Zone: No Year Built: 2004

Business Type

Food Service: 1 Commercial: 1

Current Use

Commercial: 1

Miscellaneous

Current Use: Restaurant

HOA and Neigh Amenities

No Amenities: 1 Waterfront Community: 1

Attic

Access Only: 1

Basement

None: 1

C & I Features

440 Electric Service: 1 ADA Compliant: 1 Delivery Door: 1 Electric 3 Phase: 1 Fire Alarm: 1 Fire Supression: 1 Reception Area: 1 Underground Tanks: 1 See Remarks: 1

Frontage Type

Marina Front: 1

View Type

Marina: 1

Construction

Concrete: 1

Lot Water Features

Bulkhead: 1 Water Depth 4+: 1

Current Service Providers

Electric Provider: Duke Energy Internet Service Provider(s): Spectrum Sewer Provider: City of Oriental Trash Provider: City of Oriental Water Provider: City of Oriental

Exterior Finish

See Remarks: 1

Terms

Cash: 1 Conventional: 1

Foundation

Raised: 1 Slab: 1

Flooring

Carpet: 1 Concrete: 1 Tile: 1

Fuel Tank

Gas: 1 Propane Buried: 1

Fuel Tank Ownership

Owned: 1

Parking Features

Gravel: 1 Parking Lot: 1 Private: 1 Shared Driveway: 1 Unpaved: 1

Sale/Lease Includes

Buildings: 1 Land: 1 See Remarks: 1

Roof

Metal: 1

Road Type/Frontage

Paved: 1 Public (City/Cty/St): 1

Cooling

Central Air: 1

Location

Freestanding: 1

Heating

Heat Pump: 1

Heating System Fuel Source

Electric: 1

Water Heater

Propane: 1

Utilities

Water Available: 1

Water Source

Municipal Water: 1

Sewer

Municipal Sewer: 1

Lease Types

NNN: 1

BuildingExt Features

SqFt - Heated (Primary): 2000

Property Features

Business Type: Food Service; Commercial HOA and Neigh Amenities: No Amenities; Waterfront Community Attic: Access Only Basement: None Frontage Type: Marina Front View Type: Marina Construction: Concrete Exterior Finish: See Remarks Flooring: Carpet; Concrete; Tile Foundation: Raised; Slab Fuel Tank: Gas; Propane Buried Fuel Tank Ownership: Owned Parking Features: Gravel; Parking Lot; Private; Shared Driveway; Unpaved Roof: Metal Current Use: Commercial Location: Freestanding Lot Water Features: Bulkhead; Water Depth 4+ Cooling: Central Air Heating: Heat Pump Heating System Fuel Source: Electric Water Heater: Propane Utilities: Water Available Sewer: Municipal Sewer Water Source: Municipal Water Terms: Cash; Conventional Lease Types: NNN
Listing Office: Century 21 Sail/Loft Realty
IDX
Last Updated: May - 02 - 2025
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