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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