Commercial Real Estate
The Outer Banks looks like an ideal environment to set up your business. Millions of vacationers show up every summer looking for a good time and there is a lot of money to be made helping them achieve that goal. What could be better than living at one of the most beautiful beaches in the country and fulfilling your economic expectations at the same time.
The draw back to living in such an idealic environment is the quickness at which the season passes. The actual summer season is only 10 weeks long, which is not a lot of time to make 50-80% of the years gross income. If you or your inventory are 1 week late you might have just lost 8% of your gross receipts for the year.
The only way to plan ahead is to have an understanding of what it takes to make a resort oriented business successful in the limited time frames involved.
Should you lease your operation or should you purchase it outright. Examine some of the options here.
office, hotel, motels, self storage, commercial acreage,
Restaurant / Food Service
sales, retail leaseholds, retail sales, strip malls, office buildings, shopping centers, warehouse space, industrial and commercial space.
Investment Properties, Retail Leasing, Multi-family commercial, industrial, vacant land for development
Letter of Intent (LOI)
A Letter of Intent is a way for a buyer to express their interest in purchasing a business opportunity. It gives the seller an indication of how the buyer intends to offer, what kind of time frame the buyer is looking for, what kind of financing the buyer can obtain, how the value of the inventory will be determined, if there is any training required and how much.
The Letter of Intent is just the start of negotiations. If an agreement can be reached then everything is put into a contract for the attorney's for both sides to review.
Should you lease your business and the location or should you purchase the business. You can start or buy an established retail outlet or you can lease the location and own just the business that operates there. Commercial leases tend to be more complicated than residential leases and it pays to do your home work first.
Retail catering to the locals or the seasonal vacationers. Year round business is limited because locals are broke in the winter.
Souvenir, t-shirt, bathing suits, clothes, stores and shops
If you want commercial real estate on the Outer banks, you have come to the right spot. We have restaurants, warehouses, retail stores, shopping centers, industrial space, raw land and anything else you want. We can help you buy, sell or lease your Outer Banks commercial real estate.
Prime Business Opportunity
Ocean Front Motel/Cottage Court
The Manor Motel in Nags Head is located at 6321 S Virginia Dare Trail. The cottage court/motel sits on 2 large ocean front lots. The property includes two 2 bedroom oceanfront cottages, 7 efficiencies, 7 motel rooms, and one 2 bedroom apt. in office building, plus office/ living quarters. This money making motel is operating and ready for a new owner. It is being offered for the cost of the land. $1,800,000 Call 252-207-7737 for details.
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