Turnkey Outer Banks Restaurant Corolla, NC

Property Location MAP

887 Albacore St
Corolla, NC 27927

Property #: FX7326

Contact Agent

Linda Terry
Tranzon Fox

804-354-9090 lterry@tranzon.com
Calling all Restaurateurs!  For experienced or new operator, this turnkey location benefits from steady pedestrian traffic in the Monterey Plaza Food Lion Shopping Center, built by Bob DeGabriel. Real estate (condo) along with FF&E is included.  The last tenant spent $150K on build-out, and all FF&E including 2 walk-in coolers and fully equipped kitchen convey by separate bill of sale. Outdoor seating is permissible. Expand your current restaurant holdings, or start something new and fulfill your dream of living/investing/working at the beach! This 2,550sf 98 seat restaurant is a rare commodity. Please be sure to download the Property Information Package by clicking on  “Download Now”. By downloading this package you will alert Tranzon Fox to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction.



North on Rt 12 to Corolla. Right at light onto Albacore.

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Linda Terry

Linda Terry: Tranzon Fox

804-354-9090 lterry@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

  • Buyer's Premium: 10% Buyers Premium based on the high bid.
  • Closing: 30-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: 10% deposit in guaranteed funds.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

Online Bidding Instructions:

see Property Information Package

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