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2383 Hwy 58
Swansboro, NC 28584
Retail Property For Sale
EXECUTIVE SUMMARY
T&W Restaurant & Oyster Bar, located at 2383 Hwy 58 in Peletier, is more than just a restaurant, it is a cherished piece of local history. Established in 1971 by Earl Taylor and Harold Watson, the name ''T&W'' has been synonymous with good food, great conversation, and community gathering for generations. For decades, loyal patrons and newcomers alike have walked through its doors, making it a true staple of the area and a place where memories have been made year after year. The expansive building offers over 5,000 square feet of thoughtfully designed space, providing the perfect balance of charm and functionality. Inside, guests are welcomed by spacious dining areas featuring wood floors throughout and fireplaces, creating a warm, inviting atmosphere ideal for everything from casual meals to special occasions. The restaurant includes two full-service bars and has the capacity to seat up to 249 guests, currently arranged for approximately 150, allowing flexibility for future expansion or reconfiguration. Beyond the public dining spaces lies a fully stocked commercial kitchen, equipped with everything needed to continue the successful oyster bar operation. Whether preserving the long-standing tradition or reimagining the space for a fresh concept, the infrastructure is already in place to support a thriving restaurant business. With more than 57 parking spaces on almost 2 acres, guests have ample room to park, relax, and stay awhile, an invaluable feature for high-volume dining and special events. This is a rare opportunity to own an established restaurant with deep community roots, generous space, and endless potential for its next chapter.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,000 SF
Year Built
1971
Price
$1,861,623 CAD
Price Per SF
$372.32 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.95 AC
Zoning
C - Commercial
Parking
57 Spaces (11.4 Spaces per 1,000 SF Leased)
AMENITIES
- Restaurant
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 5377.03.21.2451000 | Improvements Assessment | $632,378 CAD |
| Land Assessment | $303,582 CAD | Total Assessment | $935,961 CAD |
PROPERTY TAXES
Parcel Number
5377.03.21.2451000
Land Assessment
$303,582 CAD
Improvements Assessment
$632,378 CAD
Total Assessment
$935,961 CAD
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