1002 Arendell Street, Morehead City, NC 28557 (MLS# 100412097)


$80,000
1002 Arendell Street
Morehead City, NC 28557
MLS# 100412097
Status: Closed
800 sqft


1002 Arendell Street, Morehead City, NC 28557
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1002 Arendell Street, Morehead City, NC 28557 1002 Arendell Street, Morehead City, NC 28557 1002 Arendell Street, Morehead City, NC 28557 1002 Arendell Street, Morehead City, NC 28557 1002 Arendell Street, Morehead City, NC 28557 1002 Arendell Street, Morehead City, NC 28557 1002 Arendell Street, Morehead City, NC 28557 1002 Arendell Street, Morehead City, NC 28557 1002 Arendell Street, Morehead City, NC 28557 1002 Arendell Street, Morehead City, NC 28557 1002 Arendell Street, Morehead City, NC 28557 1002 Arendell Street, Morehead City, NC 28557 1002 Arendell Street, Morehead City, NC 28557 1002 Arendell Street, Morehead City, NC 28557 1002 Arendell Street, Morehead City, NC 28557 1002 Arendell Street, Morehead City, NC 28557

Property Description
Unique opportunity to carry on a Morehead City/Crystal Coast favorite and be in business for yourself! Ideally located in the downtown Morehead City which attracts year-round locals and tourists with its many events, parades, tournaments, and home of the NC Seafood Festival. This successful and highly rated bakery is ready for its new pâtissier to continue providing local baked goods. Great road frontage on Arendell St., coupled with outstanding breads, pastries, pies, cakes, and a variety of confections has made this little gem one of the highest rated bakeries in the area. Stop by and grab a cinnamon bun (best in the area) and see for yourself! Bakery is turnkey, conveying all equipment, display cases, ovens, freezers, inventory, and owner is willing to pass on his 'secret recipes'. This bakery not only has a high level of walk-in traffic but also is the local 'go-to' for catering desserts for events and weddings. Established wholesale businesses a bonus as many retailers, coffee houses and restaurants sell these confections in their shops, adding additional revenue stream. This is a leased space with an excellent landlord/owner who is willing to continue with the new owner for long term lease. Current owner is ready to retire but is willing to stay on assist the new owner with recipes, clientele, etc. A confidentiality agreement is required to receive any financial information on this business.

Details
Maps
Contract Info
Available Date: 2023-11-01
Status: Closed
Effective Date: 2023-10-30
Delayed Marketing?: No
Delayed Marketing Date (DM): 2023-10-30
Garage: Masterlock
Listing Price: 89900
Current Price: $80,000
List Price/SqFt: 112.38
Sub Agent Comm $/%: %
Buyer Agent Comm: 3
Buyer Agent Comm $/%: %
Variable Comm: No
Stipulation of Sale: None
Location Information
Street #: 1002
Street Name: Arendell
Street Suffix: Street
County: Carteret
State/Province: NC
Zip Code: 28557
City Limits: Yes
Marketing City: Morehead City
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 34.721797
Geo Lon: -76.715774
Remarks and Showing
Directions to Property: Going east on Arendell St., Sugarloaf Island Bakery is on the left just past 11th St. Parking available on Arendell or in parking area between bakery & Chalk & Gibbs
Sign on Property: No
Building Info
New Construction: No
Building/Ext Features
SqFt - Heated (Primary): 800
Location Type: Mainland
Legal and Taxes
Legal: Hoffman Bakery, LLC
Broker Owner: No
Tax Year: 2023
Year Built: 1965
Zoning: CD
Cobra Zone: No
Status Change Info
Under Contract Date: 2024-04-01
Sold Price: $80,000
Sold Date: 2024-04-17
Property Features
Sub-Type: Food Service; Retail
Exterior Finish: Brick Veneer
Flooring: Concrete
Sale/Lease Includes: Business; Equipment; Furniture; See Remarks
Parking Features: Additional Parking; Public
Road Type/Frontage: 2 - 3 Lanes; Public (City/Cty/St)
Lot Description: See Remarks
Current Use: Retail
Location: Cent Business District; Corner; Freestanding
Cooling: Central; Heat Pump
Heating: Heat Pump
Heating System Fuel Source: Electric
Water Heater: Electric
Utilities: See Remarks
Terms: Cash; Conventional
Lease Types: See Remarks

Listing Office: Eddy Myers Real Estate

Last Updated: April - 18 - 2024

1002 Arendell Street, Morehead City, NC 28557 - MLS# 100412097
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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