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Barefoot-Chandler & Associates

barefootchandler@gmail.com +1(252) 723-0504

$ 1,350,000

Est. payment | -/mo

5,764 SqFt

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$ 1,350,000

Est. payment | -/mo

Save Virtual Tour

5,764 SqFt

Key Details

Property Type Commercial

Sub Type Improved

Listing Status Active

Purchase Type For Sale

Square Footage 5,764 sqft

Price per Sqft $234

Subdivision Not In Subdivision

MLS Listing ID 100545768

Style Wood Frame

Year Built 1971

Lot Size 1.947 Acres

Acres 1.95

Lot Dimensions Irregular

Property Sub-Type Improved

Source Hive MLS

Property Description

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.

Location

State NC

County Carteret

Community Not In Subdivision

Zoning Commercial

Direction Take NC-24 through Swansboro and Cedar Point and turn left on Hwy 58. Follow to 2383 Hwy 58. Property will be located on left.

Interior

Heating Electric, Heat Pump

Cooling Central Air

Flooring LVT/LVP, Wood

Exterior

Parking Features Parking Lot, Asphalt, Off Street

Roof Type Shingle

Building

Foundation Crawl Space

New Construction No

Others

Tax ID 537703212451000

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=TdonBBsnLUU&play=1&brand=0&mls=1&

Hive MLS / Savannah / Classic / (NCRMLS) / Cape Fear Realtors

Listed by Better Homes and Gardens Real Estate Treasure 4

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(252) 723-0504

barefootchandler@gmail.com

Learn More About LPT Realty

2383 Hwy 58 Swansboro, NC 28584