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31763850
31763869

7531 S Virginia Dare Trail, Nags Head, NC 27959

SB
NC 205159
$5,000,000
48 days on market
Updated 16 days ago

Caribbean Corners

Details
Property Type Retail
Sub Type Shopping Center
Units 17
Occupancy 85%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Broker Co-Op Yes
Class B
Year Built 1981
Lot Size (SqFt) 50,500
Zoning G C-2
Parking Spaces 53 spaces
Investment Type Value Add
Ground Lease No

Commercial Assemblage

Marketing description

Introducing Nags Head Waterfront Shops at Caribbean Corners, a rare soundfront commercial assemblage along the iconic Virginia Dare Trail Causeway of Nags Head. Comprising of 17 unit parcels with direct waterfront exposure and boardwalk access. With over 300 +- indoor/outdoor seating, this property represents a unique opportunity to control a prominent stretch of the Roanoke Sound Waterfront within one of the Outer Banks’ most recognizable corridors. The setting defines the property—expansive sunset views, walkable waterfront access, and a vibrant, destination-oriented atmosphere where visitors gather to dine, shop, and experience the coastal lifestyle. Guests can enjoy a meal or a casual

drink while gathering for ice cream, all framed by unobstructed views over the Roanoke Sound, creating a destination environment that drives consistent visitor activity and repeat traffic. A distinctive waterfront setting not easily replicated along the Outer Banks. The property is improved with a diverse mix of established tenants including restaurants with indoor/outdoor seating, retail, brewery tasting room, ice cream shop and office suites, providing in-place income while preserving flexibility for future vision and enhancement. Positioned within Nags Head’s General C

-2 zoning and the Water Sports Overlay District, Caribbean Corners Shopping Center offers a rare combination of assemblage scale, waterfront positioning, and land use flexibility, supporting a wide range of potential commercial and mixed-use concepts, subject to approvals. Opportunities of this scale and waterfront presence are limited along the Outer Banks. This offering is best suited for investors, operators, or long-term holders seeking a legacy coastal asset with enduring appeal and multiple avenues for future value creation. Contact listing agent for additional information and private showing arrangements. Units 1-A through 1 E are combined as a restaurant. Units 3A-3B are combined as a Brewery Tasting Room. Units 3C-3E are combined as a Pizza Restaurant. Unts 2 A-2F are individual units. 3 first floor are commercial 3 second floor office suites. The vacant lot next door can be purchased separately and listed at $595,000 Inquiries, including walking the property by appointment. Do not approach tenants on your own.

Investment highlights

  • Rare 17 Parcel Waterfront/Soundfront Assemblage

Control of a significant soundfront footprint - an increasingly scarce asset type in the Outer Banks.

  • Direct Soundfront Exposure with Boardwalk Access

Walkable waterfront setting supporting dining, retail, and experiential uses

  • In-Place Income With Clear Value-Add Upside

Existing cash flow with opportunity for rent growth, retenanting, and enhanced use

  • Prime Location On Virginia Dare Trail Corridor

High visibility position within one of the most active tourism and commercial corridors in the region.

  • Zone Flexibility With Expansion Potential

General C-2 with Water Sports Overlay and a defined pathway toward mixed-use and waterfront-oriented uses

subject to approvals. Value-add and repositioning opportunity

Listing Contacts

SB
NC 205159

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Additional Information

Name
Suzanne Baer
License
205159
Brokerage
Outer Banks Realty Solutions
Brokerage Phone
2523052237
Title
BIC
Brokerage Address
100 Weir Point Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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