$5,250,000
$6,250,000
16.0%For more information regarding the value of a property, please contact us for a free consultation.
9,867 SqFt
SOLD DATE : 10/08/2024
Key Details
Sold Price $5,250,000
Property Type Commercial
Sub Type Improved
Listing Status Sold
Purchase Type For Sale
Square Footage 9,867 sqft
Price per Sqft $532
Subdivision Not In Subdivision
MLS Listing ID 100449907
Sold Date 10/08/24
Style Wood Frame
HOA Y/N Yes
Originating Board North Carolina Regional MLS
Year Built 1904
Annual Tax Amount $18,390
Lot Size 4.360 Acres
Acres 4.36
Lot Dimensions approx 410 x 490
Property Description
Restored to its original glory, River Forest Manor, The Grand Marina And Bistro 1904 offers an exceptional opportunity to the next proprietor. The Estate has a rich history that adds a touch of romance & sophistication to any occasion. Built more than a century ago, this iconic property is poised on over 4 acres of land on the Pungo River, Pantego Creek & Pamlico Sound & offers waterfront views for as far as the eye can see. The Manor, currently operating as a wedding & event venue has 9 unique bedrooms (most with their own bath) & spaces to host receptions, meetings, parties, & more. There are unique areas to capture those special moments. Each room has been painstakingly restored & each fireplace has a unique mantle. A new Pavilion has just been completed to offer both shade as well as shelter on rainy days. The Marina has a waterfront suite for guests plus 2 piers with deep water docks that can accommodate boats over 100 feet. The Marina offers fuel, black & grey water disposal in addition to water & electricity at the slip. For guests at the Marina, there is a bathhouse, laundry facilities plus golf carts for retrieving provisions at the nearby stores in Belhaven. Bistro 1904 has become ''the place to be'' for dining, live music on the patio, wine paring dinners, birthday parties & black tie affairs. A fully equipped kitchen & newly refinished bar make entertaining a breeze. Pickle ball courts have been refinished & are frequently used. A food truck is on site and serves lunch. For generations, this picturesque property has been a cherished part of the community, offering breathtaking views, elegant event spaces, and exquisite cuisine. Multiple revenue streams exist & there is ample room for growth. The vacant 3rd floor has been envisioned as a spa with massage and salt room. The three businesses are staffed with trained employees & ready for a seamless transfer of ownership or the current owners will consider financing or investor options.
Location
State NC
County Beaufort
Community Not In Subdivision
Zoning Commercial
Direction From hwy 99 north. Turn right onto Main Street. Property is on the right
Rooms
Basement Finished - Partial, Crawl Space
Interior
Heating Electric, Forced Air, Propane, Zoned
Cooling Central Air, Zoned
Flooring Carpet, Tile, Wood
Exterior
Exterior Feature Boat Slip
Garage Covered, Asphalt, Circular Driveway, Unpaved, Off Street
Utilities Available Community Water, Natural Gas Available
Waterfront Description Pier,Boat Ramp,Bulkhead,Deeded Water Access,Deeded Water Rights,Deeded Waterfront,ICW View,Water Depth 4+,Sailboat Accessible
View Marina, River, Sound View, Water
Roof Type Membrane,Shingle,Flat
Parking Type Covered, Asphalt, Circular Driveway, Unpaved, Off Street
Building
Sewer Municipal Sewer
Structure Type Boat Slip
New Construction No
Others
Tax ID 470
Acceptable Financing 1031 Exchange, SBA, Cash, Conventional
Listing Terms 1031 Exchange, SBA, Cash, Conventional
Special Listing Condition None
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