Commercial / Mixed-Use Investment Opportunity in the Heart of Avon Located directly on NC Highway 12 in Avon, this unique mixed-use property offers an exceptional opportunity for investors seeking both commercial and residential income on Hatteras Island. The property features five income-producing units across two separate buildings, providing multiple revenue streams in a highly visible and desirable location. The front building offers prime Highway 12 storefront exposure and is currently leased with a 5-year commercial lease in place, providing immediate and stable income for the next owner. The building also includes a 1-bedroom, 1-bath apartment that is currently rented, creating additional income potential or offering a live/work opportunity. Behind the commercial building sits a triplex consisting of three 2-bedroom, 1-bath residential units, each offering comfortable living spaces for long-term tenants, employee housing, or seasonal rentals. All three units are currently rented on monthly leases, providing established income for the property. The three improvements were constructed in different years. With high visibility along NC Highway 12, proximity to Avon’s restaurants, shops, and beach access, and multiple rental possibilities, this property presents a rare mixed-use investment opportunity on Hatteras Island.
A rare opportunity to own one of Avon’s most established and beloved dining destinations. The Mad Crabber has been family-owned and operated since 1991, serving generations of locals and Outer Banks visitors with the kind of consistency and hospitality that builds lifelong repeat customers. While the restaurant has operated in its current location for a shorter period of time, the brand itself has been successfully established for over three decades. Located in the heart of Avon, this well-known restaurant benefits from steady seasonal tourism and strong community loyalty. For years, the owners have carefully maintained the building with consistent upkeep and attention to detail, preserving both its charm and functionality. The restaurant is fully operational and positioned for continued success under new ownership, offering a true turnkey opportunity in a thriving coastal market. Included in the sale is the adjacent 15,000 square foot parcel, which allows additional entry from Harbor Road. This added flexibility creates significant value and future potential. The extra lot could be utilized for expanded parking, outdoor dining or event space, future employee housing, or held as an investment for expansion down the road. Opportunities to acquire a long-standing, highly recognized restaurant with additional land in the heart of Hatteras Island are exceptionally rare. Whether you’re an experienced restaurateur looking to expand or an investor seeking a proven, income-producing property in the Outer Banks, The Mad Crabber presents both stability and upside potential in one of the island’s most desirable commercial areas.
Avon is located in North Carolina. Avon, North Carolina has a population of 361. Avon is less family-centric than the surrounding county with 0% of the households containing married families with children. The county average for households married with children is 24.89%.
The median household income in Avon, North Carolina is $30,154. The median household income for the surrounding county is $69,500 compared to the national median of $69,021. The median age of people living in Avon is 58 years.
The average high temperature in July is 85.3 degrees, with an average low temperature in January of 39.2 degrees. The average rainfall is approximately 56.3 inches per year, with 1.5 inches of snow per year.
