2383 Hwy 58, Swansboro, NC 28584
New Listing
$1,350,000
Property Type:
Comm Sale or Lease
Square Footage:
5,764
Lot Size (sq. ft.):
84,811
Status:
Active
Current Price:
$1,350,000
List Date:
12/17/2025
Last Modified:
12/17/2025
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.
More Information MLS# 100545768
Building/Ext Features
ud_i_08: 2
# of Parking Spaces: 57
Fireplace Y/N: Yes
Lot Acres: 1.95
Lot SqFt: 84811
Lot Dimensions: Irregular
SqFt - Total Available: 5764
Location Type: Mainland
Contract Info
Delayed Marketing?: No
Sub-Type: Improved
Garage: N/A
Sale/Lease: Sale
List Price/SqFt: 234.21
Stipulation of Sale: Standard
Status: Active
Marketing Start Date: 2025-12-17
Listing Price: 1350000
Current Price: $1,350,000
Location Information
City Limits: No
Secondary Subdivision: N/A
Street #: 2383
Street Name: Hwy 58
County: Carteret
State/Province: NC
Zip Code: 28584
Subdivision: Not In Subdivision
Geo Lat: 34.736168
Geo Lon: -77.083469
Remarks and Showing
Sign on Property: No
Directions to Property: 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.
Building Info
New Construction: No
Legal and Taxes
Tax Assessed Value: 428074
Deed Book: 1525
Deed Page: 323
Legal: Acreage Nc Hwy 58 Peletier
Broker Owner: No
PID: 537703212451000
Tax Identifier: 537703212451000
Plat Book: 00
Plat Page: 00
Total Real Estate Property Taxes: 2238.36
Special Assessments: N/A
Tax Year: 2025
Zoning: Commercial
Cobra Zone: No
Year Built: 1971
Business Type
Food Service: 1
Commercial: 1
Current Use
Commercial: 1
Construction
Wood Frame: 1
Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Foundation
Crawl Space: 1
Flooring
LVT/LVP: 1
Wood: 1
Parking Features
Asphalt: 1
Off Street: 1
Parking Lot: 1
Sale/Lease Includes
Buildings: 1
Business: 1
Equipment: 1
Fixtures: 1
Furniture: 1
Inventory: 1
Land: 1
See Remarks: 1
Roof
Shingle: 1
Road Type/Frontage
Maintained: 1
Public (City/Cty/St): 1
Cooling
Central Air: 1
Heating
Heat Pump: 1
Heating System Fuel Source
Electric: 1
Water Heater
Electric: 1
Sewer
Septic Tank: 1
Fireplace Features
Dining Room: 1
BuildingExt Features
SqFt - Heated (Primary): 5764
Property Features
Business Type: Food Service; Commercial
Construction: Wood Frame
Flooring: Wood; LVT/LVP
Foundation: Crawl Space
Parking Features: Asphalt; Off Street; Parking Lot
Roof: Shingle
Current Use: Commercial
Cooling: Central Air
Fireplace Features: Dining Room
Heating: Heat Pump
Heating System Fuel Source: Electric
Water Heater: Electric
Sewer: Septic Tank
Terms: 1031 Exchange; Cash; Conventional
Listing Office:
Better Homes and Gardens Real Estate Treasure 4
IDX
Last Updated: December - 17 - 2025
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