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2383 Hwy 58, Swansboro, NC 28584
$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:
3/02/2026
Overview
Description
...
(Read more)
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.
Listing Details MLS# 100545768
Contract Info
- Delayed Marketing?
- No
- Marketing Start Date
- 2025-12-17
- Sub-Type
- Improved
- Garage
- N/A
- Sale/Lease
- Sale
- Listing Price
- 1350000
- List Price/SqFt
- 234.21
- Stipulation of Sale
- Standard
Location Information
- Street #
- 2383
- Street Name
- Hwy 58
- County
- Carteret
- State/Province
- NC
- Zip Code
- 28584
- City Limits
- No
- Subdivision
- Not In Subdivision
- Secondary Subdivision
- N/A
Remarks and Showing
- 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.
- Sign on Property
- No
Building Info
- New Construction
- No
BuildingExt Features
- SqFt - Heated (Primary)
- 5764
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
- Year Built
- 1971
- Zoning
- Commercial
- Cobra Zone
- No
More Information
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
Business Type
- Food Service
- Yes
- Commercial
- Yes
Current Use
- Commercial
- Yes
Construction
- Wood Frame
- Yes
Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
Foundation
- Crawl Space
- Yes
Flooring
- LVT/LVP
- Yes
- Wood
- Yes
Parking Features
- Asphalt
- Yes
- Off Street
- Yes
- Parking Lot
- Yes
Sale/Lease Includes
- Buildings
- Yes
- Business
- Yes
- Equipment
- Yes
- Fixtures
- Yes
- Furniture
- Yes
- Inventory
- Yes
- Land
- Yes
- See Remarks
- Yes
Roof
- Shingle
- Yes
Road Type/Frontage
- Maintained
- Yes
- Public (City/Cty/St)
- Yes
Cooling
- Central Air
- Yes
Heating
- Heat Pump
- Yes
Heating System Fuel Source
- Electric
- Yes
Water Heater
- Electric
- Yes
Sewer
- Septic Tank
- Yes
Fireplace Features
- Dining Room
- Yes
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
IDX
Listing Office:
Better Homes and Gardens Real Estate Treasure 4
Last Updated: March - 02 - 2026
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