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

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 ...

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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