Print
Real Estate - Commercial

Former Port City Chop House Property Changes Hands For Nearly $3M

By Cece Nunn, posted May 2, 2022
The property holding the former Port City Chop House building sold at the end of April. (Photo from the Port City Chop House Facebook page)
The property that held Port City Chop House on Eastwood Road has changed hands for nearly $3 million.

The longtime Wilmington restaurant closed permanently in April. Keith Hall, who owned the restaurant and the real estate, sold it last week to 5512 Business Dr LLC, a Wilmington-based entity managed by Mark Maynard Jr., for $2.855 million, according to the deed and state records. 

The property, 1981 Eastwood Road, includes a 6,850-square-foot restaurant building and 1.75 acres, property tax records show.

"The new owner is looking at options for redevelopment of the site in the near future," said Steve Hall, partner in Wilmington-based commercial real estate firm Maus, Warwick, Matthews & Co., on Monday.

Hall, who represented the buyer in the transaction, said plans for the property could also include a new restaurant tenant. 

The Port City Chop House Facebook page features a post dated April 22 announcing the closure of the steakhouse restaurant not far from Wrightsville Beach.

"It is with a heavy heart that we must announce that we have permanently closed the Port City Chop House. The pandemic has had an insurmountable effect on our business and we were forced to sell the property. We appreciate all of your support and patronage over the past 20 years," the post stated.

The owner's other two North Carolina properties, Capital City Chop House at 151 Airgate Drive in Morrisville and Chop House at Mendenhall at 4001 Meeting Way in High Point, "are still open and are both doing well," according to the Facebook post.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Jeremytomlinson enfuse headshot

37% of Orgs Said They Were the Victim of Ransomware In 2021

Jeremy Tomlinson - Enfuse Technology Solutions
Jessiepowellheadshot webversion

5 Reasons to Build Custom Franchise Software

Jessie Powell - Wide Open Tech
Web awstaffpic2020 1 132245438

The Luncheon for Literacy: More than a Meal

Alesha Edison Westbrook - Cape Fear Literacy Council

Trending News

Overton Tapped As Museum's Director Of Development

Staff Reports - Jul 5, 2022

Humphries Leads Leland Police Department

Staff Reports - Jul 5, 2022

Macaione Named Sales Manager At TowneBank Mortgage

Staff Reports - Jul 5, 2022

Unger Joins DocuGraphics Wilmington

Staff Reports - Jul 5, 2022

Adcock Achieves Membership In Million Dollar Round Table

Staff Reports - Jul 5, 2022

In The Current Issue

Film Focus: Driving The Film Industry

Camera Car Service supplies a mobile platform for lighting and camera equipment to create plate and driving shoots for film productions....


Stepping Up Burgaw's Parks And Rec

The town of Burgaw's parks, recreation and tourism department recently completed several projects and is involved in several more aimed to e...


MedNorth, Novant Expanding Services To Underserved Communities

Novant Health and MedNorth Health Center are advancing plans to expand the services they provide to individuals and families in some of Wilm...

Book On Business

The 2022 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100