Will Kelly’s Outer Banks Tavern be sold or will it stay open.
In September Mike Kelly reported he was in negotiations to sell his iconic Outer Banks Tavern. At that time, Mike let it be known that he thought a deal would be finalized by the end of the year.
That seems to have been put on temporary hold according to the Outer Banks Voice which quoted Mike as saying the negotiations are ongoing and that the buyer is still reviewing options.
Although the suitor of the 5-acre property has not been identified, it is known that the investor hoping to purchase the Kelly’s is European. Speculation has centered on European supermarket companies, including Trader Joe’s, that have been moving aggressively into the US market.
The lot includes the Outer Banks Tavern and the Kelly Professional Building as well as the parking lot and associated grounds.
The town of Nags Head is currently developing a unified development ordinance. As part of the UDO, a proposal to require a conditional use permit for any structure over 15,000 square feet was debated at the most recent Commissioner’s meeting. Facing strong opposition from former mayors and local business leaders, including Mike Kelly, the proposal was voted down.
At this point in time, Mike is planning on a full schedule of entertainment through the upcoming summer season.