12 N Pavilion Ave - Storefront Retail/Office FOR SALE


Carolina Beach, NC 28428
$750,000 USD
910-617-8296
12 N Pavilion Ave, Carolina Beach, NC for Sale
$750,000 USD
Storefront Retail/Office - FOR SALE
1/71
null | Request Cap Rate

12 N Pavilion Ave
Carolina Beach, NC 28428


HIGHLIGHTS

  • Coastal community with beachfront views
  • High tourist area with heavy traffic

OVERVIEW

Carolina Beach boardwalk property. Currently vacant. This property is .04 of an acre or 1,742 sf. The property line is slightly outside the existing structure meaning you can add some square footage in a redevelopment of the property. The current usable square footage is 1,537 (please see attached flyers and documents for layouts). The sellers have some renderings of potential two- and three-story designs for a redevelopment. For existing uses please see the link to the Town of Carolina Beaches zoning ordinance to see what the current Central Business District allows. Short term business operation or renovate and make this a mixed-use three-story building with ocean views. Potential is only as endless as the town's ordinances. The property was previously tenanted, and that tenant vacated at the end of the lease term. Seller may entertain a long-term lease for the property. However, the primary goal is to sell the asset. There are no owners' dues or association fees for the property on the board walk.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$559 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Ocean Front Ave Boardwalk

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

CBD

APN/PARCEL ID

R09006-008-001-000

ASK ABOUT THIS PROPERTY

Nicholas SilivanchNoble Commercial Real Estate GroupMore Info
910-617-8296

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Nicholas SilivanchNoble Commercial Real Estate GroupMore Info
910-617-8296

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.