213 Cape Fear Blvd - Hospitality FOR SALE


Carolina Beach, NC 28428
$3,950,000 USD
910-431-7481
213 Cape Fear Blvd, Carolina Beach, NC for Sale
$3,950,000 USD
Hospitality - FOR SALE
1/11
null | Request Cap Rate

213 Cape Fear Blvd
Carolina Beach, NC 28428


HIGHLIGHTS

  • Carolina Beach Motel with Redevelopment Site, 4 Lots
  • Seller Financing Terms, Flexible Financing

OVERVIEW

Carolina Beach Motel For Sale/ or RARE REDEVELOPMENT OPPORTUNITY WITH OWNER FINANCING AVAILABLE - CAROLINA BEACH, NC Located in the heart of one of the East Coast's fastest growing beach towns, this mixed-use property is your gateway to a high ROI redevelopment project just steps from the ocean FLEXIBLE OWNER FINANCING OPTIONS You don't need a bank. We are making it easy for visionary developers and investors. *Only 20% down *Competitive interest rates *Avoid restrictive conditions compared to traditional financing ABOUT THIS PROPERTY This property consists of a total of 4 lots. 3 of the lots are located at 213 Cape Fear Blvd and includes a 2 story 18 room motel and a house with an office and an apartment. The 4th lot connects to the back of the motel and is addressed at 218 Charlotte Ave. This is a vacant lot and is deeded separate from the other 3 lots. 150 Feet of Road Frontage on Cape Fear Blvd and 50 Feet Frontage on Charlotte Ave. UNMATCHED LOCATION This is your opportunity to invest in one of the most sought-after areas on the Carolina coast. Located just a few blocks from the historic boardwalk, restaurants, shops, entertainment and the beautiful Atlantic Ocean. The flexible mixed-use zoning makes it ideal for a variety of redevelopment uses. Beach-close properties in this zone are becoming increasingly rare-don't miss this opportunity Buyers, renters and vacationers all want to be close to the boardwalk and beach-and this location delivers. READY TO BUILD YOUR VISION? Whether you're a developer, investor or visionary business owner, this property has endless possibilities. Call today for more information or to schedule a private tour with the owner. WHY CAROLINA BEACH? *Booming real estate market with year-over-year growth *Heavy summer tourism + growing off-season rental market *Easy access to Wilmington, NC (20 minute away) *Supportive local government for redevelopment and investment *Maximum 50' building height *Demand for long term rentals for locals and remote workers seeking a coastal lifestyle *Property appreciation-Carolina beach has a history of strong property appreciation This charming coastal town has a blend of classic beach nostalgia and modern charm. From fireworks and live music on the boardwalk to parks and outdoor recreation, Carolina Beach offers a lifestyle that draws millions each year-and this property is right in the center of it all.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$497 USD /SF

# OF ROOMS

18

PRICE/ROOM

$219,444 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carolina Beach Motel

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

MX

APN/PARCEL ID

R09006-025-005-000,R09006-025-018-000

ASK ABOUT THIS PROPERTY

Ajay SinghColdwell Banker Sea Coast AdvantageMore Info
910-431-7481

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Ajay SinghColdwell Banker Sea Coast AdvantageMore Info
910-431-7481

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