313 Cedar St - Apartments FOR SALE


Beaufort, NC 28516
$2,700,000 USD
252-222-3222
313 Cedar St, Beaufort, NC for Sale
$2,700,000 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

313 Cedar St
Beaufort, NC 28516


HIGHLIGHTS

  • Turn-Key 16 Unit Executive Suite Motel
  • Historic Beaufort, NC
  • Excellent History, Opportunty to Increase Revenues

OVERVIEW

Investors & Entrepreneur's take note! $381,000 Gross Revenue in 2025! A special opportunity to own an operating (16) suite motel in historic downtown area of Beaufort, NC. Built in 2010, this 3-story property has been welcoming guests as they visit and enjoy the pristine waterways, worldclass diving, charming waterfront dining, and of course the Crystal Coast Beaches. This turn-key establishment is ready to go with solid booking history as it is offered going into the height of the tourism season. Each suite features a bedroom, bathroom, full kitchen, and covered entry. The ground level provides covered parking, & elevator access to levels 2 & 3. A well-designed covered patio on each level offers plenty of space to relax and enjoy the summer breeze or gather as a group for photos or some good social fun. The new owner will have the flexibility to continue to operate as is or put their own ideas and styles to work. Consider a Boutique Hotel or venue catering to larger groups looking to stay together. This property is located less than a block from the brand-new Margaritaville Hotel on the Beaufort Waterfront.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$331 USD /SF

# OF UNITS

16

PRICE/UNIT

$168,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beaufort Harbour Suites

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

R8

APN/PARCEL ID

7306.17.21.0648000

ASK ABOUT THIS PROPERTY

Matt JohnsonRE/MAX Ocean PropertiesMore Info
252-222-3222

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Matt JohnsonRE/MAX Ocean PropertiesMore Info
252-222-3222

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