Carolina Beach, NC Retail Property For Sale

Presenting 12 Pavilion Avenue, positioned on the oceanfront side of the iconic Carolina Beach Boardwalk in the Central Business District of Carolina Beach. The Subject consists of a 1,342sf clear-span block construction retail building positioned on a +/- 1,548sf corner lot. The location enjoys abundant foot traffic throughout the peak tourist season and extended shoulder seasons.

CBD zoning allows for a wide variety of uses, favorable zero lot line building setbacks and 50’ maximum building heights, which positions the Subject for vertical additions or complete redevelopment. The Sellers have conducted two concept plans for vertical additions—one adding an additional floor to include a rooftop deck and bar, the other adding two additional floors including the rooftop deck and bar. The Sellers have performed structural work in accordance with engineered plans to ensure the building can support such vertical additions.

The Subject is positioned between Carolina Beach’s newest hotels—the 100 room, 26 suite Hampton Inn & Suites and the 144 room, 18 suite Courtyard by Marriot Oceanfront. Including these hotels, the Subject is surrounded by over 500 hotel rooms and vacation rental homes within less than a mile radius. In addition, the Town enjoys a large number of year-round residents.

The Carolina Beach Boardwalk has been a famous destination for tourists and residents alike since its first iteration in 1887. The past decade has been extremely transformative for the Boardwalk, sparked by a complete renovation and extension beginning in 2013 then followed by the construction of the Courtyard by Marriot and the Hampton Inn & Suites at either end. In addition to the diverse business mix, locals and tourists enjoy festivals, outdoor music, weekend fireworks and carnival attractions throughout a majority of the year. The area continues to experience robust investment, further elevating the area’s income and net worth demographics and spurring continued development.

Do not disturb tenant.

Coastal Carolina Oceanfront Restaurant and Real Estate for Sale with a total of $4,000+/- square foot. The seating capacity is for 144 patrons inside and out. This property is located on the Boardwalk with indoor dining on 1st and 2nd floor, with a covered bar on the 2nd floor overlooking the Atlantic Ocean. This price is for the Real Estate only at $1,500,000. The restaurant business is for sale by a separate agreement. The prospective buyer can only purchase the real estate with the business.

Financials are available with signed agreement and a proof of funds from a lending institution.

If you want to be located on one of the best locations at Carolina Beach, this property can be used for multiple business endeavors. Currently rental, and Smoothie Shop. Corner lot, in heart of the city. Location is the best if you are looking for great exposure.

Owner financing is possible.