Wanda Inn and Beach Cottage

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30798306
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 15 Units
Building Size (RSF): 3,744 SF
Gross Building Area: See Agent
Gross Land Area: 0.28 SF
Sale Price: $1,500,000
Unit Price: $100,000 Per Unit
Property Use Type: Investment
Building Name: Includes Wanda Inn, separate Beach Cottage, and 2 vacant lots
Usable Size (USF): 3,744 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/20/2022

Overview / Comments

Offering includes the following 4 tax parcels
4 Lake Park Blvd N - Wanda Inn - 13 guest rooms - R09006-020-002-000
109 Raleigh Ave - Cottage with 2 guest rooms plus parking - R09006-020-014-000
107 Raleigh Ave - adjacent parking lot for parking - R09006-020-013-000
114 Cape Fear Blvd - adjacent vacant lot used for courtyard - R09006-020-005-000

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: Town of Carolina Beach
Tax ID/APN: R09006-020-002-000 plus 3 other parcels listed below
Zoning: CBD
Property Located Between: Harper Ave and Cape Fear Blvd
Total Number of Buildings: 2
Property Condition: Average
Number of Stories: 2
Parking Type: Surface
Parking Description: large vacant lot included in offering allows for plenty of parking for Wanda Inn and the guest rooms in beach cottage.
Zoning Description: CBD, Central Business District.(1)Purpose. This district is established to accommodate, protect, rehabilitate and maintain the traditional central business district and boardwalk area of the Town. This area accommodates a wide variety of pedestrian oriented, commercial and service activities, including retail, business, office, professional financial, entertainment, and tourism.(2)Intent. The regulations of this district are intended to encourage the use of land for concentrated development of permitted uses while maintaining a substantial relationship between land uses and the capacity of the Town's infrastructure. Developments which would significantly disrupt the historic balance between pedestrians and automobiles within the district, thereby destroying the pedestrian-oriented nature of the area, are specifically discouraged. Large, off-street parking areas are encouraged to locate outside the district. Similarly, buildings and structures should have pedestrian-oriented activities at ground level.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,785 11,122 16,413
Median Age: 43.01 46.76 45.65
Households: 1,255 5,022 7,169
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