Carolina Beach Boardwalk - Bar/Restuarant

Retail-Commercial for Sale
Catylist Listing ID: 30178061
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 4,394 SF
Gross Land Area: 4,720 SF
Sale Price: $845,000
Unit Price: $192.31 PSF
Property Use Type: Vacant/Owner-User
Building Name: Shelby Jean's (Formerly)Rare
Usable Size (USF): 4,394 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/12/2021

Overview / Comments

Prime Boardwalk Space - Rare Opportunity to own a bar/restaurant only steps to the beach. This property is located only a few doors down from Britt's Donuts, in between the Hampton Inn & Marriott hotels. The new Carolina Beach boardwalk is beautiful! It is one of the few boardwalks in North Carolina and is a great family attraction. The business environment continues improve as Carolina Beach grows and the quality of life improves in the area. This property also includes "at no extra cost" a 360 sq ft open dining porch, the potential for outside boardwalk seating and unfinished second floor storage space with high ceilings. Bar/Restaurant equipment & furnishings are negotiable.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: Carolina Beach
Tax ID/APN: R09006-010-003-000
Zoning: CB
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Cape Fear Blvd & Harper Ave
Property Visibility: Excellent
Largest Nearby Street: Lake Park Blvd
Feet of Frontage: 59
Highway Access: N/A
Airports: Wilmington International Airport
Site Description: Carolina Beach Boardwalk, Free Standing building in the center of the Central Business District
Area Description: Carolina Beach Boardwalk, Free Standing building in the center of the Central Business District
Number of Stories: 2
Property Condition: Good
Year Built: 1942
Year Renovated: 2015
Roof Type: Flat
Construction/Siding: Block
Parking Type: Other
Parking Description: Public Parking lots are in the area. Many potential customers rent nearby vascation rentals or live nearby and walk or ride bikes to the property. Others park in public parking areas while visiting the beach.
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable, Other
Interior Description: Upfitted as bar/restuarant
Zoning Description: CB - Central Business District
In Flood Plain?: Yes
Lot Frontage: 59
Lot Depth: 80
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Paradise Island VII, LLC
Legal Description: Lots 39/40 Part 33 Carolina Beach

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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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