Established Beach Motel Carolina Beach

Hospitality for Sale
Catylist Listing ID: 30610817
Property Subtypes: Bed & Breakfast, Hotel, Motel
Number of Units: 21 Units
Building Size (RSF): 6,848 SF
Gross Building Area: See Agent
Gross Land Area: 15,379 SF
Sale Price: $1,200,000
Unit Price: $57,142.86 Per Unit
Property Use Type: Investment, Business
Building Name: Dry Dock Motel
Name of Establishment: Dry Dock Motel
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/8/2020

Overview / Comments

Rare Opportunity to Own an Established Motel in the developing Carolina Beach. Family owned Motel for over 30 years is Minutes Away from the new Carolina Beach Boardwalk, Restaurants, Carolina Beach Lake, and couple blocks away from the Ocean. This Motel has been in business for many years and they have established themselves as one of the premier mom and pop motels in Carolina Beach with loyal customers because of their clean rooms, great location, and family oriented customer service. This 21 room motel consists of amazing renovated rooms, great outdoor pool, and common areas for families to enjoy. If you have always dreamed of owning your own mom and pop motel don't miss this opportunity. cl

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover County
Tax ID/APN: R09006-041-007-000
Zoning: MX
Retail Clientele: Family, Business, Traveler, Tourist
Property Located Between: Carolina Beach lake
Largest Nearby Street: S Lake Park Blvd
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1975
Year Renovated: 1985
Total Parking Spaces: 24
Parking Type: Surface
Zoning Description: MX Zoning Commercial Land Use Code 701- Hotel
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: LTS 1/2 PT LT 3 BLK 50

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,785 10,558 16,413
Median Age: 43.01 46.84 45.65
Households: 1,255 4,726 7,169
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