Beach Motel In Heart of Carolina Beach Boardwalk

Hospitality for Sale
Catylist Listing ID: 30265730
Property Subtypes: Bed & Breakfast, Hotel, Inn, Motel, Vacation Rental(s)
Number of Units: 20 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 0.34 Acres
Sale Price: $1,050,000
Unit Price: $52,500 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Name of Establishment: Coles Motel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/18/2019

Overview / Comments

Investor Special! This well Established 20 room Motel sits on 3 lots in the Heart of Carolina Beach business district. Great value in the land with Mixed Use Zoning! Walking Distance to Brand-new Boardwalk and the Beach. This Motel consists of 20 rooms and additional living quarters with one bedroom and living room and kitchen! On-site rental office. Motel has a concrete pool which has been recently painted and maintained! Parking on site! All units are maintained and furnished and there is a on-site commercial laundry room for tenant use! Confidentiality Agreement is required for the Release of financial information.Please Call Listing Agent for more Details!

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover
Tax ID/APN: R09006-019-011-000 R09006-019-012-000 R09006-019-013-000
Zoning: MX-MX
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Carolina Beach Business District
Property Visibility: Good
Largest Nearby Street: North Lake Park Blvd
Airports: ILM
Nearby Attractions: Carolina Beach Boardwalk
Total Number of Buildings: 3
Property Condition: Average
Water Recreation: Outdoor Pool
Parking Type: Surface
Parking Description: on site
Air Conditioning: Window Unit
Zoning Description: MX
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: owned
Legal Description: LT 17 BLK 46 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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