Carolina Beach Pier, Bar, Restaurant, Event Space

Special Purpose for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30756930
Building Size (RSF): 3,267 SF
Gross Building Area: See Agent
Sale Price: $2,700,000
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Last Updated: 8/28/2021

Overview / Comments

Presenting for sale the iconic Carolina Beach Pier, encompassing the pier house, pier and pay parking situated on +/- 1.7 acres of oceanfront land. Capitalizing on Pleasure Island's best sunrise to sunset views from Masonboro and Carolina Beach Inlet to the north to past Fort Fisher to the south, this offering provides one of the most unique opportunities in Southeastern North Carolina.

The current main profit centers are High Tide Lounge, Low Tide Tiki Bar, Pier Grill and paid parking for over 100 vehicles. The subject carries full ABC permits including a rare carryout alcoholic beverage permit. Family ran for generations, the income is currently heavily cash based. Known as a destination for locals and tourists alike, Carolina Beach Pier enjoys strong sales volumes through shoulder and peak tourist seasons as well as steady volume through the offseason.

Many opportunities for repositioning and value-add exist through strengthening management and personnel structures, expanding and elevating menu options, adding event and wedding rentals, film industry location, etc.

The pier house underwent renovations and updates in 2018-2020 including a new roof, new HVAC, fresh interior and exterior paint, new hood in the commercial kitchen and refinished floors.

Priced under tax value, this offering provides immediate cashflow and is positioned for increasing profits through multiple avenues

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R08807-013-006-000
Zoning: R-1 WITH CONDITIONAL USE PERMIT
Property Located Between: The Intracoastal Waterway and the Atlantic Ocean
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1998
Year Renovated: 2020
Roof Type: Gable
Construction/Siding: Wood Frame, Wood Siding
Parking Type: Surface
Parking Description: Sand lot
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,284 14,401 23,942
Median Age: 47.9 44.54 43.01
Households: 643 6,235 10,179

Contact

Photograph of Listing Agent

Eric Knight

Nest Realty NCCMLS Member
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