Hospitality, Restaurant, Retail, Mixed Use

Vacant Land for Sale
Catylist Listing ID: 30648401
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Vacation/Resort
Gross Land Area: 0.72 Acres
Sale Price: $2,750,000
Unit Price: $3,819,444 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/24/2021

Overview / Comments

VALUE IS IN THE LAND! Great OPPORTUNITY in Central Business District of Carolina Beach! High visibility in busy car and foot traffic area - only 2 Blocks to the Beach. Aggregate Sale of 4 Parcels - 205 , 207 and 209 N Lake Park Blvd and 204 Harper Ave. Pleasure Island Chamber of Commerce states that approx. 10,000 to 12,000 visitors are here every weekend from late May to mid-September every year. Carolina Beach has become a year-round vacation destination and desirable location for permanent residences. 205. 207 and 209 N Lake Park Blvd are CBD zoning. Adjacet lot on west side - 204 Harper Ave - is zoned Mixed Use. The existing buildings on 205 and 207 N Lake Park need remodeling and brought up to date. 204 Harper Ave is NOT in decent condition and should be demolished. The interior of this building cannot be shown! Contact Listing Agent for Carolina Beach Zoning Code of Ordinances.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: Town of Carolina Beach
Tax ID/APN: R09006002009000, R09006002010000, R09006002011000, R09006002006000
Property Located Between: N Lake Park Blvd and Harper Ave
Property Visibility: Excellent
Legal Description: 66 5 PT 6 CAR BCH, CAROLINA BEACH, 66 3 + S 18 FT LOT 2 CAR and 66 PT 7 CAR BCH
Largest Nearby Street: N Lake Park Blvd
Highway Access: 168' road frontage on N Lake Park Blvd (Hwy 421 S)
Airports: ILM - 18 miles north
Site Description: 4 Lots - 3 Lots on N Lake Park Blvd (168' on N LAKE PARK BLVD) & 1 Lot on Harper Ave (85' on HARPER AVE) - all lots are contiguous. All level lots.
Area Description: Bustling Central Business District of Carolina Beach. Tremendous recent growth of commercial activity - new oceanfront Hampton Inn, new Publix shopping center and recently revamped Boardwalk overooking the Beach.
Lot Frontage: 168' on N Lake Park Blvd and 85' on Harper Avenue
Lot Depth: Ranges from 121' to 152'
Zoning Description: 3 Lots on N Lake Park Blvdd - CBD Central Business District 1 Lot on Harper Avenue (adjoins 3 other lots on east side) - Mixed Use
In Flood Plain?: Yes
Topography: Level
Soil Type: Sandy
Available Utilities: Electric, Water, Sewer, Storm Drain, Cable, Broadband, Internet Access
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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