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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,224 sqft
Price per Sqft $883
Subdivision Heart Of Carolina Beach
MLS Listing ID 100559721
Style Wood Frame
Year Built 1955
Lot Size 0.344 Acres
Acres 0.34
Lot Dimensions 150x100
Source Hive MLS
Property Description
The property is being sold fully furnished and includes all operational assets and the established business. The motel features 21 units with private bathrooms, including efficiency rooms, double queen rooms, two-bedroom suites, and multiple suites with dining tables and pull-out couches, accommodating a range of guest types. All units are equipped with smart TVs, microwaves, mini or mid-size refrigerators, and Keurig coffee makers.
The property underwent an extensive renovation beginning in 2022 across all three buildings, including new insulation, drywall, replacement of most sub-joists, new subfloors, LVP flooring, updated plumbing and electrical systems including fixtures, tile bathrooms with new vanities, toilets, and walk-in showers, four water heaters, and mini-split HVAC systems in every room. Additional improvements include a high-tech hardwired and monitored fire alarm system, a security camera system, new wood railings and privacy walls, and landscaping throughout the property. Each unit has an on-site, designated parking space on a partially paved lot, with the remaining portion recently graveled in place of an outdated pool to provide sufficient guest parking.
Operational infrastructure includes a housekeeping supply room with a new mop and hand sink, as well as a designated laundry area in the main building with washer and dryer hookups ready for installation. The motel reopened last year and currently operates across Airbnb, Expedia, Booking.com, and a direct booking website, utilizing smart locks and remote guest communication. Existing management is willing to remain in place for one year to handle reservations, guest communication, housekeeping, maintenance, and daily operations, providing a smooth transition for new ownership. Visit the Carolina Beach Motel's website to explore the property, room types, and additional photos, then schedule a private showing to experience it in person.
Location
State NC
County New Hanover
Community Heart Of Carolina Beach
Zoning MX
Direction Heading South down Lake Park Blvd, take a right onto Raleigh Ave. Property is on the left.
Location Details Island
Interior
Heating Other, Electric
Cooling Other
Flooring LVT/LVP
Exterior
Parking Features Private, Off Street, On Site
Roof Type Composition,Shingle
Building
New Construction No
Others
Tax ID R09006-019-013-000
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Standard
Nearby Locations
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