1621 Lake Park Boulevard S, Carolina Beach, NC 28428 (MLS# 100304803)

1621 Lake Park Boulevard S, Carolina Beach, NC 28428

$5,000,000

Virtual Tour

http://sites.uniquemediadesign.com/1621southlakeparkboulevard?mls

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Property Type: Comm Sale or Lease Square Footage: 11,668 Lot Size (sq. ft.): 23,566 Status: Closed

Current Price: $5,000,000 List Date: 2/08/2022 Last Modified: 6/14/2022

Overview

Description

Iconic Oceaneer Motel located ocean front in Carolina Beach. This Motel has 28 units that consist of a mix of hotels style rooms, efficiency and one, two and three bedroom apartments. This .56 acre parcel is zoned multi-family and has 150 feet of street and beach frontage. Parking lot and Pool area all add to the property's operation. This is a great opportunity to step into a successful business or an opportunity to redeveloped.

Listing Details MLS# 100304803

Contract Info

Marketing Start Date: 2021-12-16
Sub-Type: Improved
Garage: N/A
Space: Yes
Sale/Lease: Sale
Auction: No
Listing Price: 5250000
List Price/SqFt: 449.95
Stipulation of Sale: Standard

Location Information

Street #: 1621
Street Name: Lake Park
Street Suffix: Boulevard
Post Direction: S
County: New Hanover
State/Province: NC
Zip Code: 28428
City Limits: Yes
Marketing City: Carolina Beach
Subdivision: Wilmington Beach
Secondary Subdivision: N/A

Remarks and Showing

Directions to Property: Take 421 toward Carolina Beach. Continue following until it turns into Lake Park Blvd S. Property is in the 1600 block of Lake Park on the oceanside.
Sign on Property: No

Building Info

New Construction: No

BuildingExt Features

SqFt - Heated (Primary): 11668

Legal and Taxes

Tax Assessed Value: 1759400
Deed Book: 5972
Deed Page: 2082
Legal: Lot 1-3, 20-22 Blk 2 Wilmington Beach
Broker Owner: No
PID: R09206-001-001-000
Tax Identifier: R09206-001-001-000
Total Real Estate Property Taxes: 14075.2
Special Assessments: None
Tax Year: 2020
Year Built: 1972
Zoning: MF
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: Yes

More Information

Status Change Info

Under Contract Date: 2022-03-11
Sold Date: 2022-06-14

Miscellaneous

Ceiling Height: 8
Current Use: Motel

Current Service Providers

Electric Provider: Duke Progress Energy
Sewer Provider: Cape Fear Public Utility Authority
Water Provider: Cape Fear Public Utility Authority

Financial Info

Financial Info: Yes

Property Features

Business Type: Hotel/Motel HOA and Neigh Amenities: See Remarks Attic: No Access Basement: None Frontage Type: Oceanfront View Type: Ocean Construction: Brick/Stone; Wood Frame Exterior Finish: Brick Veneer; Vinyl Siding; See Remarks Flooring: Carpet; Laminate; Vinyl Foundation: Raised; Slab Fuel Tank: None Green Bldg Features: None Parking Features: Lighted; Off Street; On Site; Paved Roof: Metal Lot Description: Other Location: See Remarks Cooling: Wall/Window Unit(s) Heating: Other Water Heater: Electric Utilities: Water Available Sewer: Municipal Sewer Water Source: Municipal Water Terms: 1031 Exchange; Cash; Conventional Lease Types: See Remarks

IDX

Listing Office: Intracoastal Realty Corporation

Last Updated: June - 14 - 2022

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