1621 Lake Park Boulevard S, Carolina Beach, NC 28428
$5,000,000
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
- Plat Book
- No
- Plat Page
- No
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
Building/Ext Features
- # of Parking Spaces
- 24
- # of Units
- 28
- Lot Acres
- 0.54
- Lot SqFt
- 23566
- Lot Dimensions
- 150 x200
- SqFt - Total Available
- 11668
- Location Type
- Island
Business Type
- Hotel/Motel
- Yes
HOA and Neigh Amenities
- See Remarks
- Yes
Attic
- No Access
- Yes
Basement
- None
- Yes
C & I Features
- Fixtures/Furniture
- Yes
- Reception Area
- Yes
Frontage Type
- Oceanfront
- Yes
View Type
- Ocean
- Yes
Construction
- Brick/Stone
- Yes
- Wood Frame
- Yes
Exterior Finish
- Brick Veneer
- Yes
- Vinyl Siding
- Yes
- See Remarks
- Yes
Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
Foundation
- Raised
- Yes
- Slab
- Yes
Flooring
- Carpet
- Yes
- Laminate
- Yes
- Vinyl
- Yes
Fuel Tank
- None
- Yes
Green Bldg Features
- None
- Yes
Parking Features
- Lighted
- Yes
- Off Street
- Yes
- On Site
- Yes
- Paved
- Yes
Sale/Lease Includes
- Buildings
- Yes
- Business
- Yes
- Equipment
- Yes
- Fixtures
- Yes
- Furniture
- Yes
- Land
- Yes
Roof
- Metal
- Yes
Lot Description
- Other
- Yes
Road Type/Frontage
- 2 - 3 Lanes
- Yes
Road/Trans Access
- Airport
- 16+ Miles
- County Highway
- Less than 5 Miles
- Interstate
- 6 - 10 Miles
- Port
- 6 - 10 Miles
- Rail
- 11 - 15 Miles
- State Highway
- Less than 5 Miles
Cooling
- Wall/Window Unit(s)
- Yes
Location
- See Remarks
- Yes
Heating
- Other
- Yes
Water Heater
- Electric
- Yes
Utilities
- Water Available
- Yes
Water Source
- Municipal Water
- Yes
Sewer
- Municipal Sewer
- Yes
Lease Types
- See Remarks
- 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
Listing Office:
Intracoastal Realty Corp
IDX
Last Updated: June - 14 - 2022
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