1800 Carolina Beach Avenue N, Carolina Beach, NC 28428
$2,225,000
Property Type:
Comm Sale or Lease
Square Footage:
3,267
Lot Size (sq. ft.):
74,052
Status:
Closed
Current Price:
$2,225,000
List Date:
8/26/2021
Last Modified:
4/14/2022
Description
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 below tax value, this offering provides immediate cashflow and is positioned for increasing profits through multiple avenues
More Information MLS# 100287871
Contract Info
Status: Closed
Delayed Marketing?: No
Marketing Start Date: 2021-08-24
Sub-Type: Improved
Sale/Lease: Sale
Auction: No
Listing Price: 2700000
Current Price: $2,225,000
List Price/SqFt: 826.45
Stipulation of Sale: Standard
Location Information
Street #: 1800
Street Name: Carolina Beach
Street Suffix: Avenue
Post Direction: N
County: New Hanover
State/Province: NC
Zip Code: 28428
City Limits: Yes
Marketing City: Carolina Beach
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 34.057097
Geo Lon: -77.881332
Remarks and Showing
Directions to Property: 421 S to Left on Carl Winner Dr, Left on Canal Dr, Right on Salt Marsh Ln, property on Left
Sign on Property: No
Building Info
New Construction: No
BuildingExt Features
SqFt - Heated (Primary): 3267
Legal and Taxes
Tax Assessed Value: 2744800
Deed Book: 2356
Deed Page: 712
Legal: Pt 1-6 Blk 217; Lts 1-6 Blk 216 Carolina Beach
Broker Owner: No
PID: R08807-013-006-000
Tax Identifier: R08807013006000
Special Assessments: None Known
Tax Year: 2021
Year Built: 1998
Zoning: R-1
HOA: No
Cobra Zone: No
Status Change Info
Under Contract Date: 2022-01-19
Sold Price: $2,225,000
Sold Date: 2022-04-14
Property Features
Frontage Type: Oceanfront
Construction: Wood Frame
Exterior Finish: Wood Siding
Flooring: Wood
Foundation: Pilings
Roof: Shingle
Lot Description: Oceanfront
Location: See Remarks
Cooling: Central Air
Heating: Forced Air
Heating System Fuel Source: Electric
Water Heater: Electric
Sewer: Community Sewer
Water Source: City Water
Terms: 1031 Exchange; Cash; SBA
Listing Office: Nest Realty
Last Updated: April - 14 - 2022
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