213 Raleigh Avenue, Carolina Beach, NC 28428 (MLS# 100559721)

213 Raleigh Avenue, Carolina Beach, NC 28428

$4,750,000

Property Type: Comm Sale or Lease Square Footage: 6,224 Lot Size (sq. ft.): 15,000 Status: Active

Current Price: $4,750,000 List Date: 3/12/2026 Last Modified: 8/20/2026

Overview

Description

Turnkey investment motel in the Heart of Carolina Beach. Rare opportunity to acquire the Carolina Beach Motel, formerly known as Cole's Motel, a fully renovated 21-unit motel located less than 1,500 feet from the beach and within walking distance to restaurants, shops, and the CB Boardwalk. The property sits on three 50x100 lots and operates as a pet-friendly, self-check-in motel with no on-site front office, allowing for efficient management and reduced overhead. The property is being sold fully furnished with all operational assets and the established business. The motel features 21 units with private bathrooms, offering several room types to accommodate a range of guests. 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 plum ... (Read more) Turnkey investment motel in the Heart of Carolina Beach. Rare opportunity to acquire the Carolina Beach Motel, formerly known as Cole's Motel, a fully renovated 21-unit motel located less than 1,500 feet from the beach and within walking distance to restaurants, shops, and the CB Boardwalk. The property sits on three 50x100 lots and operates as a pet-friendly, self-check-in motel with no on-site front office, allowing for efficient management and reduced overhead. The property is being sold fully furnished with all operational assets and the established business. The motel features 21 units with private bathrooms, offering several room types to accommodate a range of guests. 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 each room. Additional improvements include a high-tech hardwired and monitored fire alarm system, security camera system, new wood railings and porch 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 recently reopened last year and currently operates across Airbnb, Expedia, Booking.com, and direct booking website, utilizing smart locks and remote guest communication. 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.

Listing Details MLS# 100559721

Contract Info

Delayed Marketing?: No
Marketing Start Date: 2026-03-12
Garage: N/A
Sale/Lease: Sale
Listing Price: 4750000
List Price/SqFt: 763.17
Stipulation of Sale: Standard

Location Information

Street #: 213
Street Name: Raleigh
Street Suffix: Avenue
County: New Hanover
State/Province: NC
Zip Code: 28428
City Limits: Yes
Marketing City: Carolina Beach
Subdivision: Heart of Carolina Beach
Secondary Subdivision: N/A

Remarks and Showing

Directions to Property: Heading South down Lake Park Blvd, take a right onto Raleigh Ave. Property is on the left.
Sign on Property: No

Building Info

New Construction: No

BuildingExt Features

SqFt - Heated (Primary): 6224

Legal and Taxes

Tax Assessed Value: 2689000
Deed Book: 6594
Deed Page: 298
Legal: LOT 15/16/17 BLK 46 CAROLINA BEACH
Broker Owner: No
PID: R09006-019-013-000
Tax Identifier: R09006-019-013-000
Plat Book: 2
Plat Page: Yes
Special Assessments: None
Tax Year: 2025
Year Built: 1955
Zoning: MX
Cobra Zone: No

More Information

Current Service Providers

Trash Provider: GFL Environmental
Electric Provider: Duke Energy
Internet Service Provider(s): Spectrum
Sewer Provider: City/Town
Water Provider: City/Town

Financial Info

Financial Info: No

Property Features

Business Type: Hotel/Motel; Commercial Construction: Wood Frame Exterior Finish: Stucco Flooring: LVT/LVP Fuel Tank: Propane Above Ground Fuel Tank Ownership: Leased Parking Features: Off Street; On Site; Private Roof: Composition; Shingle Current Use: Hotel/Motel Cooling: Other Heating: Other Heating System Fuel Source: Electric Water Heater: Propane Terms: 1031 Exchange; Cash; Conventional

IDX

Listing Office: Prosper Real Estate

Last Updated: August - 20 - 2026

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