213 Raleigh Avenue, Carolina Beach, NC 28428
$5,500,000
Property Type:
Comm Sale or Lease
Square Footage:
6,224
Lot Size (sq. ft.):
15,000
Status:
Active
Current Price:
$5,500,000
List Date:
3/12/2026
Last Modified:
3/24/2026
Overview
Description
Turnkey Investment Opportunity in the Heart of Carolina Beach. Rare opportunity to acquire the Carolina Beach 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. Listed $520,000 under appraised value, 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 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on-site, designated parking space on a partially paved lot, with the remaining portion recently graveled in place of an outdated pool to provide sufficient guest parking.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.
Listing Details MLS# 100559721
Contract Info
- Delayed Marketing?
- No
- Marketing Start Date
- 2026-03-12
- Garage
- N/A
- Sale/Lease
- Sale
- Listing Price
- 5500000
- List Price/SqFt
- 883.68
- 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
- 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
Building/Ext Features
- # of Parking Spaces
- 21
- # of Units
- 21
- Fireplace Y/N
- No
- Lot Acres
- 0.34
- Lot SqFt
- 15000
- Lot Dimensions
- 150x100
- Location Type
- Island
Business Type
- Hotel/Motel
- Yes
- Commercial
- Yes
Current Use
- Hotel/Motel
- Yes
C & I Features
- Fire Alarm
- Yes
- Fixtures/Furniture
- Yes
Construction
- Wood Frame
- Yes
Exterior Finish
- Stucco
- Yes
Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
Flooring
- LVT/LVP
- Yes
Fuel Tank
- Propane Above Ground
- Yes
Fuel Tank Ownership
- Leased
- Yes
Parking Features
- Off Street
- Yes
- On Site
- Yes
- Private
- Yes
Sale/Lease Includes
- Buildings
- Yes
- Business
- Yes
- Equipment
- Yes
- Fixtures
- Yes
- Furniture
- Yes
- Land
- Yes
Roof
- Composition
- Yes
- Shingle
- Yes
Road Type/Frontage
- Paved
- Yes
- Public (City/Cty/St)
- Yes
Cooling
- Other
- Yes
Heating
- Other
- Yes
Heating System Fuel Source
- Electric
- Yes
Water Heater
- Propane
- Yes
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
Listing Office:
Prosper Real Estate
IDX
Last Updated: March - 24 - 2026
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