1621 Lake Park Boulevard S, Carolina Beach, NC 28428

$5,000,000

1621 Lake Park Boulevard S
Carolina Beach, NC 28428
MLS# 100304803
Status: Closed
11668 sqft

1 / 63

Property 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.

Details

Maps

Contract Info

Status: Closed

Marketing Start Date: 2021-12-16

Sub-Type: Improved

Garage: N/A

Space: Yes

Sale/Lease: Sale

Auction: No

Listing Price: 5250000

Current Price: $5,000,000

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

Geo Lat: 34.014215

Geo Lon: -77.900007

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

Status Change Info

Under Contract Date: 2022-03-11

Sold Price: $5,000,000

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

Listing Office: Intracoastal Realty Corporation

Last Updated: June - 14 - 2022

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

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