1621 Lake Park Boulevard S Carolina Beach, NC 28428 MLS# 100304803 Status: Closed 11668 sqft
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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
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
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
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
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
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
BuildingExt Features
SqFt - Heated (Primary): 11668
Status Change Info
Under Contract Date: 2022-03-11
Sold Price: $5,000,000
Sold Date: 2022-06-14
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
IDX
Listing Office: Intracoastal Realty Corporation
Last Updated: June - 14 - 2022
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