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


$5,000,000
1621 Lake Park Boulevard S
Carolina Beach, NC 28428
MLS# 100304803
Status: Closed
11668 sqft


1621 Lake Park Boulevard S, Carolina Beach, NC 28428
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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
Maps
Contract Info
Status: Closed
Effective Date: 2021-12-16
Delayed Marketing Date (DM): 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
Sub Agent Comm $/%: %
Buyer Agent Comm: 3
Buyer Agent Comm $/%: %
Variable Comm: No
Stipulation of Sale: None
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
Building/Ext Features
# of Parking Spaces: 24
# of Units: 28
Lot Acres: 0.54
Lot SqFt: 23566
Lot Dimensions: 150 x200
SqFt - Total Available: 11668
SqFt - Heated (Primary): 11668
Location Type: Island
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
Road/Trans Access
Airport: 16+ Miles
County Highway: Less than 5 Miles
Interstate: 6 - 10 Miles
Port: 6 - 10 Miles
Rail: 11 - 15 Miles
State Highway: Less than 5 Miles
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
Sub-Type: Hotel/Motel
HOA and Neigh Amenities: See Remarks
Attic: No Access
Basement: None
C & I Features: Fixtures/Furniture; Reception Area
Frontage Type: Ocean Front
View Type: Ocean View
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
Sale/Lease Includes: Buildings; Business; Equipment; Fixtures; Furniture; Land
Parking Features: Lighted; Off Street; On Site; Paved
Road Type/Frontage: 2 - 3 Lanes
Roof: Metal
Lot Description: See Others
Location: See Remarks
Cooling: Wall/Window Unit(s)
Heating: Other-See Remarks
Water Heater: Electric
Utilities: Municipal Sewer; Municipal Water
Terms: 1031 Exchange; Cash; Conventional
Lease Types: See Remarks

Listing Office: Intracoastal Realty Corp

Last Updated: June - 14 - 2022

1621 Lake Park Boulevard S, Carolina Beach, NC 28428 - MLS# 100304803
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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