1621 Lake Park Boulevard S, Carolina Beach, NC 28428
$5,000,000
Property Type:
Comm Sale or Lease
Square Footage:
11,668
Lot Size (sq. ft.):
23,566
Status:
Closed
Current Price:
$5,000,000
List Date:
2/08/2022
Last Modified:
6/14/2022
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.
More Information MLS# 100304803
Contract Info
Sub-Type: Improved
Garage: N/A
Space: Yes
Sale/Lease: Sale
Auction: No
List Price/SqFt: 449.95
Stipulation of Sale: Standard
Status: Closed
Marketing Start Date: 2021-12-16
Listing Price: 5250000
Current Price: $5,000,000
Location Information
City Limits: Yes
Marketing City: Carolina Beach
Secondary Subdivision: N/A
Street #: 1621
Street Name: Lake Park
Street Suffix: Boulevard
Post Direction: S
County: New Hanover
State/Province: NC
Zip Code: 28428
Subdivision: Wilmington Beach
Geo Lat: 34.014215
Geo Lon: -77.900007
Remarks and Showing
Sign on Property: No
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.
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
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
Plat Book: 0
Plat Page: 0
Total Real Estate Property Taxes: 14075.2
Special Assessments: None
Tax Year: 2020
Zoning: MF
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
Year Built: 1972
Business Type
Hotel/Motel: 1
Miscellaneous
Ceiling Height: 8
Current Use: Motel
HOA and Neigh Amenities
See Remarks: 1
Attic
No Access: 1
Basement
None: 1
C & I Features
Fixtures/Furniture: 1
Reception Area: 1
Frontage Type
Oceanfront: 1
View Type
Ocean: 1
Construction
Brick/Stone: 1
Wood Frame: 1
Current Service Providers
Electric Provider: Duke Progress Energy
Sewer Provider: Cape Fear Public Utility Authority
Water Provider: Cape Fear Public Utility Authority
Exterior Finish
Brick Veneer: 1
Vinyl Siding: 1
See Remarks: 1
Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Foundation
Raised: 1
Slab: 1
Flooring
Carpet: 1
Laminate: 1
Vinyl: 1
Fuel Tank
None: 1
Green Bldg Features
None: 1
Parking Features
Lighted: 1
Off Street: 1
On Site: 1
Paved: 1
Sale/Lease Includes
Buildings: 1
Business: 1
Equipment: 1
Fixtures: 1
Furniture: 1
Land: 1
Roof
Metal: 1
Lot Description
Other: 1
Road Type/Frontage
2 - 3 Lanes: 1
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
Cooling
Wall/Window Unit(s): 1
Location
See Remarks: 1
Heating
Other: 1
Water Heater
Electric: 1
Utilities
Water Available: 1
Water Source
Municipal Water: 1
Sewer
Municipal Sewer: 1
Financial Info
Financial Info: Yes
Lease Types
See Remarks: 1
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
Listing Office:
Intracoastal Realty Corp
IDX
Last Updated: June - 14 - 2022
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