Carolina Beach, NC 28428,12 Pavilion AVE N
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$ 750,000
Est. payment | /mo

1,537 SqFt


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$ 750,000
Est. payment | /mo
Save

1,537 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,537 sqft

Price per Sqft $487

MLS Listing ID 100524938

Year Built 1950

Annual Tax Amount $3,608

Lot Size 1,742 Sqft

Acres 0.04

Lot Dimensions approx 67x25

Source Hive MLS

Property Description

Carolina Beach boardwalk property. Currently vacant. This property is .04 of an acre or 1,742 sf. The building is approximately 1342 +/- sf.

The property line is slightly outside the existing structure meaning you can add some square footage in a redevelopment of the property. The current usable square footage is 1,342 (please see attached flyers and documents for layouts). The sellers have some renderings of potential two- and three-story designs for a redevelopment.

For existing uses please see the link to the Town of Carolina Beaches zoning ordinance to see what the current Central Business District allows.

Short term business operation or renovate and make this a mixed-use three-story building with ocean views. Potential is only as endless as the town's ordinances.

The property was previously tenanted, and that tenant vacated at the end of the lease term. Seller may entertain a long-term lease for the property. However, the primary goal is to sell the asset.

There are no owners' dues or association fees for the property on the board walk.

Location

State NC

County New Hanover

Community Other

Zoning CBD

Direction Driving south from Wilmington on Carolina Beach Rd (Hwy 421), cross the Snow's Cut bridge and continue on N Lake Park Blvd to Harper Ave, turn left. At traffic light at Canal Street, turn right and park. Property is along boardwalk area, one block from parking at Carolina Beach Ave N.

Interior

Heating Electric

Building

New Construction No

Others

Tax ID R09006-008-001-000

Hive MLS / (NCRMLS) / Cape Fear Realtors
Listed by Eastern Carolinas Commercial Real Estate
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12 Pavilion AVE N