213 Cape Fear BlvdCarolina Beach, NC 28428

This exceptional investment opportunity presents a 19-key motel located at 213 Cape Fear Blvd, Carolina Beach, NC 28428. The property, built in 1960 and renovated in 2012, sits on a 0.57-acre lot in New Hanover County and offers significant potential. The two-story, two-building motel currently operates as a profitable hospitality business, boasting 16 parking spaces for guests. However, its strategic location within a Mixed Use Transitional District unlocks exciting possibilities for future development. This zoning allows for a blend of residential and small-scale commercial uses, presenting a unique chance to expand the existing motel or explore alternative development projects. The property's prime location in Carolina Beach offers easy access to the town's attractions and amenities, ensuring strong occupancy rates and potential for increased revenue. The asking price for this turnkey operation is $4,500,000. This is a rare chance to acquire a profitable existing business with substantial upside potential in a desirable coastal location. The property's versatility and zoning make it an attractive investment for both seasoned hospitality operators and developers seeking a coastal development project.