213 Cape Fear Boulevard

Carolina Beach, NC 28428

Carolina Beach Motel For Sale/ or RARE REDEVELOPMENT OPPORTUNITY WITH OWNER FINANCING AVAILABLE - CAROLINA BEACH, NC Carolina Beach recently approved a new Commercial Transition (CT) zoning district along Cape Fear Boulevard, creating exciting new development opportunities in one of the area's most desirable coastal markets. The new zoning allows for up to 29 residential units per acre, compared with approximately 17 units per acre under the previous Mixed-Use zoning, significantly increasing the development potential of qualifying properties. We currently have four contiguous lots with a preliminary concept plan illustrating the potential for a high-end mixed-use development featuring: Ground-floor retail and commercial space Luxury residential condominiums On-site swimming pool and amenities Mixed-use coastal design Located just a few blocks from the beach and Carolina Beach Boardwalk With increased residential density and the continued growth of Carolina Beach, this presents an excellent opportunity for an investor or developer looking to capitalize on the area's long-term potential. Preliminary site plan attached illustrating one potential development concept for all four lots. All development concepts, densities, and uses are subject to final governmental approvals, engineering, site-plan approval, and applicable development regulations. Located in the heart of one of the East Coast's fastest growing beach towns, this mixed-use property is your gateway to a high ROI redevelopment project just steps from the ocean FLEXIBLE OWNER FINANCING OPTIONS You don't need a bank. We are making it easy for visionary developers and investors. *Only 20% down *Competitive interest rates *Avoid restrictive conditions compared to traditional financing ABOUT THIS PROPERTY This property consists of a total of 4 lots. 3 of the lots are located at 213 Cape Fear Blvd and includes a 2 story 18 room motel and a house with an office and an apartment. The 4th lot connects to the back of the motel and is addressed at 218 Charlotte Ave. This is a vacant lot and is deeded separate from the other 3 lots. 150 Feet of Road Frontage on Cape Fear Blvd and 50 Feet Frontage on Charlotte Ave. UNMATCHED LOCATION This is your opportunity to invest in one of the most sought-after areas on the Carolina coast. Located just a few blocks from the historic boardwalk, restaurants, shops, entertainment and the beautiful Atlantic Ocean. The flexible mixed-use zoning makes it ideal for a variety of redevelopment uses. Beach-close properties in this zone are becoming increasingly rare-don't miss this opportunity Buyers, renters and vacationers all want to be close to the boardwalk and beach-and this location delivers. READY TO BUILD YOUR VISION? Whether you're a developer, investor or visionary business owner, this property has endless possibilities. Call today for more information or to schedule a private tour with the owner. WHY CAROLINA BEACH? *Booming real estate market with year-over-year growth *Heavy summer tourism + growing off-season rental market *Easy access to Wilmington, NC (20 minute away) *Supportive local government for redevelopment and investment *Maximum 50' building height *Demand for long term rentals for locals and remote workers seeking a coastal lifestyle *Property appreciation-Carolina beach has a history of strong property appreciation This charming coastal town has a blend of classic beach nostalgia and modern charm. From fireworks and live music on the boardwalk to parks and outdoor recreation, Carolina Beach offers a lifestyle that draws millions each year-and this property is right in the center of it all.

Listing courtesy of Ajay Singh of Coldwell Banker Sea Coast Advantage-CB



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