$633.38 Per Sq Foot $4,434 est/mo Sourced by Back At You

12 Pavilion Avenue,Carolina Beach, NC 28428

Carolina Beach NC, 28428

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Description

Presenting 12 Pavilion Avenue, positioned on the oceanfront side of the iconic Carolina Beach Boardwalk in the Central Business District of Carolina Beach. The Subject consists of a 1,342sf clear-span block construction retail building positioned on a +/- 1,548sf corner lot. The location enjoys abundant foot traffic throughout the peak tourist season and extended shoulder seasons. CBD zoning allows for a wide variety of uses, favorable zero lot line building setbacks and 50' maximum building heights, which positions the Subject for vertical additions or complete redevelopment. The Sellers have conducted two concept plans for vertical additionsone adding an additional floor to include a rooftop deck and bar, the other adding two additional floors including the rooftop deck and bar. The Sellers have performed structural work in accordance with engineered plans to ensure the building can support such vertical additions. The Subject is positioned between Carolina Beach's newest hotelsthe 100 room, 26 suite Hampton Inn & Suites and the 144 room, 18 suite Courtyard by Marriot Oceanfront. Including these hotels, the Subject is surrounded by over 500 hotel rooms and vacation rental homes within less than a mile radius. In addition, the Town enjoys a large number of year-round residents. The Carolina Beach Boardwalk has been a famous destination for tourists and residents alike since its first iteration in 1887. The past decade has been extremely transformative for the Boardwalk, sparked by a complete renovation and extension beginning in 2013 then followed by the construction of the Courtyard by Marriot and the Hampton Inn & Suites at either end. In addition to the diverse business mix, locals and tourists enjoy festivals, outdoor music, weekend fireworks and carnival attractions throughout a majority of the year. The area continues to experience robust investment, further elevating the area's income and net worth demographics and spurring continued development.

Details

MLS#100406982
Listing TypeFor Sale
StatusActive
Year1950
Days On Site241
Listing Provided ByNest Realty | Eric G Knight

Features

N/A1,342
ZoningCBD
Acreage0.04
Property ViewOcean

Market Activity 28428

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Learn More About This Property

StateNC
CountyNew Hanover
CityCarolina Beach
Zip Code28428
AreaNew Hanover
Community NameThe Boardwalk at Carolina Beach
Listing VS Median (in The Boardwalk at Carolina Beach)
Price:
$850,000
low | high
Med:
$850,000
50% of Average
SqFt:
1,342
low | high
Med:
1,342
50% of Average
$ / SqFt:
$633
low | high
Med:
$633
50% of Average
On Site:
241
low | high
Med:
241.000000
100% of Average
Sourced by Back At You
Listing Updated: May 24, 2024 at 11:35:46 AM PDT