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12 Pavilion Avenue S

Carolina Beach, NC 28428
  • $850,000
  • STATUS: Active
  • ON SITE: 235 Days
  • MLS #: 100406982
UPDATED: 166 min ago
$850,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,342
    SQFT
  • $633
    $/SQFT
Type:
Commercial
Built:
1950
County:

School Ratings & Info

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 additions--one 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 hotels--the 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.

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Mid Carolina MLS logo© 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2024-05-20T13:09:02.167.
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12 Pavilion Avenue S Carolina Beach, NC 28428

  • Price: $850,000
  • Status: Active
  • On Site: 235 Days
  • Updated: 166 min ago
  • MLS #: 100406982
0
Beds
0
Baths
0
½ Baths
0.04
Acres
1,342
SQFT
$633
$/SQFT
1950
Built
Neighborhood:
The Boardwalk At Carolina Beach
County:
New Hanover
Area:
Carolina Beach
Property 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 additions--one 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 hotels--the 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.
Exterior Features

Construction Block Exterior Finish Block Location Cent Business DistrictSee Remarks Location Type Island Lot Description Corner Lot Lot Dimensions irr

Interior Features

Flooring Concrete Sq Ft Total Available 1342.00

Property Features

Auction No City Limits Yes Cobra Zone No Commercial Sub Type Bed and BreakfastBusiness FlexComm CondominiumCommercialFood ServiceHotel/MotelMedicalMixed UseOfficeOtherProfessional ServiceRetail New Construction No Property Taxes 3580.36 Sale Lease Includes BuildingsFixturesLandSee Remarks Sale Or Lease Sale Stipulation Of Sale None Tax Year 2023 View Type Ocean View Zoning CBD



Mid Carolina MLS logo Listing information © 2024 NCRMLS
Listing courtesy of Eric Knight of Nest Realty: (910) 550-2788.


Mid Carolina MLS logo© 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2024-05-20T13:09:02.167.
 
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Linda Rike Real Estate
1410 Arendell St.
Morehead City NC, 28557