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4 N Lake Park Boulevard, Carolina Beach, NC 28428

$1,475,000

Property Type: Comm Sale or Lease Square Footage: 4,050 Lot Size (sq. ft.): 12,035 Status: Closed

Current Price: $1,475,000 List Date: 4/18/2022 Last Modified: 6/06/2022

Overview

Description

Quaint Historic Motel in the Heart of Carolina Beach near the boardwalk. The Wanda Inn Motel has been a staple at Carolina Beach since 1938. This a prime location and opportunity for a Buyer.

Listing Details MLS# 100323029

Contract Info

Delayed Marketing?: Yes
Marketing Start Date: 2022-04-15
Sub-Type: Improved
Garage: N/A
Space: Yes
Sale/Lease: Sale
Auction: No
Listing Price: 1500000
List Price/SqFt: 370.37
Stipulation of Sale: Standard

Location Information

Street #: 4
Pre Direction: N
Street Name: Lake Park
Street Suffix: Boulevard
County: New Hanover
State/Province: NC
Zip Code: 28428
City Limits: Yes
Marketing City: Carolina Beach
Subdivision: Heart of Carolina Beach
Secondary Subdivision: N/A

Remarks and Showing

Directions to Property: From intersection of College Road and Carolina Beach Rd take 421 South towards Carolina Beach. Keep straight over Snows Cut Bridge. Carolina Beach Rd/421 S will become Lake Blvd N. Motel is on the left just after the Raleigh Avenue intersection directly across the street from Truist Bank.
Sign on Property: No

Building Info

New Construction: No

BuildingExt Features

SqFt - Heated (Primary): 4050

Legal and Taxes

Tax Assessed Value: 477300
Deed Book: 4877
Deed Page: 1987
Legal: See attached Exhibit A
Broker Owner: No
PID: R09006-020-002-000
Tax Identifier: R09006-020-002-000
Plat Book: 3
Plat Page: 23
Total Real Estate Property Taxes: 3293.37
Special Assessments: None Known
Tax Year: 2021
Year Built: 1938
Zoning: CBD
HOA: No
Cobra Zone: No

More Information

Status Change Info

Under Contract Date: 2022-04-16
Sold Date: 2022-06-03

Current Service Providers

Electric Provider: Duke Progress Energy

Building/Ext Features

# of Units: 14
Lot Acres: 0.28
Lot SqFt: 12035
Lot Dimensions: Each parcel: 81x50; 10x56; 50x99; 25x99
SqFt - Total Available: 3744
Location Type: Island

Business Type

Hotel/Motel: Yes

Terms

Cash: Yes

Parking Features

Off Street: Yes
On Site: Yes
Private: Yes
Unpaved: Yes

Sale/Lease Includes

Buildings: Yes
Business: Yes
Equipment: Yes
Fixtures: Yes
Furniture: Yes
Land: Yes
Licenses/Permits: Yes

Road Type/Frontage

4+ Lanes: Yes
Maintained: Yes
Paved: Yes

Heating System Fuel Source

Electric: Yes

Utilities

Water Available: Yes

Water Source

Municipal Water: Yes

Sewer

Municipal Sewer: Yes

Property Features

Business Type: Hotel/Motel Parking Features: Off Street; On Site; Private; Unpaved Heating System Fuel Source: Electric Utilities: Water Available Sewer: Municipal Sewer Water Source: Municipal Water Terms: Cash

Listing Office: Berkshire Hathaway HomeServices Carolina Premier Properties

IDX

Last Updated: June - 06 - 2022

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