Surf City Motel and
For Sale
Contact for pricing
1501 N New River Dr, Surf City, NC 28445
40-unit motel and condo near the beach.
Property SizeContact for details
Days on Market1186
Property Features for 1501 N New River Dr
General Information
Standard status
Active
Property subtype
Hospitality, Multifamily
Zoning
C1
Listing Agency:
Century 21 Allstars
Listed By:
Silvestre Madrigal Jr. · License #01363650
Source:
Crexi
Added: May 24, 2023
Changed: Aug 8
Last Checked: Aug 8 at 4:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Allstars
Investment Insights
Based on property information with market context.
This property features a total of 40 units across two buildings. The first building is a 29-unit condo-hotel style building, offering flexibility for daily rentals like a hotel, long-term leases, or individual sales of the 29 condos. This exterior corridor building includes eleven 2-bedroom suites, two 2-bedroom standard units, and eighteen 1-bedroom units. The second building contains twelve 1-bedroom motel units. All units are operational and have undergone full renovations and furnishing. The condotel units can be sold individually. This location is situated 100 yards from the beach, 35 minutes from Downtown Wilmington, and 20 minutes from Stone Bay. It is within walking distance of 25 restaurants and 11 pubs. Private kayak access to the Intercostal Waterway is directly behind the building. The property is located in Surf City, on Topsail Island.
Key Highlights
- 40 total units: 29 Condo‑Hotel style units and 12 Motel units
- Condo‑Hotel units can be rented daily, leased long‑term, or sold individually
- Fully renovated and furnished units
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28445, NC
10,243
Population
8,832
Households
1.2
Avg Household Size
38
Median Age
42%
College-Educated
92%
High-School Grad
103.7 sq mi
ZIP Area
99
Density / Sq Mi
$89,250
Median Household Income
$56,844
Median Earnings
$1,318
Median Rent
$332,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Similar Off Market Nearby
- Shorely Blessed in Surf City — 905 Broadway St, Surf City, NC 28445
- SURF CITY RETREAT — 1007 N New River Dr, Surf City, NC 28445
- SeaScape Motel — 518 N New River Dr, Surf City, NC 28445
- Tiffany's Motel & Condos — 1502 N New River Dr, Surf City, NC 28445
- Summer Winds Rental Unit 102 — 102 Summer Winds Pl, Surf City, NC 28445
Frequently Asked Questions
What type of property is this?
Motel - 40-unit motel and condo near the beach.
Where is this motel located?
The property is located at 1501 N New River Dr Surf City, NC.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: 40 total units: 29 Condo‑Hotel style units and 12 Motel units; Condo‑Hotel units can be rented daily, leased long‑term, or sold individually; Fully renovated and furnished units
