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Renovated 21-Unit Motel
For Sale
$4,750,000

213 Raleigh Avenue, Carolina Beach, NC 28428

Commercial Sale, Carolina Beach, NC

Property Size6,224 SF
Lot Size0.34 Acres
Price / SF$763.17
Days on Market207

Property Features for 213 Raleigh Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning MX
Parking 21
Parking features Off Street
Subdivision Heart of Carolina Beach
Directions Heading South down Lake Park Blvd, take a right onto Raleigh Ave. Property is on the left.
Standard status Active
APN R09006-019-013-000
Size 6,224 SF
Lot size 0.34 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 15/16/17 BLK 46 CAROLINA BEACH
Legal Description LOT 15/16/17 BLK 46 CAROLINA BEACH

Utilities

Heating system Electric (Heating)

Amenities

high-tech hardwired and monitored fire alarm system
security camera system
new wood railings and porch privacy walls
landscaping

Building Details

Year built 1955
Number of units 21
Flooring type Lvt/lvp
Building materials Stucco, Wood Frame
Roof type Shingle, Composition
Listing Agency: Prosper Real Estate
Listed By: Reidi Troy · License #349786
Added: Mar 12 Changed: Sep 8 Last Checked: Oct 4 at 10:06PM
MLS# 100559721

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 21-unit motel in Carolina Beach includes 6,224 square feet across three buildings on 0.3444 acres. The property is furnished and offered with its operational assets and established business. Every unit has a private bathroom, smart TV, microwave, refrigerator, and Keurig coffee maker, while room climate control is provided by individual mini-split HVAC systems. Renovations begun in 2022 addressed insulation, drywall, subfloors, flooring, plumbing, electrical systems, bathrooms, railings, porch privacy walls, and landscaping. The improvements also include a monitored hardwired fire alarm and security camera system.

Located at 213 Raleigh Avenue, the motel is less than 1,500 feet from the beach and within walking distance of restaurants, shops, and the CB Boardwalk. The property uses smart locks and remote guest communication, with designated parking for each unit. A supply room supports housekeeping, and the main building has a laundry area with washer and dryer hookups ready for installation. MX zoning applies.

Key Highlights

  • 21‑unit motel with 6,224 square feet across three buildings
  • Renovations began in 2022 and include updated building systems, bathrooms, flooring, and landscaping
  • Less than 1,500 feet from the beach, with restaurants, shops, and the CB Boardwalk within walking distance

Property Analytics

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Current Use

Carolina Beach Motel Hotel & Motel

Suggested Use

Top Pick Law Firm Electrical Service Auto Parts Store Garden Center Storage Facility Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

631
Businesses Nearby
Well-served
Demand for This Use

Demographics for 28428, NC

6,848
Population
6,268
Households
1.1
Avg Household Size
51
Median Age
48%
College-Educated
98%
High-School Grad
5.2 sq mi
ZIP Area
1,317
Density / Sq Mi
$87,670
Median Household Income
$41,138
Median Earnings
$1,515
Median Rent
$490,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby

  • Luna Sea — 907 Carolina Beach Ave S, Carolina Beach, NC 28428
  • Once Upon a Tide - Carolina Beach — 608 Greenville Ave A, Carolina Beach, NC 28428
  • Coastal Soul — 415 Greenville Ave, Carolina Beach, NC 28428
  • CB Surf Cottage — 807 S 6th St, Carolina Beach, NC 28428
  • King's Cottages — 101 Atlanta Ave, Carolina Beach, NC 28428

Frequently Asked Questions

What type of property is this?
Motel - Furnished lodging property with private bathrooms, smart-room amenities, and remote guest operations.
Where is this motel located?
The property is located at 213 Raleigh Avenue Carolina Beach, NC.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: 21‑unit motel with 6,224 square feet across three buildings; Renovations began in 2022 and include updated building systems, bathrooms, flooring, and landscaping; Less than 1,500 feet from the beach, with restaurants, shops, and the CB Boardwalk within walking distance
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