Second-Generation Stand-Alone
For Sale
Contact for pricing
304 N Lake Park Boulevard N, Carolina Beach, NC 28428
Highway Business zoning supports restaurant, retail, office, and other approved commercial uses.
Property Size1,280 SF
Price / SF$4.30
Days on Market79
Property Features for 304 N Lake Park Boulevard N
General Information
Standard status
Active
Size
1,280 SF
Zoning
HB
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Amenities
expansive outdoor area
Building Details
Year Built
1991
Buildings
1
Listing Agency:
Coldwell Banker Sea Coast Advantage-CB
Listed By:
Ajay Singh · License #301605
(910) 431-7340
Source:
Pinpointnc
Added: Aug 13
Changed: Oct 26
Last Checked: Oct 28 at 12:58PM
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 Coldwell Banker Sea Coast Advantage-CB
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Investment Insights
Based on property information with market context.
Built in 1991, this 1,280-square-foot stand-alone restaurant property includes an installed hood, walk-in cooler, sinks, and grease trap. The building was formerly operated as a Thai restaurant and includes a dedicated parking area along with an expansive outdoor space that can support dining, entertainment, events, or customer amenities.
The property fronts Lake Park Boulevard in Carolina Beach, the area’s primary commercial corridor, with strong visibility and Intracoastal views. Highway Business zoning supports a range of approved uses, including restaurants, cafés, specialty food retail, professional offices, medical or dental offices, breweries with food, sports bars, and entertainment venues.
The property fronts Lake Park Boulevard in Carolina Beach, the area’s primary commercial corridor, with strong visibility and Intracoastal views. Highway Business zoning supports a range of approved uses, including restaurants, cafés, specialty food retail, professional offices, medical or dental offices, breweries with food, sports bars, and entertainment venues.
Key Highlights
- 1,280 SF stand‑alone commercial building
- Highway Business (HB) zoning
- Installed hood, walk‑in cooler, sinks, and grease trap
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,055
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,100
$261.1K
Cap Rate 7%
$186,500
$186.5K
Cap Rate 9%
$145,056
$145.1K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$20.0K $15.60/SF
− Vacancy
−$1.3K −$1.03/SF
EGI
$18.7K $14.57/SF
− OpEx
−$5.6K −$4.37/SF
NOI
$13.1K $10.20/SF
Area
New Hanover County, NC
Vacancy
6.60%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,100
Cap Rate 7%
$186,500
Cap Rate 9%
$145,056
Alternative Uses
Best Use
Specialty Retail
$279.9K
$244.9K – $326.5K
NOI $19,591 @ 7.0% cap · market cap 356.20%
Second Best
Industrial
$186.5K
$163.2K – $217.6K
NOI $13,055 @ 7.0% cap · market cap 237.36%
Theoretical Best
Office A
$415.4K
$363.5K – $484.7K
NOI $29,081 @ 7.0% cap · market cap 528.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
656
Businesses Nearby
56k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 27%
Hotels & Casinos 25%
McDonald's
Dining
11,033 visits/mo
0.1 miles
Hampton Inn & Suites Carolina Beach Oceanfront
Hotels & Casinos
8,738 visits/mo
0.2 miles
Exxon
Shops & Services
7,956 visits/mo
0.3 miles
El Cazador
Dining
7,849 visits/mo
0.2 miles
Courtyard Carolina Beach Oceanfront
Hotels & Casinos
5,394 visits/mo
0.3 miles
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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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Highway Business zoning supports restaurant, retail, office, and other approved commercial uses.
Where is this conventional restaurant located?
The property is located at 304 N Lake Park Boulevard N Carolina Beach, NC.
What are key features of this property?
This property features: 1,280 SF stand‑alone commercial building; Highway Business (HB) zoning; Installed hood, walk‑in cooler, sinks, and grease trap
