Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    12 Pavilion Ave Carolina Beach, NC 28428

    Sponsored
    For Sale
    $950,000

    Prime oceanfront location, vacant, high potential

    Property size:
    1,534 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1,534 square foot retail space, situated on Carolina Beach's vibrant boardwalk at 12 Pavilion Ave N, presents a unique investment opportunity. Located in the Central Business District (CBD) with permitted zoning, this property offers immediate potential for a variety of uses, including bar, restaurant, or storefront. The 0.04-acre lot (1,742 sq ft) allows for expansion beyond the existing 1-story, 1,534 sq ft building, constructed in 1950. Seller-provided renderings showcase potential two- and three-story redevelopment options, maximizing ocean views. The property's previous tenancy ended at lease expiration, indicating a history of successful operation. While the seller's primary goal is a sale, a long-term lease may be considered. This vacant property boasts no owners' dues or association fees, making it an attractive, low-maintenance investment. The property's prime location and flexible zoning regulations offer endless possibilities for a savvy investor. This is a rare chance to acquire a piece of Carolina Beach's iconic boardwalk. The asking price is $950,000. APN: R09006-008-001-000.

    Property Features for 12 Pavilion Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,534 SF
    Class
    C
    Lot Size
    1,742 SF

    Building Details

    Year Built
    1950
    Buildings
    1
    Stories
    1
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carolina Beach
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.891527484259
    Latitude
    34.034118068022

    Nearby Similar for Sale

    • $1,690,000
      3,690 SF

      Carolina Beach Townhome Community

      New townhome community with elevators and resort-style amenities.
      209 Spartanburg Ave, Carolina Beach, NC 28428
      View Details
    • $824,900
      1,676 SF

      Turnkey Duplex Near Carolina Beach

      Duplex near Carolina Beach, ideal for living or investment.
      108 Greenville Ave, Carolina Beach, NC 28428
      View Details
    • New
      $1,375,000
      2,042 SF

      Turn-Key Ocean-Access Quadplex

      Remodeled, furnished 4-unit property near Texas Ave beach access.
      1603 Lake Park Blvd S, Carolina Beach, NC 28428
      View Details
    • $799,000
      1,900 SF

      Beachside Duplex - Income Potential

      Updated duplex steps from the beach with canal views.
      710 Canal Dr, Carolina Beach, NC 28428
      View Details
    • New
      $820,000
      3,072 SF

      Carolina Beach Triplex Investment Opportunity

      Turnkey, fully furnished triplex near Carolina Beach boardwalk.
      409 Monroe Ave, Carolina Beach, NC 28428
      View Details
    • $1,000,000
      0.21 Acres

      Carolina Beach Land Opportunity

      Unique corner lot near the ocean with investment potential.
      1203 Fort Fisher Blvd N, Carolina Beach, NC 28428
      View Details
    • $699,000

      Oceanfront Condo with Designer Finishes

      Completely renovated oceanfront condo with high-end finishes and resort-style amenities.
      1800 Canal Dr, Carolina Beach, NC 28428
      View Details
    • $699,000

      Oceanfront Condo with Designer Finishes

      Completely renovated oceanfront condo with high-end finishes and resort-style amenities.
      1800 Canal Dr, Carolina Beach, NC 28428
      View Details
    • $775,000

      Oceanfront Condo with Designer Finishes

      Completely renovated condo with ocean views, pool, and upscale amenities.
      1800 Canal Dr, Carolina Beach, NC 28428
      View Details
    • $1,050,000

      Carolina Beach Oceanfront Condominium

      Completely renovated oceanfront condominium with high-end finishes and resort-style amenities.
      1800 Canal Dr, Carolina Beach, NC 28428
      View Details
    • $775,000

      Oceanfront Condo with Designer Finishes

      Completely renovated oceanfront condo with high-end finishes and resort-style amenities.
      1800 Canal Dr, Carolina Beach, NC 28428
      View Details
    • $1,449,000

      Beachfront Penthouse with Dual-Water Views

      Luxurious 2-bedroom penthouse with ocean and Intracoastal Waterway views.
      1800 Canal Dr, Carolina Beach, NC 28428
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime oceanfront location, vacant, high potential
    Where is this individual retail property located?
    The property is located at 12 Pavilion Ave Carolina Beach, NC.
    What is the asking price?
    The asking price for this property is $950,000.
    Request Owner's contact information
    12 Pavilion Ave Carolina Beach, NC 28428
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12 Pavilion Ave
    Carolina Beach, NC 28428
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12 Pavilion Ave Carolina Beach, NC 28428
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.