Surf City Motel and Condo

1501 N New River Dr, Surf City, NC 28445

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For Sale

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40-unit motel and condo near the beach.

Type:Hospitality, Multifamily

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Silvestre Madrigal Jr.

Real Estate License ID: 01363650

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
Prime location: 100 yards from the beach
Private kayak access to the Intercostal Waterway
Walking distance to 25 restaurants and 11 pubs

For Sale

Contact for pricing

40-unit motel and condo near the beach.

Type:Hospitality, Multifamily

Added:: May 24, 2023
Days on Market:: 1140
Last Refresh:: Jun 28 at 7:17 am

Property Features for 1501 N New River Dr

General Information

Standard status: Active
Property subtype: Hospitality, Multifamily

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Silvestre Madrigal Jr.

Listing office Century 21 Allstars

Listing date May 24, 2023

Source Crexi

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

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
Prime location: 100 yards from the beach
Private kayak access to the Intercostal Waterway
Walking distance to 25 restaurants and 11 pubs

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Motels

Suggested Use

Similar Places Nearby

Sea Coast Suites — 305 N Topsail Dr, Surf City, NC 28445
Palm-Breeze. Vacation Rental — 110 high point ave, surf city, nc 28445
Rasa Sayang — 903 s topsail dr side b, surf city, nc 28445
Island Inn — 202 Goldsboro Ave, Surf City, NC 28445
WaveWalker — 201 n shore dr, surf city, nc 28445

Location Insight

Map
Local Demand

City: Surf City
County: Onslow
State: North Carolina
Longitude: -77.520876
Latitude: 34.441589

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For sale
Motels
NC
Surf City
28445
1501 N New River Dr

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