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    1501 New River Dr Surf City, NC 28445

    For Sale
    $5,199,000

    Coastal NC Hotel, 31 Keys, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 31-key hotel, Tiffany's Condotel, presents a lucrative investment opportunity in the vibrant Surf City, North Carolina. Ideally situated just 100 yards from the pristine beaches of Topsail Island, this property boasts a prime location offering unparalleled access to the area's natural beauty and attractions. The hotel comprises a diverse mix of room types, including eleven 2-bedroom suites, two standard 2-bedroom units, and eighteen 1-bedroom condotels, catering to a wide range of guest preferences. Its intimate scale creates a unique, personalized experience for guests while maintaining convenient access to amenities. The hotel's strategic location provides easy access to a wealth of local attractions, including 25 restaurants and 11 pubs within walking distance. Furthermore, guests can enjoy private kayak access to the Intercostal Waterway directly behind the building. The property is also conveniently located 35 minutes from Downtown Wilmington and 20 minutes from Stone Bay, enhancing its appeal to a broader range of visitors. This turnkey operation presents a rare opportunity to acquire a thriving coastal hotel in a highly sought-after destination. The asking price is $5,199,000. This represents a significant investment in a proven hospitality market with strong potential for future growth and profitability.

    Property Features for 1501 New River Dr

    General Information

    Property type
    Hotels

    HighLights

    • $5,199,000 asking price.
    • 31‑key hospitality property (Hotel).
    • Located at 1501 N New River Dr, Surf City, NC 28445.
    • Prime beachfront location, 100 yards from the beach.
    • Close proximity to restaurants and pubs; kayak access to the Intercostal Waterway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Nail Salon Hotel & Motel Department Store Kitchen & Bath HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Surf City
    County
    Pender
    State
    North Carolina
    Longitude
    -77.521806
    Latitude
    34.4410979

    Nearby Similar for Sale

    • New
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    • $715,000
      1,889 SF

      Waterfront Duplex in Surf City

      Surf City duplex with water views, rental income potential.
      421 N New River Dr, Surf City, NC 28445
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      Established Surf City Restaurant Opportunity

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    FAQs

    What type of property is this?
    Hotel - Coastal NC Hotel, 31 Keys, Prime Location
    Where is this hotel located?
    The property is located at 1501 New River Dr Surf City, NC.
    What is the asking price?
    The asking price for this property is $5,199,000.
    What are key features of this property?
    This property features: $5,199,000 asking price.; 31-key hospitality property (Hotel).; Located at 1501 N New River Dr, Surf City, NC 28445.
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    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
    1501 New River Dr Surf City, NC 28445
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