1501 New River Dr Surf City, NC 28445
- Hospitality properties
Current Use by Public Records
- Hospitality properties
Property Details for 1501 New River Dr
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Surf City
- County
- Pender
- State
- North Carolina
- Longitude
- -77.5218
- Latitude
- 34.4411
