218 Charlotte Ave Carolina Beach, NC 28428
This exceptional 0.57-acre commercial land parcel, located at 218 Charlotte Avenue in Carolina Beach, North Carolina, presents a unique investment opportunity. The property is zoned MX (Mixed Use), offering versatile development potential within a transitional district designed to bridge intensified commercial areas with residential neighborhoods. This strategic location allows for a blend of uses, including single-family homes, two-family dwellings, and small-scale office or institutional buildings. Currently, an 18-room motel occupies the site, providing immediate income potential or a redevelopment opportunity. The property's address is 218 Charlotte Avenue, Carolina Beach, NC 28428, with APN R09006-025-005-000. The asking price is $4,500,000. This mixed-use zoning allows for a variety of development options, making it an attractive investment for developers seeking a blend of residential and commercial uses in a desirable coastal location. The existing motel provides a valuable asset, whether for continued operation or future integration into a larger development plan. This property offers significant upside potential in a thriving coastal community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.