Entity Owned Property summary
This exceptional 1,305-square-foot warehouse, situated on a 0.3-acre lot at 306 N Lake Park Boulevard in Carolina Beach, NC 28428, presents a unique investment opportunity. The property boasts a single-tenant occupancy and is categorized as both industrial and commercial. Its strategic location on the main strip of Carolina Beach offers unparalleled visibility and accessibility. The Highway Business zoning allows for a wide range of uses, making it suitable for various businesses. Potential uses include retail establishments, restaurants with bars, or office spaces. The free-standing building provides ample parking for customers and employees. Its proximity to the boardwalk and marina further enhances its appeal and potential for attracting a diverse clientele. The property's size and zoning make it a versatile option for entrepreneurs seeking a high-traffic location in a thriving coastal community. This is a rare opportunity to acquire a well-located commercial property in a desirable area with significant growth potential. The property is located in New Hanover County.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
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Condominium Complex
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Auto Repair Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
This district is established to accommodate businesses oriented toward the motoring public and which require a high volume of traffic. In many cases, businesses in the HB district serve the entire community and beyond. F…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
HB · Carolina Beach, NCThis district is established to accommodate businesses oriented toward the motoring public and which require a high volume of traffic. In many cases, businesses in the HB district serve the entire community and beyond. F…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
This district is established to accommodate businesses oriented toward the motoring public and which require a high volume of traffic. In many cases, businesses in the HB district serve the entire community and beyond. F…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HB in Carolina Beach, NC.
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