1800 Carolina Beach Avenue N , Carolina Beach

$2,700,000

MLS#: 100287871 Property Type: Commercial Address: 1800 Carolina Beach Avenue N City / Zip: Carolina Beach, NC 28428 County: New Hanover Neighborhood: Not In Subdivision Acres: 1.70 Year Built: 1998 Date Listed: 08/27/2021

Agent's Comments

Presenting for sale the iconic Carolina Beach Pier, encompassing the pier house, pier and pay parking situated on +/- 1.7 acres of oceanfront land. Capitalizing on Pleasure Island's best sunrise to sunset views from Masonboro and Carolina Beach Inlet to the north to past Fort Fisher to the south, this offering provides one of the most unique opportunities in Southeastern North Carolina. The current main profit centers are High Tide Lounge, Low Tide Tiki Bar, Pier Grill and paid parking for over 100 vehicles. The subject carries full ABC permits including a rare carryout alcoholic beverage permit. Family ran for generations, the income is currently heavily cash based. Known as a destination for locals and tourists alike, Carolina Beach Pier enjoys strong sales volumes through shoulder and peak tourist seasons as well as steady volume through the offseason. Many opportunities for repositioning and value-add exist through strengthening management and personnel structures, expanding and elevating menu options, adding event and wedding rentals, film industry location, etc. The pier house underwent renovations and updates in 2018-2020 including a new roof, new HVAC, fresh interior and exterior paint, new hood in the commercial kitchen and refinished floors. Priced below tax value, this offering provides immediate cashflow and is positioned for increasing profits through multiple avenues

*Listing provided courtesy of the MLS.
Amenities
Interior Features
  • Air Conditioning: Central
  • Floor Covering: Wood
  • Heating: Electric, Forced Air
External Features
  • Lot Description: Oceanfront
  • Lot Description: Oceanfront,
  • Roof: Shingle
Additional Features
  • Contruction: Wood Frame
  • County: New Hanover
  • Status Date: 2021-10-19
  • Year Built: 1998
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Listings provided courtesy of Nest Realty. and Wilmington MLS.

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