213 Raleigh Avenue

Description

Turnkey Investment Opportunity in the Heart of Carolina Beach. Rare opportunity to acquire the Carolina Beach Motel, a fully renovated 21-unit motel located less than 1,500 feet from the beach and within walking distance to restaurants, shops, and the CB Boardwalk. Listed $520,000 under appraised value, the property sits on three 50x100 lots and operates as a pet-friendly, self-check-in motel with no on-site front office, allowing for efficient management and reduced overhead. The property is being sold fully furnished and includes all operational assets and the established business. The motel features 21 units with private bathrooms, including efficiency rooms, double queen rooms, two-bedroom suites, and multiple suites with dining tables and pull-out couches, accommodating a range of guest types. All units are equipped with smart TVs, microwaves, mini or mid-size refrigerators, and Keurig coffee makers. The property underwent an extensive renovation beginning in 2022 across all three buildings, including new insulation, drywall, replacement of most sub-joists, new subfloors, LVP flooring, updated plumbing and electrical systems including fixtures, tile bathrooms with new vanities, toilets, and walk-in showers, four water heaters, and mini-split HVAC systems in every room. Additional improvements include a high-tech hardwired and monitored fire alarm system, a security camera system, new wood railings and privacy walls, and landscaping throughout the property. Each unit has an on-site, designated parking space on a partially paved lot, with the remaining portion recently graveled in place of an outdated pool to provide sufficient guest parking. Operational infrastructure includes a housekeeping supply room with a new mop and hand sink, as well as a designated laundry area in the main building with washer and dryer hookups ready for installation. The motel reopened last year and currently operates across Airbnb, Expedia, Booking.com, and a direct booking website, utilizing smart locks and remote guest communication. Existing management is willing to remain in place for one year to handle reservations, guest communication, housekeeping, maintenance, and daily operations, providing a smooth transition for new ownership. Visit the Carolina Beach Motel's website to explore the property, room types, and additional photos, then schedule a private showing to experience it in person.