Turnkey investment motel in the Heart of Carolina Beach. Rare opportunity to acquire the Carolina Beach Motel, formerly known as Cole's 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. The property sits on… Read More 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 with all operational assets and the established business. The motel features 21 units with private bathrooms, offering several room types to accommodate a range of guests. 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 each room. Additional improvements include a high-tech hardwired and monitored fire alarm system, security camera system, new wood railings and porch 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on-site, designated parking space on a partially paved lot, with the remaining portion recently graveled in place of an outdated pool to provide sufficient guest parking.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 recently reopened last year and currently operates across Airbnb, Expedia, Booking.com, and direct booking website, utilizing smart locks and remote guest communication. 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. Read Less
Courtesy of Reidi Troy, Prosper Real Estate
Listing Snapshot
Days Online
163
Last Updated
Property Type
Other
Square Ft.
6,224
Lot Size
0.34 Acres
Year Built
1955
MLS Number
100559721
Additional Details
Property Access
Road frontage type: City Street, State Road, Paved, Road surface type: Paved
Building
Built in 1955, Construction materials: Stucco, Wood Frame, Structure type: Wood Frame, Toal building area: 6224
Cooling
Other
Floors
LVT/LVP
Heating
Other, Electric
Lot
0.34 acres, 15,000 sqft
Parking
21 total parkings, Private, Off Street, On Site
Property
Zoning: MX
Roof
Composition, Shingle
Taxes
Year: 2025
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