616 Carolina Beach Ave S, Carolina Beach, NC 28428

Property Description

Discover a rare investment and redevelopment opportunity currently producing income in the heart of Carolina Beach, ideally positioned between the Atlantic Ocean and Carolina Beach Lake Park. With street frontage on both sides and two public beach access points on the same block, this distinctive property offers exceptional flexibility for access, driveways, and parking--along with stunning sunrise views over the ocean and evening sunsets over the lake. Currently configured as a six-unit motel, the property includes two owner-occupied units and four income-producing vacation rentals. Total rental income projections exceed six figures. It has been continuously well maintained, with a new roof installed in 2025, refurbished decks, and Hardie fiber cement siding added in 2019. T-1 zoning supports a wide range of potential uses and new construction options, including single-family homes, two-family dwellings, multifamily dwellings, townhomes, condominiums, apartments, commercial or tourist-oriented structures, hotels, motels, and restaurants. Whether envisioned as a primary residence, vacation retreat, rental-income property, commercial enterprise, or long-term investment, this site offers outstanding possibilities. Enjoy easy access to the Carolina Beach Boardwalk, Lake Park, shopping, dining, entertainment, and some of the island's best-known attractions. From the expansive decks, take in ocean sunrises, fresh ocean breezes, and unwind with sunset views over Carolina Beach Lake Park. Ask the listing agent about special financing options available through the preferred lender. Opportunities of this caliber are seldom available - schedule your showing today and explore the potential of this exceptional Carolina Beach property.