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112 Cape Fear Blvd 2,700 SF 100% Leased Retail Building Carolina Beach, NC 28428 $1,995,000 ($738.89/SF)
INVESTMENT HIGHLIGHTS
- Iconic Building in the Heart of Carolina Beach's Business District
EXECUTIVE SUMMARY
Built in 1935 and meticulously renovated in 2019, this iconic two-story building masterfully blends historic charm with modern functionality, making it a standout in Carolina Beach’s commercial landscape. Its unique character even served as the backdrop for a Netflix movie, adding to its allure. Nestled in the heart of the business district, it offers prime visibility and exceptional versatility for a range of uses. The first floor provides a flexible space ideal for retail, office, or café setups, with meticulously refinished interior plaster walls that enhance its classic yet contemporary vibe. The second floor, previously a 4-bedroom Airbnb and now leased to a commercial architect, is perfect for live-work arrangements or continued office use. A private parking lot with six dedicated spaces, a rare asset in the area, ensures accessibility. The property also features a fenced paver patio with a relaxed coastal vibe, complete with an outdoor shower and large storage closet. Modern upgrades include a commercial-grade dehumidifier for optimal air quality and building preservation, separate electric meters, WiFi, and HVAC units for each floor, ensuring efficiency and comfort, as well as hurricane-rated windows and doors for added safety and durability. This property is a unique opportunity for investors, business owners, or entrepreneurs seeking a foothold in a thriving coastal community, offering unmatched flexibility, modern amenities, and long-term value in Carolina Beach’s bustling market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,700 SF
Building Class
C
Year Built
1935
Price
$1,995,000
Price Per SF
$738.89
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
0.69
Lot Size
0.09 AC
Zoning
CBD - Central Business District
Parking
6 Spaces (2.22 Spaces per 1,000 SF Leased)
Frontage
56’ on Cape Fear Blvd
AMENITIES
- Signage
- Storage Space
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R09006-020-004-000 | Improvements Assessment | $375,300 |
| Land Assessment | $411,300 | Total Assessment | $786,600 |
PROPERTY TAXES
Parcel Number
R09006-020-004-000
Land Assessment
$411,300
Improvements Assessment
$375,300
Total Assessment
$786,600
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112 Cape Fear Blvd
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