720 N Lake Park Carolina Beach, NC. Excellent investment opportunity in downtown Carolina Beach! This property currently consists of a successful restaurant/bar (3 years in operation), two-2 bedroom rental apartments and an office. Situated on a corner lot on the main traffic corridor in the highway business district, this location provides high visibility, high tourist and local traffic, as well as close proximity to hotels, residences, shopping, the new Harris Teeter shopping plaza and the new boardwalk hotel. The entire property was renovated and brought to code in the 1990's. The restaurant, which was beautifully upfitted in 2006, includes a fabulous bar area, two outdoor patios with seating and 17 parking spaces. Tenants in place with approximately $69,000 in annual net income, providing capitalization rate of 13.82%. The uniqueness of the property, its location and HB zoning allows for multiple use options. 720 N Lake Park Blvd Carolina Beach, NC 28428............Loopnet link www.crelisting.net/BZ333y62w
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
