1503 N New River DR new Save Request In-Person Tour Request Virtual Tour
Surf City,NC 28445
Key Details
Property Type Commercial
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 15,437 sqft
Price per Sqft $408
Subdivision Dune Ridge
MLS Listing ID 100485724
Style Wood Frame
HOA Fees $22,358
HOA Y/N Yes
Originating Board Hive MLS
Year Built 2002
Annual Tax Amount $4,099
Lot Size 1.140 Acres
Acres 1.14
Lot Dimensions 263x101x47x148x237x247 83x114x80x110
Property Description
Total of 40 units at Tiffany's Motel and Condotel. 12 (one bedroom) Motel Units, and 28 Condotel Units ( 17 -one bedrooms units + 11 - two bedroom suite units) All of these units are managed by the onsite management company, to include onsite staff (cleaners, receptionist, maintenance, and GM). Tiffany's Motel/Condotel is composed of 49 total units, 2 separate buildings, each with it's own pool & elevator, and outdoor showers available for every guest. These units are offered as nightly, and weekly rentals, but may also be used as long term rentals or full time by the owners. Each unit is deeded separately, (except for the 12 unit building) however the common area is owned by the HOA. Tiffany's is an iconic establishment on Topsail Island, equipped with a strong book of repeat guest, and a growing reputation for the ideal beach getaway.
Location
State NC
County Pender
Community Dune Ridge
Zoning C1
Direction From Surf City Bridge, at the traffic circle, take the 2nd exit onto N New River 1.18 miles Tiffany's will be on the left.
Rooms
Basement None
Interior
Heating Heat Pump,Electric,Propane
Cooling Central Air,Wall/Window Unit(s)
Flooring LVT/LVP,Concrete,Tile,Vinyl
Exterior
Parking Features Parking Lot,Covered,Gravel,Concrete,Lighted,On Site,Paved,Shared Driveway
Waterfront Description ICW View,Salt Marsh,Sound Side,Third Row
View Marsh View,Ocean,Sound View,Water
Roof Type Shingle
Building
Foundation Other
Sewer Municipal Sewer
Water Municipal Water
New Construction No
Others
Tax ID 4245-54-6903-0000
Acceptable Financing 1031 Exchange,SBA,Cash
Listing Terms 1031 Exchange,SBA,Cash
Special Listing Condition None