$1,099,000

5611 Oak Island Drive

Oak Island Wooded NC, 28465

Description

Right in the heart of Oak Island's established coastal business district on 11 lots sits this actively popular turnkey motel featuring 17 well-equipped guest rooms plus 2 fully furnished, spacious 2-bedroom apartments which include private kitchen, bath, laundry and heat/air. Recently managed as a motel and a long-term/short term rental property, Oak Island Extended Stay has acquired a strong and consistent income from beach vacationers and numerous fluctuating term renters year-round. On-site outdoor swimming pool for guests and tenants in the summer months as well as laundry facilities. Only two blocks to the ocean and just a few steps to shopping and restaurants. An excellent market presence and sound investment opportunity!

Details

MLS#100191444
Sub-TypeResale
StatusActive
Year1983
Days On Site41

Features

SQ Feet8,589
Story(s)1
Units19
ZoningCommercial

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Area Information

StateNC
CountyBrunswick
CityOak Island Wooded
Zip Code28465
AreaBrunswick
Listing VS Median (in 28465)
Price:
$1,099,000
low | high
Med:
$320,000
100% of Average
SqFt:
8,589
low | high
Med:
831
100% of Average
$ / SqFt:
$128
low | high
Med:
$385
100% of Average
On Site:
41
low | high
Med:
143
28.671328671329% of Average
Listing Updated: 12/12/2019
MLS Number: 100191444
Listing Provided By:
Christopher J Kuhn  of  RE MAX at the Beach Oak Island
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