Description
This property located at 323 and 327 N Topsail Drive is a great Development and investment opportunity in the rapidly growing Surf City Area. The zoning of C1 provides the potential for commercial development in the thriving Central Business Zoning District of Surf City. The infrastructure improvements with the surrounding area points to prosperous economic development for the entire region. The newly improved highways, road system and bridges have created a much easier access and growth potential.Currently the property consists of the well maintained and operated Shorehaven Inn and the neighbor vacant lot. The Inn has 8 rental units generate a consistent income. These furnished apartments produced rental income. Now with the increase of long-term, Airbnb and VRBO exposure, the income potential will increase substantially. The Inn has (5) one bedroom units and (3) two bedroom units. This property contains 23,180 SF of land. With the allowable heights and building density; this property is a prime candidate for a full scale redevelopment. Increased hospitality, retail, and other commercial uses make this very attractive to developers and investors. The current units could maintain a nice income source while going through the developmental and planning process. The low property inventories makes this a rare opportunity.
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0BEDS
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0.53ACRES
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0BATHS
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01/2 BATHS
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3,618SQFT
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$525$/SQFT
School Ratings & Info
Description
This property located at 323 and 327 N Topsail Drive is a great Development and investment opportunity in the rapidly growing Surf City Area. The zoning of C1 provides the potential for commercial development in the thriving Central Business Zoning District of Surf City. The infrastructure improvements with the surrounding area points to prosperous economic development for the entire region. The newly improved highways, road system and bridges have created a much easier access and growth potential.Currently the property consists of the well maintained and operated Shorehaven Inn and the neighbor vacant lot. The Inn has 8 rental units generate a consistent income. These furnished apartments produced rental income. Now with the increase of long-term, Airbnb and VRBO exposure, the income potential will increase substantially. The Inn has (5) one bedroom units and (3) two bedroom units. This property contains 23,180 SF of land. With the allowable heights and building density; this property is a prime candidate for a full scale redevelopment. Increased hospitality, retail, and other commercial uses make this very attractive to developers and investors. The current units could maintain a nice income source while going through the developmental and planning process. The low property inventories makes this a rare opportunity.
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