# 213 Raleigh Avenue, Carolina Beach, NC 28428

> **TL;DR:** commercial, $4,750,000 ($763/sqft), built 1955, 6,224 sqft.
> A/C, 21-car garage. Est. $25,404/mo. Listed 233 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $4,750,000 |
| Price/sqft | $763 |
| Square Feet | 6,224 |
| Year Built | 1955 |
| Lot Size | 15,002 sqft (0.34 acres) |
| Garage | 21-car |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 233 |

## Why This Home Stands Out

- **Large Garage** - 21-car garage

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $24,019 |
| Estimated Insurance | $1,385 |
| **Total** | **$25,404** |

## Key Amenities

- A/C
- 21-car garage

## Property Highlights

- Built in 1955
- 0.34 acre lot
- 21 parking spaces

## Description

### Agent Description
Turnkey investment motel in the Heart of Carolina Beach. Rare opportunity to acquire the Carolina Beach Motel, formerly known as Cole's Motel, a fully renovated 21-unit motel located less than 1,500 feet from the beach and within walking distance to restaurants, shops, and the CB Boardwalk. The property sits on three 50x100 lots and operates as a pet-friendly, self-check-in motel with no on-site front office, allowing for efficient management and reduced overhead. The property is being sold fully furnished with all operational assets and the established business. The motel features 21 units with private bathrooms, offering several room types to accommodate a range of guests. All units are equipped with smart TVs, microwaves, mini or mid-size refrigerators, and Keurig coffee makers. The property underwent an extensive renovation beginning in 2022 across all three buildings, including new insulation, drywall, replacement of most sub-joists, new subfloors, LVP flooring, updated plumbing and electrical systems including fixtures, tile bathrooms with new vanities, toilets, and walk-in showers, four water heaters, and mini-split HVAC systems in each room. Additional improvements include a high-tech hardwired and monitored fire alarm system, security camera system, new wood railings and porch privacy walls, and landscaping throughout the property. Each unit has an on-site, designated parking space on a partially paved lot, with the remaining portion recently graveled in place of an outdated pool to provide sufficient guest parking. Operational infrastructure includes a housekeeping supply room with a new mop and hand sink, as well as a designated laundry area in the main building with washer and dryer hookups ready for installation. The motel recently reopened last year and currently operates across Airbnb, Expedia,, and direct booking website, utilizing smart locks and remote guest communication. Visit the Carolina Beach Motel's website to explore the property, room types, and additional photos, then schedule a private showing to experience it in person.

## Location

- **Address:** 213 Raleigh Avenue, Carolina Beach, NC 28428
- **County:** New Hanover
- **Neighborhood:** Heart of Carolina Beach
- **Coordinates:** 34.034388, -77.895274
- **Google Maps:** https://www.google.com/maps?q=34.034388,-77.895274

## Listing Agent

- **Name:** Reidi Troy · **License:** 349786
- **Brokerage:** Prosper Real Estate
- **Broker Phone:** 9103527957

## Photos

![213 Raleigh Avenue - Photo 1](http://lh.rdcpix.com/a38a3e2eca599f6092464df3b78175adl-f777219828r.jpg)

![213 Raleigh Avenue - Photo 2](http://lh.rdcpix.com/a38a3e2eca599f6092464df3b78175adl-f797505785r.jpg)

![213 Raleigh Avenue - Photo 3](http://lh.rdcpix.com/a38a3e2eca599f6092464df3b78175adl-f342200419r.jpg)

![213 Raleigh Avenue - Photo 4](http://lh.rdcpix.com/a38a3e2eca599f6092464df3b78175adl-f538417349r.jpg)

![213 Raleigh Avenue - Photo 5](http://lh.rdcpix.com/a38a3e2eca599f6092464df3b78175adl-f2836645109r.jpg)

![213 Raleigh Avenue - Photo 6](http://lh.rdcpix.com/a38a3e2eca599f6092464df3b78175adl-f1016601013r.jpg)

![213 Raleigh Avenue - Photo 7](http://lh.rdcpix.com/a38a3e2eca599f6092464df3b78175adl-f2552188822r.jpg)

![213 Raleigh Avenue - Photo 8](http://lh.rdcpix.com/a38a3e2eca599f6092464df3b78175adl-f2810783181r.jpg)

![213 Raleigh Avenue - Photo 9](http://lh.rdcpix.com/a38a3e2eca599f6092464df3b78175adl-f2847018890r.jpg)

![213 Raleigh Avenue - Photo 10](http://lh.rdcpix.com/a38a3e2eca599f6092464df3b78175adl-f235075436r.jpg)

![213 Raleigh Avenue - Photo 11](http://lh.rdcpix.com/a38a3e2eca599f6092464df3b78175adl-f988669006r.jpg)

![213 Raleigh Avenue - Photo 12](http://lh.rdcpix.com/a38a3e2eca599f6092464df3b78175adl-f979609184r.jpg)

![213 Raleigh Avenue - Photo 13](http://lh.rdcpix.com/a38a3e2eca599f6092464df3b78175adl-f526917952r.jpg)

![213 Raleigh Avenue - Photo 14](http://lh.rdcpix.com/a38a3e2eca599f6092464df3b78175adl-f3779551466r.jpg)

![213 Raleigh Avenue - Photo 15](http://lh.rdcpix.com/a38a3e2eca599f6092464df3b78175adl-f1875710563r.jpg)

![213 Raleigh Avenue - Photo 16](http://lh.rdcpix.com/a38a3e2eca599f6092464df3b78175adl-f2314233718r.jpg)

![213 Raleigh Avenue - Photo 17](http://lh.rdcpix.com/a38a3e2eca599f6092464df3b78175adl-f2479152898r.jpg)

![213 Raleigh Avenue - Photo 18](http://lh.rdcpix.com/a38a3e2eca599f6092464df3b78175adl-f1522510601r.jpg)

![213 Raleigh Avenue - Photo 19](http://lh.rdcpix.com/a38a3e2eca599f6092464df3b78175adl-f1911901030r.jpg)

![213 Raleigh Avenue - Photo 20](http://lh.rdcpix.com/a38a3e2eca599f6092464df3b78175adl-f2384827113r.jpg)

![213 Raleigh Avenue - Photo 21](http://lh.rdcpix.com/a38a3e2eca599f6092464df3b78175adl-f1153382497r.jpg)

---

**MLS#:** 100559721 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/213-raleigh-avenue-carolina-beach-nc-28428-e182f604f2cf44348cda203bf6ba85ee)

---

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