NC > Surf City > Dune Ridge
Surf City, NC 28445,1503 N New River DR
Surf City, NC 28445,1503 N New River DR
Surf City, NC 28445,1503 N New River DR
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$6,300,000
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15,437 SqFt
Active

1503 N New River DR Surf City, NC 28445

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Britt Frost

Britt Frost

+1(910) 390-6972

UPDATED:

01/29/2025 01:27 AM

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 Sub-Type Multi-Family

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

Hive MLS / (NCRMLS) / Cape Fear Realtors
Listed by Coastal Realty Associates, LLC

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agent

Britt Frost

Team Operations Manager | Agent | License ID: 284129

+1(910) 390-6972

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1503 N New River DR