517 Lewis DR, Carolina Beach, NC 28428
517 Lewis DR, Carolina Beach, NC 28428
517 Lewis DR, Carolina Beach, NC 28428
517 Lewis DR, Carolina Beach, NC 28428
517 Lewis DR, Carolina Beach, NC 28428
517 Lewis DR, Carolina Beach, NC 28428
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$ 3,250,000
Est. payment | /mo

25,720 SqFt


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$ 3,250,000
Est. payment | /mo
Save

25,720 SqFt

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 25,720 sqft

Price per Sqft $126

Subdivision Not In Subdivision

MLS Listing ID 100558081

Style Steel Frame,Wood Frame

HOA Y/N No

Year Built 1984

Lot Size 1.450 Acres

Acres 1.45

Lot Dimensions 165 x 385 x 185 x 384

Property Sub-Type Business

Source Hive MLS

Property Description

Rare opportunity to acquire Pleasure Island Mini Storage, a well-established and family-owned self-storage facility located just over the bridge on highly desirable Pleasure Island in Carolina Beach, North Carolina. Operating successfully for over 20 years, this turnkey investment offers strong in-place income with significant potential for rental rate increases and additional revenue streams.

The facility consists of 8 storage buildings with approximately 237 units in various sizes, totaling approximately 25,720 square feet of rentable storage space. The property is fenced and secured with video surveillance cameras, providing safety and convenience for tenants.

Strategically positioned within a growing commercial corridor, the property benefits from strong residential growth, nearby businesses, and steady beach traffic. With excellent visibility and easy access on and off the island, the location supports consistent demand for storage services from both residents and businesses.

A unique feature of this property is the on-site management office with a comfortable reception area, along with a spacious upstairs one-bedroom apartment complete with appliances. This offers flexibility for an owner/operator to live on-site while managing the facility, or the apartment can be rented to generate additional income.

Property Highlights:
• 8 storage buildings with approximately 237 units
• Approximately 25,720 total square feet
• Units in multiple sizes to accommodate a variety of storage needs
• Fully fenced storage area with video security cameras
• Not located in a flood zone
• Located near residential neighborhoods and local businesses
• Strong potential for rental rate increases and expanded revenue opportunities

With continued population growth in Carolina Beach and the surrounding Pleasure Island communities, combined with limited available storage inventory in the area, Pleasure Island Mini Storage presents a rare opportunity to acquire a stable, income-producing asset in a thriving coastal market.

Location

State NC

County New Hanover

Community Not In Subdivision

Zoning HB

Direction South on Carolina Beach Road (Hwy 421 S) across Snows Cut Bridge to Carolina Beach. Left at 1st light and follow access road to 1st right on to Lewis Drive . Property is on the corner of Lewis Road and the Access Road.

Location Details Island

Rooms

Basement None

Interior

Heating Other, Fireplace(s), Electric

Cooling Wall/Window Unit(s)

Flooring Laminate, Vinyl

Exterior

Parking Features Off Street

Utilities Available Electricity Connected

Amenities Available None

Waterfront Description None

Building

Foundation Slab

Water Well

New Construction No

Others

Tax ID R08810-004-026-000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Hive MLS / Savannah / Classic / (NCRMLS) / Cape Fear Realtors
Listed by Keller Williams Innovate-Wilmington

Nearby Locations

GET MORE INFORMATION

Jody Wainio
Jody Wainio

REALTOR®, Managing Broker, Lead Broker | Lic# 117999

+1(910) 232-4635

1001 Military Cutoff Rd. Suite 101, Wilmington, NC, 28405

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517 Lewis DR