No photo available
$3,250,000
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.
Full Property Details
Full Property Details for 517 Lewis Dr
General
- Price: $3,250,000
- Taxes: $10,883 (2025)
- Status: Active
- Type: Warehouse
- Source: 2253
- MLS ID: 100558081
- Updated: 5/13/2026
- Added to Site: 72 day(s) ago
Business
- Business Type: Storage, Commercial, Warehouse
Interior
- Flooring: Laminate, Vinyl
Additional Information
- Shared Amenities: None
Parking
- Parking Features: Off Street
Location
- County: New Hanover
- Subdivision: Not In Subdivision
- Driving Directions: 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.
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Other, Fireplace(s), Electric
Utilities
- Sewer: Septic Tank
- Water: Well
- Utility Description: Electricity Connected
Structural Information
- Structure Type: Steel Frame, Wood Frame
- Construction: Block, Concrete, Steel Frame, Wood Frame
- Basement Desc.: None
- Square Feet: 25,720
- Current Bldg. Use: Commercial
- Year Built: 1984
Lot Features
- Lot Size (Acres): 1.45
- Lot Size (Sq. Ft.): 63,162
- Lot Dimensions: 165 x 385 x 185 x 384
- Frontage: City Street, State Road
- Zoning: HB
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $126.36
- For Sale/Rent/Lease: Sale
- Assessment Amount: $2,431,000
- Tax Amount: $10,883.59
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: Tr A Walker T Lewis Div
- Property ID: R08810-004-026-000
Listed by Keller Williams Innovate-Wilmington, Trina Thomas Team and Keller Williams Innovate-Wilmington, Trina R Thomas
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Schools
Schools serving 517 Lewis Dr
School District:New Hanover County Schools
| Name | Grades | Distance |
|---|---|---|
Carolina Beach Elementary 400 South 4th Street, Carolina Beach, NC 28428 | K-5 | 1.3 mi |
Charles P Murray Middle 655 Halyburton Memorial Parkway, Wilmington, NC 28412 | 6-8 | 3.4 mi |
Eugene Ashley High 555 Halyburton Memorial Parkway, Wilmington, NC 28412 | 9-12 | 3.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 517 Lewis Dr
Date
Details
Price
Change
Source
3/05/2026
Listed
$3,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 517 Lewis Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
-100%
$2,431,000
33%
2024
$7,560
5%
$1,833,600
—
2023
$7,193
-28%
$1,833,600
—
2021
$10,015
-9%
$1,833,600
—
2022
$11,035
10%
$1,833,600
93%
2021
$10,015
36%
$947,600
—
2018
$7,391
-2%
$947,600
—
2017
$7,533
-5%
$947,600
3%
2016
$7,918
4%
$922,800
-3%
2019
$7,581
2%
$947,600
3%
2015
$7,465
3%
$922,800
—
2013
$7,281
—
$922,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 517 Lewis Dr
517 Lewis Drive, Carolina Beach, NC 28428 (MLS# 100558081) is a Warehouse property. 517 Lewis Drive is currently listed for $3,250,000 and was received on March 05, 2026. Want to learn more about 517 Lewis Drive? Do you have questions about finding other Warehouse real estate for sale in Carolina Beach? You can browse all Carolina Beach real estate or contact a Coldwell Banker agent to request more information.
