Welcome to 115 Hanby Avenue, currently the ONLY single family home on the island under $500,000!! Nestled just a 5 minute walk away from 2 convenient beach accesses, this cozy 3 bedroom 1 bathroom beach cottage, built by the owner's family in the 1950's, offers a fantastic investment opportunity for the right buyer. The 4500 sq ft lot is zoned RA-2, which can accommodate single family & duplex construction. Affected by flood damage in September, this property presents a unique opportunity for investors or visionaries looking to bring it back to life or create a stunning new construction in its place. The location is unbeatable—whether you're looking to enjoy relaxing coastal living or capitalize on the proximity to the beach for short-term rentals. This property is a 5 minute walk to 2 beach accesses, 10 minute bike ride to the heart of the Carolina Beach boardwalk, or a 10 minute drive to the NC Aquarium at Fort Fisher. This property is a rare find in a prime Kure Beach neighborhood. Don't miss out!