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    35050 35050 Engelhard, NC 27824

    Sponsored
    For Sale
    $499,900

    Historic building, 12,400+ sq ft, 1.78 acres

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 12,400+ square foot commercial property, situated on a 1.78-acre lot in the tranquil town of Engelhard, North Carolina, presents a remarkable investment opportunity. Formerly the East Carolina Bank headquarters, this two-story building offers unparalleled versatility. Its expansive layout includes 13 rooms on the ground floor and 15 on the second, all conveniently accessible via an elevator and staircases located at either end of the structure. The main building features a striking lobby with tile flooring and vaulted ceilings, complemented by numerous tiled bathrooms on both levels. A large gas fireplace in the former conference room adds a unique architectural detail. The property's flexible floor plan allows for seamless adaptation to a wide range of uses, including a boutique hotel, bed and breakfast, hunting lodge, medical or county offices, or an event venue. The possibilities are truly limitless. In addition to the main building, a secondary metal structure provides ample storage or additional office space. While the electrical and plumbing systems in the secondary building require further evaluation, the main building is connected to county water and sewage. This property is offered by motivated sellers, making it an exceptional opportunity for discerning buyers. The property's size and location in the charming rural setting of Engelhard offer a unique blend of convenience and tranquility.

    Property Features for 35050 35050

    General Information

    Property type
    Other commercial real estate
    Lot Size
    77,537 SF

    Building Details

    Year Built
    2004
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Engelhard
    County
    Hyde
    State
    North Carolina
    Longitude
    -76.0461
    Latitude
    35.5425

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    Nearby Similar for Sale

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    • $190,000
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      Engelhard, NC Commercial Land

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    FAQs

    What type of property is this?
    Commercial real estate - Historic building, 12,400+ sq ft, 1.78 acres
    Where is this commercial real estate located?
    The property is located at 35050 35050 Engelhard, NC.
    What is the asking price?
    The asking price for this property is $499,900.
    (252) 441-7887
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    35050 35050 Engelhard, NC 27824
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    35050 35050 Engelhard, NC 27824
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