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Property profile & analytics
OFF-MARKET
Commercial real estate

35050 35050 Engelhard, NC 27824

1.78 ac lot Built 2004
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Year built 2004
Lot 1.78 ac (77,537 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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