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127 5th St Washington, NC 27889-4401

OFF-MARKET Commercial real estate Google Maps
9,856 SF 0.23 ac lot Built 1950
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$345k
Range $311k – $380k (±10%)
Property ID US53-4643559

Property summary

AI-generated overview

This exceptional commercial property, located at 127 E 5TH Street in the heart of Washington, NC, presents a unique investment opportunity. The 0.32-acre lot offers significant potential for a variety of commercial ventures, benefiting from its prime location in a high-traffic area. The property's address places it within easy reach of local businesses, residential areas, and key transportation routes, ensuring high visibility and accessibility. The size of the lot allows for considerable flexibility in development plans, accommodating a range of building sizes and designs. This presents a blank canvas for entrepreneurs and developers seeking to establish a new presence or expand existing operations in a thriving community. Given its central location and substantial lot size, this property is poised for significant return on investment. Serious inquiries are encouraged to explore the possibilities this exceptional commercial lot offers. The property is being offered at $189,500. Further details regarding zoning and development regulations are readily available upon request. Don't miss this chance to acquire a prime piece of commercial real estate in Washington, NC.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Total area 9,856 SF
Lot 0.23 ac (10,019 SF)
APN 5675-99-0646
UPID US53-4643559

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Building Supply

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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