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    5385 River Rd Washington, NC 27889

    Sponsored
    For Sale
    $799,000

    Washington, NC - 2,740 sq ft, 0.67 acres

    Property size:
    2,740 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, located at 5385 River Road in Washington, North Carolina, presents a unique investment opportunity. Boasting a substantial 2,740 square feet of space, this versatile property sits on a sizable 0.67-acre lot, offering ample room for expansion or outdoor utilization. The property's "Other" classification allows for a wide range of potential uses, making it ideal for businesses seeking a flexible and adaptable space. Its prime location on River Road provides excellent visibility and accessibility, ensuring high traffic and potential customer reach. The asking price of $799,000 represents a compelling value for a property of this size and location in Washington, NC. This property is ready for immediate occupancy and presents a blank canvas for a discerning buyer to create a thriving business venture. The substantial lot size offers significant potential for future development or expansion, catering to a variety of business needs. Given its size, location, and versatility, this property is an exceptional opportunity for investors and entrepreneurs alike seeking a strong foothold in the Washington, NC market. Serious inquiries are encouraged to explore the full potential of this remarkable commercial offering. The property is currently available for immediate purchase.

    Property Features for 5385 River Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,740 SF
    Lot Size
    29,185 SF

    Building Details

    Year Built
    1979
    Property Profile Location Intelligence

    Current Use by Public Records

    Handy Mart Convenience Store Exxon Gas Station Western Union Money Transfer Service

    Suggested Use

    Restaurant Clothing Store Storage Facility Home Appliance Store Chinese Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Beaufort
    State
    North Carolina
    Longitude
    -76.98657
    Latitude
    35.5038

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    FAQs

    What type of property is this?
    Commercial real estate - Washington, NC - 2,740 sq ft, 0.67 acres
    Where is this commercial real estate located?
    The property is located at 5385 River Rd Washington, NC.
    What is the asking price?
    The asking price for this property is $799,000.
    (252) 975-8010
    Request Owner's contact information
    5385 River Rd Washington, NC 27889
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    Washington, NC 27889
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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
    5385 River Rd Washington, NC 27889
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