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Three-Story Riverfront Office Building
For Sale
$475,000

117 S Water Street, Elizabeth City, NC 27909

Corner property in the Central Business District with original brick construction and a pitched rubber membrane roof.

Property Size5,460 SF
Price / SF$260.99
Days on Market442

Property Features for 117 S Water Street

General Information

Standard status Active
Size 5,460 SF
Elevators Yes
Property subtype General Commercial

Additional Details

Corner Location Yes

Taxes and HOA fees

Annual Taxes $1,600

Amenities

Window/Wall Unit
3
CB
Parking. Corner Lot.
Public, On Street.
River
26'7'' by 71'9''
Central Business District, River Front, Corner.

Building Details

Year Built 1885
Buildings 1
Stories 3
Building Size 5,460 SF
Construction brick
Listing Agency:
Listed By: Rich Company
Source: Xome
Added: Jun 15, 2025 Changed: Aug 29 Last Checked: Aug 29 at 3:52PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rich Company

Investment Insights

Based on property information with market context.

This three-story office building dates to 1885 and occupies the corner of Water and Fearing Streets in Elizabeth City. The property has direct views of the Pasquotank River, with approximately 1,820 square feet per floor noted in the property information. Original brick remains beneath vinyl siding, and more than 26 segmented windows measuring 6'5'' by 3' have been blocked with cinderblocks. Ceiling heights are 11 feet on the first floor and 10 feet on the upper floors.

Access to the second and third floors is provided by stairs, while the freight elevator's condition is unknown. The first floor is occupied by a month-to-month tenant. A pitched, heavy-duty rubber membrane roof was installed approximately 10 years ago. The property is identified as Central Business District and riverfront, with corner positioning and public, on-street parking.

Key Highlights

  • Three‑story office building constructed in 1885
  • Direct views of the Pasquotank River from the Water Street corner
  • Approximately 1,820 square feet per floor

Property Analytics

Current Use

Albemarle & Associates Ltd Engineer Singer Sewing & Vacuum ... (Bike/Boat/Book/etc) Store Cascade Financial Planning Financial Advisor Cascade Financial Planning ... Financial Advisor

Suggested Use

Top Pick Parking Lot & Garage Furniture & Home Goods Storage Facility Carpet & Flooring Store (Bike/Boat/Book/etc) Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

713
Businesses Nearby

Demographics for 27909, NC

40,606
Population
17,591
Households
2.3
Avg Household Size
40
Median Age
27%
College-Educated
90%
High-School Grad
226.9 sq mi
ZIP Area
179
Density / Sq Mi
$64,039
Median Household Income
$40,399
Median Earnings
$1,146
Median Rent
$223,400
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Corner property in the Central Business District with original brick construction and a pitched rubber membrane roof.
Where is this office building located?
The property is located at 117 S Water Street Elizabeth City, NC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three‑story office building constructed in 1885; Direct views of the Pasquotank River from the Water Street corner; Approximately 1,820 square feet per floor
More about this property
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