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Mixed-Use Building with Covered Porch
New
For Sale
$148,500

122 W 5th St, Washington, NC 27889

B-2 zoning allows retail or office use, with the option for residential space on the upper floor.

Property Size840 SF
Price / SF$176.79
Days on Market5

Property Features for 122 W 5th St

General Information

Standard status Active
Size 840 SF
Property subtype Commercial
Zoning B-2

Amenities

wood floors
updated HVAC
updated plumbing
updated electrical
full kitchen
washer/dryer
tankless water heater
off-street parking
fenced rear yard
covered front porch
deck

Building Details

Year Built 1930
Buildings 1
Listing Agency: The Rich Company
Listed By: Jay Martin · License #80585
Source: Myhomesearchtriangle
Added: Sep 30 Changed: Oct 3 Last Checked: Oct 3 at 2:29AM

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 The Rich Company

Investment Insights

Based on property information with market context.

This 1930 mixed-use building has commercial space on the first floor, where a business is operating, and an upper level that can be used as residential space or configured with four offices or bedrooms and a full bathroom. Interior features include wood floors, a full kitchen, a washer and dryer, and a tankless water heater. HVAC, plumbing, and electrical systems have been updated. A covered porch spans the front, while a rear deck connects to the conference or great room. The property also has a fenced rear yard and off-street parking.

At 122 W 5th St in Washington, the building fronts Fifth Street, where drive-by traffic is noted. It is five blocks from the river. The property is zoned B-2 for retail or office use.

Key Highlights

  • B‑2 zoning permits retail or office use
  • Upper floor can serve as residential space or four offices/bedrooms, with a full bathroom
  • Updated HVAC, plumbing, and electrical systems

Property Analytics

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Current Use

The Yellow Swing Studio Discount Store

Suggested Use

Top Pick Electrical Service Carpet & Flooring Store Catering Service Plumbing Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

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

930
Businesses Nearby
24k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 93% Apparel 4% Home Improvements & Furnishings 3%
Shell Shops & Services
7,174 visits/mo 0.1 miles
Family Dollar Shops & Services
4,585 visits/mo 0.2 miles
76 Shops & Services
4,516 visits/mo 0.5 miles
O'Reilly Auto Parts Shops & Services
3,657 visits/mo 0.4 miles
United Bank Shops & Services
2,515 visits/mo 0.2 miles

Demographics for 27889, NC

26,054
Population
12,956
Households
2
Avg Household Size
45
Median Age
21%
College-Educated
87%
High-School Grad
176.1 sq mi
ZIP Area
148
Density / Sq Mi
$52,694
Median Household Income
$36,058
Median Earnings
$847
Median Rent
$184,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - B-2 zoning allows retail or office use, with the option for residential space on the upper floor.
Where is this mixed-use property located?
The property is located at 122 W 5th St Washington, NC.
What is the asking price?
The asking price for this property is $148,500.
What are key features of this property?
This property features: B‑2 zoning permits retail or office use; Upper floor can serve as residential space or four offices/bedrooms, with a full bathroom; Updated HVAC, plumbing, and electrical systems
More about this property
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