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Drive-Through Restaurant with Kitchen Equipment
New
For Sale
$899,000

1237 N Road Street, Elizabeth City, NC 27909

Commercial Sale, Elizabeth City, NC

Property Size3,380 SF
Lot Size1.24 Acres
Price / SF$265.98
Days on Market2

Property Features for 1237 N Road Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning GB
Parking features Parking Lot
Appliances Tankless Water Heater
Lot features Corner Lot
Directions Enter 1237 N Road Street in your navigation app, located adjacent to Taco Bell across from COA.
Standard status Active
APN 891402796029
Size 3,380 SF
Lot size 1.24 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description Shoreline Development - NC, LLC
Tax Annual Amount 13043
Legal Description Shoreline Development - NC, LLC

Utilities

Heating system Heat Pump (Heating), Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 2006
Roof type Flat
Listing Agency: Rich Company
Listed By: Alex Rich · License #261159
Added: Sep 30 Last Checked: Oct 1 at 7:06AM
MLS# 100607191

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 2006, this 3,380-square-foot restaurant occupies a 1.24-acre corner parcel. The building includes a large dining room, a drive-through, and a wood-finished vaulted ceiling. Kitchen equipment includes three exhaust hoods, a walk-in cooler and freezer, fryer, warming table, ice maker, soda equipment, and an ice cream machine. The property is offered for sale or under a NNN lease structure.

The site is at North Road Street and Jennings Drive, with curb cuts on both roads. College of the Albemarle, with 3,000 students, is across the street. The parcel has 36 parking spaces, established oak and shrub landscaping, an enclosed double dumpster corral, and natural gas service. Zoned GB, the building also has central air and a flat roof.

Key Highlights

  • 3,380‑square‑foot restaurant on a 1.24‑acre parcel
  • Drive‑through and curb cuts on North Road Street and Jennings Drive
  • 36 parking spaces; College of the Albemarle, with 3,000 students, is across the street

Property Analytics

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Current Use

Captain D's Restaurant

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Hair Salon Grocery & Convenience Store (Bike/Boat/Book/etc) Store Storage Facility

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

Lease Details

Yes
Paved road access
Yes
Utilities to site
Yes
Commercial hood

Location Intelligence

Trade Area within ½ mile

510
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
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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Drive through restaurant - The restaurant has a drive-through, a dedicated dining room, and commercial food-service equipment.
Where is this drive through restaurant located?
The property is located at 1237 N Road Street Elizabeth City, NC.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 3,380‑square‑foot restaurant on a 1.24‑acre parcel; Drive‑through and curb cuts on North Road Street and Jennings Drive; 36 parking spaces; College of the Albemarle, with 3,000 students, is across the street
More about this property
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