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Drive-Through Restaurant with Kitchen Equipment
New
For Lease
$7,502/Mo

1237 N Road Street, Elizabeth City, NC 27909

Commercial Lease, Elizabeth City, NC

Space Size3,380 SF
Lot Size1.24 Acres
Days on Market4

Property Features for 1237 N Road Street

General Information

Property type Commercial Lease
Property subtype Other
Zoning GB
Parking features Parking Lot
Appliances Tankless Water Heater
Lot features Corner Lot
Directions Located at the corner of N Road Street and Jennings Drive, directly across from the YMCA and COA Medical Campus.
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
Expense value 5000
Expense SecurityDeposit
Expense freq. One Time
Legal Description Shoreline Development - NC, LLC

Utilities

Heating system Natural Gas, Heat Pump (Heating)
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: Oct 1 Last Checked: Oct 4 at 4:06PM
MLS# 100607594

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 parcel and is zoned GB. The interior includes a large dining room beneath a wood-lined vaulted ceiling, along with kitchen equipment such as 4-, 5-, and 7-foot hoods, a walk-in cooler and freezer, fryer, ice maker, and warming table. Central air, natural gas, and a flat roof are also noted.

The building sits at the corner of North Road Street and Jennings Drive, with a curb cut on each road. It is across from College of the Albemarle, which has 3,000 students. The site includes 36 parking spaces, a drive-through, landscaped areas with mature oak trees and shrubs, and an enclosed double dumpster corral. The property is offered for lease.

Key Highlights

  • 3,380‑square‑foot restaurant on 1.24 acres
  • Drive‑through and curb cuts on North Road Street and Jennings Drive
  • 36 parking spaces

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

Single-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Yes
Commercial hood
NNN (Triple Net)
Lease Type
$4.00 /SF/Yr
CAM

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
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Frequently Asked Questions

What type of property is this?
Drive through restaurant - Food-service equipment, on-site parking, and a drive-through are already in place.
Where is this drive through restaurant located?
The property is located at 1237 N Road Street Elizabeth City, NC.
What is the lease rate?
The lease rate is $7,502/Mo.
What are key features of this property?
This property features: 3,380‑square‑foot restaurant on 1.24 acres; Drive‑through and curb cuts on North Road Street and Jennings Drive; 36 parking spaces
More about this property
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