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Multifamily Conversion Opportunity
For Sale
$850,000

305 S Road Street, Elizabeth City, NC 27909

Commercial Sale, Elizabeth City, NC

Property SizeContact for details
Lot Size0.29 Acres
Days on Market85

Property Features for 305 S Road Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning CB
Parking features Off Street, Driveway, Parking Lot
Directions From Church St, property is the second building on the right. From Ehringhaus St, the property is the last building on the left before the stoplight, across from Girls Incorporated.
Standard status Active
APN 891308787942
Lot size 0.29 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description PIN: 891308787942
Tax Annual Amount 5643
Legal Description PIN: 891308787942

Utilities

Utilities Cable Available
Heating system Electric (Heating), Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1960
Flooring type Tile, Concrete, Lvt/lvp
Building materials Block, Steel Frame
Listing Agency: Sam Davis & Associates Realty
Listed By: Sy Davis · License #320064
Added: Jun 22 Changed: Sep 12 Last Checked: Sep 14 at 3:06AM
MLS# 100583798

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.

This multifamily property is being converted from former office and warehouse space into private residential living areas. The planned configuration includes one- and two-bedroom units, each designed with a private entrance and parking space. Renovation work includes fixtures, plumbing, electrical systems, and HVAC, although the project is not fully complete.

The property encompasses 0.29 acres and is zoned CB. Built in 1960, the building features block and steel-frame construction, with concrete, tile, and LVT/LVP flooring. Heating is provided by electric forced air, cooling is central air, and public water service is available. Off-street parking, driveway access, and a parking lot are included.

Key Highlights

  • Partially completed conversion from office and warehouse space to private residential units
  • One- and two‑bedroom unit layouts with private entrances
  • Renovation includes new fixtures, plumbing, electrical, and HVAC

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Parking Lot & Garage HVAC Service (Bike/Boat/Book/etc) Store Home Appliance Store Butcher Furniture & Home Goods

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

906
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 Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Partially completed residential conversion with one- and two-bedroom layouts, private entrances, and designated parking.
Where is this multifamily property located?
The property is located at 305 S Road Street Elizabeth City, NC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Partially completed conversion from office and warehouse space to private residential units; One- and two‑bedroom unit layouts with private entrances; Renovation includes new fixtures, plumbing, electrical, and HVAC
More about this property
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