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Waterfront Mixed-Use Property
For Sale
Contact for pricing
Pending

400 S Water Street, Elizabeth City, NC 27909

Waterfront commercial asset with leased restaurant and office-retail components.

Property SizeContact for details
Days on Market143

Property Features for 400 S Water Street

General Information

Standard status Pending
Property subtype Retail, Office

Amenities

boat slips

Building Details

Tenancy Multi
Listing Agency: Mary S. Chappell Realty
Listed By: Claudia Twiford · License #NC
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 2:24PM

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 Mary S. Chappell Realty

Investment Insights

Based on property information with market context.

Located at 400 S Water Street in Elizabeth City, this mixed-use commercial property combines leased business space with marine-related improvements. The offering includes 11 leased spaces and 9 boat slips, creating a varied commercial configuration along the downtown waterfront.

Current occupants include Groupers Restaurant along with professional and retail office users. The sale excludes the third-floor condominiums, clearly defining the portion of the property included in the offering.

Key Highlights

  • 11 leased commercial spaces included in the offering
  • 9 boat slips along the downtown waterfront
  • Current occupancy includes Groupers Restaurant and professional and retail offices

Property Analytics

Current Use

Rich Co Real Estate Agency Rock Paper Scissors Hair Salon Visit Elizabeth City ... Travel Agency G. E. Small, ... Law Firm Pathways Counseling Center ... Medical Clinic

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Parking Lot & Garage Auto Parts 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.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

689
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Waterfront commercial asset with leased restaurant and office-retail components.
Where is this mixed-use property located?
The property is located at 400 S Water Street Elizabeth City, NC.
What are key features of this property?
This property features: 11 leased commercial spaces included in the offering; 9 boat slips along the downtown waterfront; Current occupancy includes Groupers Restaurant and professional and retail offices
More about this property
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