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Historic Multi-Room Office Property
For Sale
$590,000

401 N Market Street, Washington, NC 27889

Commercial Sale, Washington, NC

Property Size3,774 SF
Lot Size0.14 Acres
Price / SF$156.33
Days on Market60

Property Features for 401 N Market Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning B1H
Subdivision Historic District
Lot features Corner Lot
Directions 264 E Right on N Market St House on Left
Standard status Active
APN 42548
Size 3,774 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 1 LOT 401 NORTH MARKET ST AND 4TH ST
Tax Annual Amount 4050
Legal Description 1 LOT 401 NORTH MARKET ST AND 4TH ST

Utilities

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

Amenities

wraparound porch

Building Details

Year built 1900
Flooring type Tile, Carpet, Hardwood
Building materials Wood Siding, Wood Frame
Roof type Shingle, Metal
Listing Agency: The Rich Company
Listed By: Laura Mucci Gerard · License #316343
Added: Jul 8 Changed: Sep 4 Last Checked: Sep 5 at 3:06PM
MLS# 100601523

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 1900, this 3,774-square-foot property offers a multi-room interior with three full baths, generous shared areas, and a mix of hardwood, tile, and carpet flooring. Original hardwood remains in the foyer and formal rooms, while the building also features a wraparound porch, wood-frame construction, wood siding, and shingle and metal roofing. Upgrades include electrical improvements, downstairs HVAC, a gas tankless water heater, and extensive front-porch rebuilding.

The property occupies 0.14 acres at 401 N Market Street in Washington’s Historic Business District and is zoned B1H. Public water serves the site. Its layout has been associated with professional office, law firm, studio, gallery, hospitality, short-term rental, and combined business-residential uses, subject to district requirements. The property is located near downtown restaurants, shops, businesses, community activity, and Washington’s waterfront.

Key Highlights

  • 3,774‑square‑foot office property on 0.14 acres
  • Located in Washington’s Historic Business District
  • Multiple private rooms, 3 full baths, and generous common areas

Property Analytics

Current Use

The Kracked Pot LLC ... Alternative Medicine Practice

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Computer & Electronic Repair Carpet & Flooring Store Catering Service Plumbing Service

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
Utilities to site

Location Intelligence

Trade Area within ½ mile

896
Businesses Nearby

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

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - The interior includes multiple private rooms, three full baths, common areas, and original hardwood flooring.
Where is this office units located?
The property is located at 401 N Market Street Washington, NC.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: 3,774‑square‑foot office property on 0.14 acres; Located in Washington’s Historic Business District; Multiple private rooms, 3 full baths, and generous common areas
More about this property
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