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Mixed-Use Property with Rear Garage
New
For Sale
$439,000

412 E Colonial Avenue, Elizabeth City, NC 27909

R-8 zoning and a rear driveway connecting to McMorrine Street support the property's commercial configuration.

Property SizeContact for details
Days on Market2

Property Features for 412 E Colonial Avenue

General Information

Standard status Active
Property subtype Commercial
Zoning R-8

Property Condition

Severity Major Repairs Needed
Evidence First and second floor of this versatile property is demoed

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $3,120

Amenities

Laminate,Vinyl,Wood
No
Yes
Public,Public2
0.21
Driveway in back that exits to McMorrine
Brick,Vinyl Siding
Public,Parking Lot,Gravel,Off Street
Paved
Crawl Space
Private Road,City Street,State Road,Paved
0.0

Building Details

Year Built 1907
Stories 2
Listing Agency:
Listed By: Janis Stewart
Source: Baystreetrealtygroup
Added: Oct 19 Last Checked: Oct 19 at 3:15AM

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 Janis Stewart

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Investment Insights

Based on property information with market context.

Built in 1907, this mixed-use property has first- and second-floor areas that have been cleared down to the interior shell. The first floor measures 1,676.74 square feet, and the second floor provides 2,378.08 square feet. A 1,292.52-square-foot garage sits at the rear, alongside a driveway and parking area. The property is zoned R-8.

The rear driveway connects to McMorrine Street. The garage and parking area provide additional on-site space behind the building.

Key Highlights

  • First floor: 1,676.74 square feet; second floor: 2,378.08 square feet
  • Rear garage measures 1,292.52 square feet
  • First and second floors have been demoed

Property Analytics

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Current Use

Lennie L Hughes ... Law Firm Asfalis Inc (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Locksmith (Bike/Boat/Book/etc) Store Butcher Acupuncture

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

Location Intelligence

Trade Area within ½ mile

987
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
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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

Frequently Asked Questions

What type of property is this?
Mixed-use property - R-8 zoning and a rear driveway connecting to McMorrine Street support the property's commercial configuration.
Where is this mixed-use property located?
The property is located at 412 E Colonial Avenue Elizabeth City, NC.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: First floor: 1,676.74 square feet; second floor: 2,378.08 square feet; Rear garage measures 1,292.52 square feet; First and second floors have been demoed
More about this property
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