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

412 E Colonial Avenue, Elizabeth City, NC 27909

Commercial Sale, Elizabeth City, NC

Property Size5,347 SF
Lot Size0.21 Acres
Price / SF$82.10
Days on Market147

Property Features for 412 E Colonial Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning R-8
Parking features Parking Lot, Off Street
Directions Driving from Camden, Go over the bridge and take a left on N MLK Junior Dr. Take a left on E Colonial Ave and the building is on the left.
Standard status Active
APN 891308898893
Lot size 0.21 Acres

Taxes and HOA fees

Tax Year 2022
Tax Annual Amount 3121

Utilities

Utilities Water Available
Heating system Electric (Heating)
Water source Public

Building Details

Year built 1907
Flooring type Laminate, Wood, Vinyl
Building materials Brick, Vinyl Siding, Wood Frame
Roof type Flat, Membrane
Listing Agency: Asher RE LLC
Listed By: Dawn Young · License #325722
Added: Mar 27 Changed: Aug 19 Last Checked: Aug 20 at 6:06PM
MLS# 100562972

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 mixed-use property at 412 E Colonial Avenue includes a demoed first floor, second floor, and detached rear garage. The first floor contains approximately 1,676.74 square feet, while the second floor measures approximately 2,378.08 square feet. The garage adds approximately 1,292.52 square feet. Brick, vinyl siding, and wood-frame construction are present, with laminate, wood, and vinyl flooring. The building has electric heat, a membrane and flat roof, and public water available.

The 0.21-acre property includes a rear driveway and parking area, with the driveway exiting to McMorrine Street. It is within walking distance of the waterfront and is located in Elizabeth City, North Carolina. R-8 zoning applies to the property.

Key Highlights

  • Approximately 1,676.74 SF on the first floor and 2,378.08 SF on the second floor
  • Rear garage provides approximately 1,292.52 SF
  • First and second floors are demoed

Property Analytics

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

734
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 Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Flexible two-level layout with driveway access and parking behind the building.
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: Approximately 1,676.74 SF on the first floor and 2,378.08 SF on the second floor; Rear garage provides approximately 1,292.52 SF; First and second floors are demoed
More about this property
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