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Historic District Medical Office
For Sale
$349,000

416 E Colonial Avenue, Elizabeth City, NC 27909

Commercial Sale, Elizabeth City, NC

Property Size2,775 SF
Lot Size0.10 Acres
Price / SF$125.77
Days on Market95

Property Features for 416 E Colonial Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning CB
Directions Elizabeth or Road St to Colonial Avenue - Located beside Colonial Restaurant and Cafe and behind Harbor Pharmacy
Standard status Active
APN 891308899716
Size 2,775 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Map 1-D-4A
Tax Annual Amount 2661
Legal Description Map 1-D-4A

Utilities

Heating system Electric (Heating)

Amenities

covered entry
exposed brick
large windows
break room kitchenette

Building Details

Year built 1967
Listing Agency: Howard Hanna WEW/EC
Listed By: Allison Evans · License #226215
Added: Jul 18 Changed: Oct 20 Last Checked: Oct 20 at 10:06PM
MLS# 100590032

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.

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Investment Insights

Based on property information with market context.

This 2,775-square-foot medical office property offers a single-story layout with six private offices and four restrooms. The front portion includes a covered entrance, spacious lobby and reception area, exposed brick, and large windows. Farther inside, an open central area connects to offices of varying sizes, while the rear includes two public restrooms, a private office with its own bath and closet, another office with storage, and a kitchenette with a separate rear entrance and restroom. The utility room provides space for HVAC, mechanical equipment, and storage.

Built in 1967, the property is located within Elizabeth City's downtown historic district and is adjacent to a building dating to the 1800s. The property is zoned CB and includes an assumable leased parking arrangement. Extensive plumbing and sinks support continued medical use and may accommodate salon or spa operations. The sale is for the building, with the seller open to discussing the practice and selected personal property separately.

Key Highlights

  • 2,775‑square‑foot single‑story medical office
  • Six private offices and four restrooms
  • Spacious lobby with exposed brick and large windows

Property Analytics

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Current Use

Morris & Taylor Ltd Dental Office Carolina Coast Pediatric ... Dental Office Van Belois H ... Dental Office Dr. Glenwood Morris Dental Office

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Furniture & Home Goods Storage Facility Garden Center Home Appliance Store

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

734
Businesses Nearby
Under-served
Demand for This Use

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 Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Medical Office Space - Well-maintained professional office with multiple private rooms, exposed brick, natural light, and covered entry.
Where is this medical office space located?
The property is located at 416 E Colonial Avenue Elizabeth City, NC.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2,775‑square‑foot single‑story medical office; Six private offices and four restrooms; Spacious lobby with exposed brick and large windows
More about this property
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