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Flex Space with Multiple Improvements
For Sale
$500,000
Pending

435 Tranters Creek Drive, Washington, NC 27889

Commercial Sale, Washington, NC

Property Size9,892 SF
Lot Size5.70 Acres
Days on Market115

Property Features for 435 Tranters Creek Drive

General Information

Property type Commercial Sale
Property subtype Other
Zoning I-2
Subdivision Not In Subdivision
Directions Coming from Washington, take US-264 East. Turn left on to Tranters Creek Dr. Turn left onto Periwinkle Lane. Properties are down on the right side.
Standard status Pending
APN 12178
Size 9,892 SF
Lot size 5.70 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description REID 12178 Lot 9
Tax Annual Amount 3906
Legal Description REID 12178 Lot 9

Utilities

Heating system Natural Gas, Electric (Heating)

Building Details

Year built 1964
Number of units 2
Flooring type Concrete
Building materials Steel Frame
Roof type Metal
Listing Agency: United Real Estate East Carolina
Listed By: Dan Jenkins · License #242367
Added: Apr 30 Changed: Aug 19 Last Checked: Aug 21 at 11:06PM
MLS# 100570760

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 I-2-zoned flex property occupies 5.7 acres and includes a 7,300-square-foot warehouse, 1,080 square feet of office space, and a second 1,512-square-foot warehouse. A 4,000-square-foot covered steel-frame shelter and two utility buildings add substantial supporting improvements. The property was built in 1964 and features concrete flooring, a metal roof, and heating supplied by natural gas and electric systems.

Long-term tenants currently occupy the property and have expressed interest in remaining. The combination of warehouse, office, covered shelter, and auxiliary buildings provides a varied commercial configuration within the existing improvements.

Key Highlights

  • 5.7‑acre flex property zoned I‑2
  • 7,300‑square‑foot warehouse plus a 1,512‑square‑foot second warehouse
  • 1,080 square feet of office space

Property Analytics

Current Use

Flex space

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

88
Businesses Nearby
Balanced
Demand for This Use

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 Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Flex space - I-2-zoned flex property with warehouse, office, covered storage, and utility buildings on a multi-acre site.
Where is this flex space located?
The property is located at 435 Tranters Creek Drive Washington, NC.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 5.7‑acre flex property zoned I‑2; 7,300‑square‑foot warehouse plus a 1,512‑square‑foot second warehouse; 1,080 square feet of office space
More about this property
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