Renovated Mixed-Use Property For
For Sale
Contact for pricing
606 E Fearing St, Elizabeth City, NC 27909
Downtown Elizabeth City commercial and residential units, fully renovated in 2022.
Property Size3,414 SF
Price / SF$215.29
Days on Market175
Property Features for 606 E Fearing St
General Information
Standard status
Active
Size
3,414 SF
Property subtype
Mixed Use, Multifamily, Retail
Zoning
CB
Lease Type
Gross
Building Details
Year Built
1945
Year Renovated
2020
Stories
2
Units
4
Listing Agency:
The Rich Company
(252) 562-8889
Listed By:
Kellen Long · License #362488
Source:
Crexi
Added: Feb 18
Changed: Aug 8
Last Checked: Aug 10 at 3:12PM
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 The Rich Company
Investment Insights
Based on property information with market context.
This mixed-use property is located in Downtown Elizabeth City. The historic property was fully renovated in 2022, with updates to the framing, electrical, plumbing, HVAC, TPO roof, and fire suppression system. The property has a total size of 3,414 square feet. It includes three fully occupied second-floor apartments, each with one bedroom and one bathroom, generating $1,300 per month per unit. Apartment sizes are 675 square feet, 725 square feet, and 795 square feet, and each apartment is equipped with stainless steel appliances. The apartments have a separate first-floor entrance on Fearing Street. The property also features a 1,219-square-foot ground-floor commercial space that includes an open retail area, a small office, and a restroom. The commercial unit is currently occupied, but the tenant will vacate on April 1st. The commercial unit is being advertised at $1,730 per month. The property is part of a recently recorded condominium, allowing the units to be sold individually, making it suitable for a business owner or investor.
Key Highlights
- Fully renovated in 2022 with new framing, electrical, plumbing, HVAC, TPO roof, and fire suppression system.
- Three fully occupied 1 bed/1 bath apartments generating $3,900/month.
- Prime Downtown Elizabeth City location suitable for business owner or investor.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown Elizabeth City commercial and residential units, fully renovated in 2022.
Where is this mixed-use property located?
The property is located at 606 E Fearing St Elizabeth City, NC.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Fully renovated in 2022 with new framing, electrical, plumbing, HVAC, TPO roof, and fire suppression system.; Three fully occupied 1 bed/1 bath apartments generating $3,900/month.; Prime Downtown Elizabeth City location suitable for business owner or investor.
