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    127 5Th St Washington, NC 27889

    Sponsored
    For Sale
    $189,500

    0.32-acre commercial lot, high traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 0.32-acre commercial lot presents a unique investment opportunity in Washington, North Carolina. Located at the highly visible intersection of East 5th Street and North Bonner Street, this property boasts 107 feet of frontage on East 5th Street and 126 feet on North Bonner Street, providing two convenient access points. The site benefits from a daily traffic count of 14,000 vehicles, ensuring maximum exposure for any commercial venture. Zoned B2, this level and clean lot is ready for immediate development, making it ideal for a variety of commercial uses, including retail, office space, or other businesses. The strategic stoplight corner location guarantees high visibility and accessibility for customers. This property is offered at $189,500 and is suitable for a 1031 exchange. Its prime location in the growing Washington, NC market, combined with its exceptional visibility and accessibility, makes this a truly outstanding opportunity for investors seeking a high-impact commercial property. The site's size and location offer significant potential for return on investment. Don't miss this chance to secure a prominent location in a thriving community.

    Property Features for 127 5Th St

    General Information

    Property type
    Land
    Lot Size
    13,939 SF

    HighLights

    • 0.32‑acre commercial lot in Washington, NC, ideal for immediate development.
    • High‑visibility corner lot at East 5th & North Bonner Streets with 107' and 126' of frontage, respectively.
    • 14,000 daily vehicle traffic count ensures maximum exposure.
    • B2 zoning allows for various commercial uses, including retail and office.
    • Offered at $189,500 and suitable for a 1031 exchange.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single Source, Inc ... Paint Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Beaufort
    State
    North Carolina
    Longitude
    -77.0517114
    Latitude
    35.5461105

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    FAQs

    What type of property is this?
    Land - 0.32-acre commercial lot, high traffic
    Where is this land located?
    The property is located at 127 5Th St Washington, NC.
    What is the asking price?
    The asking price for this property is $189,500.
    What are key features of this property?
    This property features: 0.32-acre commercial lot in Washington, NC, ideal for immediate development.; High-visibility corner lot at East 5th & North Bonner Streets with 107' and 126' of frontage, respectively.; 14,000 daily vehicle traffic count ensures maximum exposure.
    (252) 623-2060
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    127 5Th St Washington, NC 27889
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    127 5Th St Washington, NC 27889
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