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    814 15Th St Washington, NC 27889

    Sponsored
    For Sale
    $1,350,000

    3.5-acre prime retail plot, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.5-acre commercial property in Washington, North Carolina, presents a remarkable investment opportunity. Located on 15th Street, this strategically positioned lot boasts 140 feet of road frontage and benefits from a high daily traffic count of 18,500 vehicles. Dual access points from 15th Street and Minuteman Lane ensure convenient ingress and egress for customers and employees. The property's versatility allows for a wide range of development options, making it suitable for various commercial uses, including restaurants, shopping centers, storefronts, grocery stores, coffee shops, retail outlets, or fast-food establishments. The seller is open to subdividing the land to accommodate specific business needs. This property is situated in Washington, NC, a city known for its picturesque location on the Pamlico River, its business-friendly environment, and its access to a skilled workforce. The lower cost of living and proximity to educational institutions make this location particularly attractive for businesses seeking a cost-effective and thriving community. The APN is 5676-84-2679. The asking price for this exceptional property is $1,350,000. This is a rare opportunity to establish a successful business in a vibrant and growing community. Don't miss out on this chance to secure a prime location with significant potential for growth and return on investment.

    Property Features for 814 15Th St

    General Information

    Property type
    Lifestyle centers
    Lot Size
    152,460 SF

    HighLights

    • 3.5‑acre lot in Washington, NC, with 140 feet of frontage on 15th Street and 18,500 daily vehicles.
    • Dual access from 15th Street and Minuteman Lane.
    • Possible subdivision to accommodate specific business needs.
    • Suitable for restaurants, retail, and fast food establishments.
    • Washington, NC offers a low cost of living, skilled workforce, and a business‑friendly environment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Beaufort
    State
    North Carolina
    Longitude
    -77.0549273
    Latitude
    35.5619726

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    FAQs

    What type of property is this?
    Lifestyle center - 3.5-acre prime retail plot, high traffic.
    Where is this lifestyle center located?
    The property is located at 814 15Th St Washington, NC.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: 3.5-acre lot in Washington, NC, with 140 feet of frontage on 15th Street and 18,500 daily vehicles.; Dual access from 15th Street and Minuteman Lane.; Possible subdivision to accommodate specific business needs.
    Request Owner's contact information
    814 15Th St Washington, NC 27889
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    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
    814 15Th St Washington, NC 27889
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