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    3810 Conlon Way Elizabeth City, NC 27909

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    38 Acres, High-Growth Elizabeth City

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 38.86-acre commercial land parcel presents a remarkable investment opportunity in Elizabeth City, North Carolina's thriving Tanglewood trade area. Comprising two contiguous tracts (13.46 acres and 25.4 acres), this property offers unparalleled potential for diverse large-scale development. Its strategic location directly abuts the successful Tanglewood Pavilions Shopping Center, a Walmart Supercenter, and numerous retail and restaurant establishments, ensuring high visibility and immediate access to a substantial customer base. The site benefits from convenient access via two signalized intersections, maximizing accessibility and exposure. Furthermore, its proximity to the new Sentara hospital (generating 1,000 jobs) on Halstead Boulevard provides a significant and growing demand driver. The property's location along US Route 17 offers seamless connectivity to the Virginia Beach-Norfolk-Newport News Metropolitan Statistical Area and a large portion of northeastern North Carolina. Existing and readily available infrastructure further enhances the property's development potential. The abundance of nearby shops and services solidifies its position within a regional hub market, making it an ideal location for retail, residential, or a combination of uses. This is a rare opportunity to acquire a significant land holding in a rapidly expanding area. The property is located at 3810 Conlon Way, Elizabeth City, NC 27909, in Pasquotank County.

    Property Features for 3810 Conlon Way

    General Information

    Property type
    Land
    Lot Size
    1,692,742 SF

    HighLights

    • Excellent visibility and co‑tenancy with Walmart Supercenter and Tanglewood Pavilions Shopping Center.
    • Two signalized access points for convenient ingress/egress.
    • High visibility to new Sentara hospital, creating strong employment‑driven demand.
    • Strategic location with easy access to US Route 17, serving the Virginia Beach‑Norfolk‑Newport News MSA and northeastern North Carolina.
    • Existing and readily available site infrastructure.
    • Surrounded by a dense concentration of retail and service amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Auto Repair Shop Wholesale Shop Pharmacy Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth City
    County
    Pasquotank
    State
    North Carolina
    Longitude
    -76.291262
    Latitude
    36.296915

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    FAQs

    What type of property is this?
    Land - 38 Acres, High-Growth Elizabeth City
    Where is this land located?
    The property is located at 3810 Conlon Way Elizabeth City, NC.
    What are key features of this property?
    This property features: Excellent visibility and co-tenancy with Walmart Supercenter and Tanglewood Pavilions Shopping Center.; Two signalized access points for convenient ingress/egress.; High visibility to new Sentara hospital, creating strong employment-driven demand.
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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
    3810 Conlon Way Elizabeth City, NC 27909
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