000 Halstead Blvd Ext, Elizabeth City, NC 27909
This ±45-acre commercial land parcel in Elizabeth City, NC, presents a unique investment opportunity. Currently undergoing rezoning to General Business, this strategically located property offers exceptional versatility for a variety of development projects, including retail, office, and multifamily uses. Its proximity to the new Sentara Albemarle Regional Health Campus, a major medical center creating over 1,000 new jobs, ensures a robust and growing workforce. The site benefits from its location near one of North Carolina's busiest Walmart Supercenters, attracting over 3 million visitors annually, and enjoys high traffic volume due to its position on Halstead Blvd. and US Route 17 (combined traffic count exceeding 38,000 vehicles per day). Further enhancing its appeal is the presence of a new Ryan Homes community with 425 residential lots and 168 multifamily units across the street, creating a strong residential base. Elizabeth City's position as a regional hub serving a 10-county trade area in Northeast North Carolina adds to the long-term growth potential. An anticipated traffic signal will further improve accessibility. This property offers significant potential for developers seeking a prime location within a thriving and expanding community. The zip code is 27909.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.