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    OFF-MARKET
    Land

    3810 Conlon Way, Elizabeth City, NC 27909

    38.86 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 38.86 ac (1,692,742 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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