3810 Conlon Way, Elizabeth City, NC 27909
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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.