35050 35050, Engelhard, NC 27824
This exceptional 12,400+ square foot commercial property, situated on a 1.78-acre lot in the tranquil town of Engelhard, North Carolina, presents a remarkable investment opportunity. Formerly the East Carolina Bank headquarters, this two-story building offers unparalleled versatility. Its expansive layout includes 13 rooms on the ground floor and 15 on the second, all conveniently accessible via an elevator and staircases located at either end of the structure. The main building features a striking lobby with tile flooring and vaulted ceilings, complemented by numerous tiled bathrooms on both levels. A large gas fireplace in the former conference room adds a unique architectural detail. The property's flexible floor plan allows for seamless adaptation to a wide range of uses, including a boutique hotel, bed and breakfast, hunting lodge, medical or county offices, or an event venue. The possibilities are truly limitless. In addition to the main building, a secondary metal structure provides ample storage or additional office space. While the electrical and plumbing systems in the secondary building require further evaluation, the main building is connected to county water and sewage. This property is offered by motivated sellers, making it an exceptional opportunity for discerning buyers. The property's size and location in the charming rural setting of Engelhard offer a unique blend of convenience and tranquility.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.