Property profile

35050 35050 Engelhard, NC 27824

OFF-MARKET
Commercial real estate
1.78 ac lot Built 2004
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Year built 2004
Lot 1.78 ac (77,537 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

35050 35050 Engelhard, NC 27824
Engelhard metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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