100 Water St, Elizabeth City, NC 27909
- Retail properties & Spaces
- 3,404 SF
- 0.11 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 100 Water St
- Year built
- 1930
- Lot size
- 0.11 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This iconic, 3,404 sq ft building in downtown Elizabeth City presents a unique opportunity. Located in a Qualified Opportunity Zone, this single-tenant property sits on a 4,952 sq ft corner lot at the intersection of Main Street. Completely renovated in 2024, it boasts a new roof and a gutted interior, ready for a tenant's build-out. Detailed restaurant plans are available, featuring a bar with 18 seats, 60 interior seats, and 68 exterior seats, a full kitchen, and ADA-compliant restrooms. The asking rent is $5,000 per month triple net (NNN) for a long-term lease with landlord-funded build-out; however, lower rates are negotiable for less extensive renovations. The property's adaptive reuse is subject to approval by the NC State Historic Preservation Office; however, given the completed interior demolition, floor plan approval is anticipated to be straightforward, with limited exterior modifications. The building is also enrolled in the NC Dry Cleaning Solvent CleanUp Act Program. Built in 1930, this one-story building offers a blend of historic charm and modern adaptability, making it ideal for a variety of uses, including office, retail, or restaurant spaces. The property's zoning is CB, and its APN is 891308995209 in Pasquotank County. The property taxes are $0.50 per square foot. There is no elevator. The building's approximately 3,011 sq ft of interior space offers ample room for customization.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elizabeth City
- County
- Pasquotank
- State
- North Carolina
- Longitude
- -76.2186
- Latitude
- 36.2994
