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    OFF-MARKET
    Land

    158 Intersection, Elizabeth City, NC 27909

    62 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 62-acre commercial land parcel presents a prime development opportunity at the highly visible intersection of Highway 17 and Highway 158 in Elizabeth City, North Carolina. Located in Pasquotank County, this strategically positioned property offers significant potential for a variety of commercial uses. The site boasts approximately 58 acres of total land, with 18 acres of uplands situated closest to the corner intersection. A portion of the property (approximately 4 acres) has already been sold and is currently under construction as a Bojangles restaurant, demonstrating the strong market demand in this location. The remaining land is available for purchase as a whole for $900,000, or can be divided into smaller outparcels ranging from 1 to 8 acres. These outparcels can be customized to meet specific development needs, with pricing available upon request. Ideal uses for this property include retail, gas stations, quick-service restaurants, family-style restaurants, pharmacies, grocery stores, or office/medical facilities. The property's location near the North Carolina/Virginia state line ensures high traffic volume and excellent visibility, making it an attractive investment for developers seeking a high-impact commercial project. The zip code is 27909.

    Property profile
    Verified
    Property type Land
    Lot 62 ac (2,700,720 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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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