158 Intersection, Elizabeth City, NC 27909
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.
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
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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.