101 Commercial Blvd Elizabeth City, NC 27909
- Retail space
- 2.65 lot acres
Current Use by Public Records
- Petsense by Tractor Supply / Pet Supply Store / Pet Groomer
- Verizon / Cell Phone Store / Internet Service Provider
Property Details for 101 Commercial Blvd
- Year built
- 2010
- Construction
- FRAME
- Lot size
- 2.65 lot acres
- Zone code
- C-1
- Property type
- Retail space
- APN
- 7993 571250
- APU
- 7993571250
Description
This exceptional 4,898 square foot retail space in Pasquotank County is perfectly situated in Elizabeth City's newest business center, directly off Route 17 Bypass and Halstead Extension. The property, classified as Class C, offers multiple suites within a single building, with a minimum divisible space of 2,372 square feet and a maximum contiguous space of 2,526 square feet. Currently, the entire 4,898 square feet is vacant, presenting a unique opportunity for a single tenant or the potential for division. The location is strategically positioned within a rapidly growing area, adjacent to a new apartment complex, the Sentara Hospital campus, and new residential developments, ensuring high foot traffic and visibility. Existing tenants include established businesses such as Sentara, Verizon, and Pet Sense, creating a diverse and complementary tenant mix. The surrounding area boasts a variety of restaurants, coffee shops, and other retail establishments, further enhancing the property's appeal and potential for success. Both available spaces are open and ready for immediate occupancy, suitable for local businesses or national franchises seeking a prime location in a thriving community. This is an unparalleled opportunity to establish a presence in a dynamic and expanding market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,590,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,405,000
- 6.5%
- $1,310,000
- 7%
- $1,415,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,485,000
- Geo Method
- $1,425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,185,000
- Retail
- $1,555,000
- Mixed-Use
- $1,325,000
- Hospitality
- $1,270,000
- Educational
- $1,240,000
- Residential Income
- $1,360,000
- Energy
- $1,200,000
- Income-Based Land
- $1,150,000
- Food Service
- $1,265,000
Location Insight
- Map
- Local Demand
- City
- Elizabeth City
- County
- Pasquotank
- State
- North Carolina
- Longitude
- -76.3018
- Latitude
- 36.2952
- CBSA code
- 21020
- CBSA name
- ELIZABETH CITY, NC MICROPOLITAN STATISTICAL AREA
