1409 Ehringhaus St Elizabeth City, NC 27909
- Super regional malls
- 19.22 lot acres
Current Use by Public Records
- Shoe Dept. Encore / Shoe Store / Fashion Accessories Store
- Hibbett Sports / Shoe Store / Fashion Accessories Store
- Five Below / Fashion Accessories Store / Toy Store
- bealls / Clothing Store / Fashion Accessories Store
- Ace Wireless / Cell Phone Store / Telecommunications
Property Details for 1409 Ehringhaus St
- Year built
- 1969
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 19.22 lot acres
- Zone code
- GB
- Property type
- Super regional malls
- APN
- 891310360793
- APU
- 891310360793
Description
This exceptional retail space, located at 1409 W Ehringhaus St, Elizabeth City, NC 27909, offers a prime opportunity for a national retail credit tenant seeking a build-to-suit option. The property, part of Southgate Park Shopping Center, boasts a 20-foot wide storefront within a 2,000 square foot building, with a minimum divisible space of 1,500 square feet. The zoning is GB. The property's location in Elizabeth City's central business district provides excellent visibility and accessibility. This desirable shopping center features a strong tenant mix, including Belk's, GNC, Saslow's Jewelers, Five Below, Shoe Dept., Burke's, Hibbett Sports, ULTA Beauty, and Starbucks. Convenient outparcel locations house Wells Fargo and PNC Bank. The property is situated near the intersection of W Ehringhaus St and Cardwell Street, and its APN is 891310360793. A long-term lease (10+ years) is available. This build-to-suit opportunity allows for customization to meet specific tenant needs, making it an ideal location for a business seeking a prominent presence in a thriving retail environment within the Hampton Roads VA submarket. The property is classified as a retail shopping center with multiple tenancies.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $645,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $715,000
- 6.5%
- $760,000
- 7%
- $770,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $725,000
- Geo Method
- $730,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $750,000
- Retail
- $590,000
- Mixed-Use
- $745,000
- Hospitality
- $785,000
- Educational
- $735,000
- Residential Income
- $775,000
- Energy
- $635,000
- Income-Based Land
- $590,000
- Food Service
- $655,000
Location Insight
- Map
- Local Demand
- City
- Elizabeth City
- County
- Pasquotank
- State
- North Carolina
- Longitude
- -76.2408
- Latitude
- 36.2929
- CBSA code
- 21020
- CBSA name
- ELIZABETH CITY, NC MICROPOLITAN STATISTICAL AREA
