101 Commercial Blvd, Elizabeth City, NC 27909-8985
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.
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Petsense by Tractor Supply (Bike/Boat/Book/etc) Store Pet Store & Service
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Verizon Mobile Phone Store Electronics & Wireless Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Elizabeth City, NCElizabeth City. Always verify with local authorities before improvements.
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.