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    OFF-MARKET
    Medical Office Space

    102 Northside Park, Elizabeth City, NC 27909-9337

    1.65 ac lot Built 2011
    Individually Owned 10-yr Hold Free & Clear
    Property ID
    US53-4231682
    Property summary
    AI-generated overview

    This exceptional Class A medical office building, located at 102 Northside Park in Elizabeth City, North Carolina, presents a unique investment opportunity. Boasting 8,974 square feet on a 1.654-acre lot, this 2011-constructed building is zoned C-1 and offers ample parking with 62 spaces (a 7.5 per 1000 sq ft ratio). The property features a comprehensive layout ideal for medical practices, including three operating/procedure rooms, five exam rooms, six patient rooms, two physician offices, two reception/waiting areas, two nurses' stations, a physician's office, a manager's office, a kitchen, a laundry/medical waste room, a clean storage room, and a covered entrance with a convenient drop-off area. The building is equipped with a building-wide music system, three-phase electric, and 10-foot ceilings. A newer Trane HVAC system ensures efficient climate control. Its strategic location provides easy access to Sentara Albemarle Medical Center, East Carolina University, the downtown district, and Elizabeth City Regional Airport, making it an attractive option for both medical professionals and investors. The asking price is $749,000, translating to $83.46 per square foot. This property offers a compelling combination of functionality, location, and modern amenities.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2011
    Construction WOOD
    Lot 1.65 ac (72,048 SF)
    Zoning code C-1
    APN 8905 856640
    UPID US53-4231682
    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
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    Owner & transaction history
    Michael Sue · 10 yrs held
    Michael Sue
    since 2016
    2 recorded transactions
    2016
    2010
    Zoning & alternative use
    C-1 · Elizabeth City, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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