1221 Carolina Ave Elizabeth City, NC 27909-5407
This exceptional 1.35-acre commercial property, located at 1221 Carolina Avenue in Elizabeth City, North Carolina, presents a unique investment opportunity. Boasting a substantial 14,295 square feet of space, this property is zoned AD1, offering a wide range of potential uses. The asking price is $650,000, translating to a price per square foot of $45.47. Originally constructed in 1968, the property's existing structure provides a solid foundation for redevelopment or repurposing. The ample lot size allows for significant flexibility in development plans. The property's location in Elizabeth City, Pasquotank County (zip code 27909), offers convenient access to local amenities and transportation routes. The property's Assessor's Parcel Number (APN) is 0010129. Preliminary work has already been undertaken, streamlining the process for future development. This property is ideal for investors seeking a versatile commercial space with significant upside potential. The property's size and zoning make it suitable for a variety of commercial ventures, ensuring a strong return on investment. Contact us today to learn more about this exciting opportunity.
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
AD1 · 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.