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Property profile

135 Rich Blvd Elizabeth City, NC 27909

Office buildings
Property ID
US53-4091100
View Sample
0.84 ac lot Built 2011
Entity Owned 15-yr Hold ~ Est. High Equity
135 Rich Blvd, Elizabeth City, NC 27909-5518 For Sale
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135 Rich Blvd, Elizabeth City, NC 27909-5518
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Property summary

AI-generated overview

This exceptional 0.5945-acre commercial land parcel presents a remarkable investment opportunity in Elizabeth City, North Carolina. Located at 135 Rich Blvd, this property boasts approximately 150 feet of road frontage, providing excellent visibility and accessibility. Situated conveniently between Papa John's and A.R. Chesson Construction Company, this lot benefits from high traffic counts and established commercial presence. The asking price is $38,000. All utilities are readily available, eliminating the need for costly infrastructure development. Furthermore, stormwater retention has already been addressed, streamlining the development process and reducing potential expenses. With a total area of 25,899 square feet, this lot is ideal for a variety of commercial ventures. Its prime location and readily available utilities make it an attractive option for businesses seeking a strategic foothold in a thriving area. The property is located in Pasquotank County, North Carolina, and has a zip code of 27909. This is a rare opportunity to acquire a well-situated, ready-to-develop commercial lot at an attractive price point. Don't miss out on this chance to secure your future in a dynamic commercial corridor.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2011
Construction WOOD
Lot 0.84 ac (36,590 SF)
Zoning code HB
APN 891303447306
UPID US53-4091100

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Medical Clinic
  • Physician
  • Physician
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2011
7 recorded transactions
2024
Price N/A
2024
Price N/A
2022
Price N/A
2019
Price N/A
2011
$70,000
2010
$199,000
2006
$575,000

Zoning & alternative use

HB · Elizabeth City, NC
Zoning description

The HB Highway Business District is established as a district in which to accommodate highway oriented retail and commercial service businesses which generally have as their market area the entire city and surrounding re…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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