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    FOR LEASE
    Super regional malls

    1409 W Ehringhaus St, Elizabeth City, NC 27909

    19.22 ac lot Built 1969
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US53-4260880
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Super regional malls
    Use group REGIONAL SHOPPING CENTER, MALL
    Year built 1969
    Construction TYPE NOT SPECIFIED
    Lot 19.22 ac (837,223 SF)
    Zoning code GB
    APN 891310360793
    UPID US53-4260880
    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
    Current use
    Occupant on record · Public records
    • Shoe Dept. Encore Clothing & Fashion Store (Bike/Boat/Book/etc) Store
    • Hibbett Sports Clothing Store Shoe Store
    • Five Below (Bike/Boat/Book/etc) Store
    • bealls Clothing & Fashion Store
    • Ace Wireless Mobile Phone Store Electronics & Wireless Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $625k
    Owner & transaction history
    Vanguard Ventures IV LLC · 3 yrs held
    Vanguard Ventures IV LLC
    since 2022
    Last sale
    $625,000
    6 recorded transactions
    2023
    2022
    $625,000
    2022
    $826,500
    2019
    $1.2M
    2017
    $201,250
    2016
    $8.0M
    Zoning & alternative use
    GB · Elizabeth City, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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