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    FOR SALE
    Theaters & concert halls

    1805 City Center Blvd, Elizabeth City, NC 27909

    4.44 ac lot Built 2020
    Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-4839204
    Property summary
    AI-generated overview

    This exceptional 73-acre commercial development in Elizabeth City, NC, offers various sized outparcels for sale, ranging from 1 to 3 acres. Strategically located on Halstead Boulevard Extended, near the intersection of Hughes Boulevard, this property benefits from Elizabeth City's robust residential and commercial growth, recently recognized by Money Magazine as a top East Coast location. The site enjoys excellent visibility and accessibility, situated near a Walmart Supercenter at the intersection of Halstead Boulevard Extended and US Route 17 Bypass (Exit 258). Further enhancing its appeal is the proximity to a new 8-screen RC Theatre (opened June 2020) and a 97-room Fairfield Inn and Suites, already established on a portion of the land. The current owner has subdivided the property, making individual parcels available for sale to end-users. The property is zoned GB, providing flexibility for a variety of commercial uses. This presents a unique opportunity to acquire land in a thriving area with strong existing infrastructure and significant future potential. The address is 1805 City Center Blvd, Elizabeth City, NC 27909, in Pasquotank County.

    Property profile
    Verified
    Property type Theaters & concert halls
    Use group THEATER (MOVIE)
    Year built 2020
    Lot 4.44 ac (193,406 SF)
    Zoning code GB
    APN 890302775877
    UPID US53-4839204
    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
    • R/C Albemarle Movies 8 Cinema Theater & Performing Art Venue
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Albemarle Theaters LLC · 7 yrs held
    Albemarle Theaters LLC
    since 2019
    1 recorded transaction
    2019
    $872,000
    Zoning & alternative use
    GB · Elizabeth City, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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