700 Ehringhaus St, Elizabeth City, NC 27909
This exceptional 1.18-acre commercial land parcel presents a rare development opportunity in Elizabeth City, North Carolina. Located at the highly visible corner of West Ehringhaus and Westover Streets, this property boasts 146 feet of frontage on West Ehringhaus Street and benefits from a substantial daily traffic count of 21,000 vehicles. The site is comprised of five individual lots, two of which currently feature residential structures situated towards the rear. The property's strategic location offers excellent visibility and accessibility, enhanced by five existing curb cuts. All necessary infrastructure is in place, with water and sewer taps already available. The property is zoned for General Business use, making it suitable for a wide range of commercial developments. A survey is readily available for review. This is one of the last remaining undeveloped corner lots on West Ehringhaus Street, representing a unique chance to capitalize on a prime location with significant development potential. The asking price for this exceptional property is $449,000. Don't miss this opportunity to acquire a highly desirable commercial land parcel in a thriving area. The property is located in Pasquotank County, North Carolina, with a zip code of 27909.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.