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    OFF-MARKET
    Commercial real estate

    700 Ehringhaus St, Elizabeth City, NC 27909

    1.18 ac lot
    Property ID
    US53-4792702
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1.18 ac (51,401 SF)
    UPID US53-4792702
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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