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Résumé analytique

Rare Multi-Property Commercial & Residential Offering in Elizabeth City’s Historic Waterfront District An exceptional opportunity to acquire four properties total — three contiguous commercial spaces located at 201, 205, and 207 N. Water Street, plus one residential condominium, located at 203 #B N. Water Street — in the heart of downtown Elizabeth City’s historic waterfront district. The entire portfolio is offered for $1.5 million, with the flexibility to sell each property separately, allowing buyers to tailor the acquisition to their investment strategy. Each commercial property is featured in this listing and includes dedicated parking spaces, a highly sought-after asset in the downtown core, and features distinctive historic character — including architectural salvage doors from the Crown Building in New York City, circa 1920, lending rare provenance and craftsmanship throughout the spaces. All three commercial units have been beautifully renovated and are occupied by successful operating businesses, providing immediate income. Two leases offer renegotiation flexibility, while one space is leased through 2029 by a national company, delivering long-term, stable cash flow. The portfolio is further strengthened by significant recent capital improvements, including brand-new HVAC systems installed at 201 N. Water Street, 205 N. Water Street, and the residential condominium. Additionally, there are no building assessments, reducing unforeseen ownership costs. Situated steps from the waterfront, restaurants, shops, and cultural attractions, this offering places investors at the center of Elizabeth City’s continued downtown revitalization — a market seeing sustained commercial and residential demand. Additional Residential Opportunity: The residential condominium, 203 N. Water Street, #B, Elizabeth City, is also individually listed on Zillow, offering flexibility for owner-occupancy, short- or long-term rental potential, or a complementary mixed-use investment. This is a rare chance to acquire a stabilized, income-producing downtown portfolio with upside, historic character, modern upgrades, and flexible purchase options in one of northeastern North Carolina’s most desirable waterfront districts. 2025 Pasquotank Tax Costs: 201 ($2,626.33), 205 ($4,431.05), 207 ($2,576.97), 203B ($4,357.61) HOA fees due quarterly: 201 ($472.46), 205 ($768.62), 207 ($380.79), 203B ($951.56)

Informations sur l’immeuble

Surface totale de l’immeuble 619 m²
Type de bien Local commercial
Sous-type de bien Commerce pied immeuble
Classe d’immeuble B
Étages 1
Surface type par étage 619 m²
Année de construction 1900
Surface du lot 0,04 ha
Ratio de stationnement 0,06/1 000 m²
Zone de développement économique [USA] Oui
Zonage City CB

3 Lots disponibles

Lot 201

Surface du lot 121 m²
Prix 302 004 €
Prix par m² 2 500,57 €
Usage du lot en coprop. Bureaux/Local commercial
Type de vente Investissement
Nb de places de stationnement 2
Description

Current owners own four of the five spaces (1 residential and 3 commercial). Will sell properties separately.

Notes sur la vente

There are no assessments on the building.

Lot 205

Surface du lot 204 m²
Prix 388 291 €
Prix par m² 1 899,78 €
Usage du lot en coprop. Bureaux/Local commercial
Type de vente Investissement
Nb de places de stationnement 2
Description

Current owners own four of the five spaces (1 residential and 3 commercial). Will sell properties separately.

Notes sur la vente

There are no assessments on the building.

Lot 207

Surface du lot 100 m²
Prix 258 852 €
Prix par m² 2 579,87 €
Usage du lot en coprop. Bureaux/Local commercial
Type de vente Investissement
Nb de places de stationnement 2
Description

Current owners own four of the five spaces (1 residential and 3 commercial). Will sell properties separately.

Notes sur la vente

There are no assessments on the building.

Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Principaux commerces à proximité

PNC Bank
United Bank
Cook Out
Ww (weight Watchers)
Truist
  • ID de l’annonce: 38929985

  • Date de mise sur le marché: 30/12/2025

  • Dernière mise à jour:

  • Adresse: 201-207 N Water St, Elizabeth City, NC 27909

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