Log In/Sign Up
Your email has been sent.
117 S Water St
Elizabeth City, NC 27909
117 S. Water Street-Downtown Elizabeth City · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Historic building constructed in 1885 by Jerome Flora; only two families have owned it in 140 years.
- Original brick exterior under vinyl siding; potential to restore 26 original segmented windows (HPC approval required).
- Roof: Heavy-duty rubber membrane, approx. 10 years old.
- Corner lot at Water & Fearing Streets with direct views of the Pasquotank River.
- Ceiling heights: 11' on first floor, 10' on second and third floors.
- Located in Elizabeth City’s waterfront Central Business District.
EXECUTIVE SUMMARY
Incredible opportunity to own this 3-story building built in 1885 by Jerome Flora that has only been owned by two families since being built 140 years ago. At the corner of Water and Fearing Streets with direct views of the Pasquotank River. +/- 1,820 sq ft per floor for a total of 5,460 sq ft. Under the unfortunate addition of vinyl siding is original brick exterior and there were more than 26 original segmented windows leasing 6'5'' tall by 3' wide that have been blocked in with cinderblocks. The second and third floor each have 4 windows facing the River & Water Street, six windows per floor facing Fearing Street, two windows facing Poindexter in the rear, and six windows can be added to the third floor facing Main Street with HPC approval. Ceiling heights of 11' on the first floor and 10' on the second and third floors. Stairs to access second and third floors and freight elevator in unknown condition. Tenant on first floor pays $700/month on a month to month lease. Pitched heavy duty rubber membrane roof is approximately 10 years old.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
5,460 SF
Building Class
C
Year Built
1885
Price
$475,000
Price Per SF
$87.00
Tenancy
Single
Building Height
3 Stories
Building FAR
3.06
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
Central Business - The Central Business District encourages mix uses, including retail, multi-family residential, restaurants, services, entertainment, etc.
AMENITIES
- Corner Lot
PROPERTY TAXES
| Parcel Number | 891308993145 | Improvements Assessment | $85,800 |
| Land Assessment | $46,400 | Total Assessment | $132,200 |
PROPERTY TAXES
Parcel Number
891308993145
Land Assessment
$46,400
Improvements Assessment
$85,800
Total Assessment
$132,200
1 of 34
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
