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4525 US 264 Hwy W
Washington, NC 27889
US 264 Retail Flex Center · Flex Property For Sale


Investment Highlights
- High visibility with 22,000 VPD
- Ample parking
- Updated wifi throughout
- Prime location
Executive Summary
Positioned along the highly traveled US Highway 264 corridor in Washington, NC, this retail flex property presents an exceptional opportunity for investors or owner-users seeking a versatile commercial asset with immediate functionality and long-term upside.
Situated on approximately 4 acres, the property features a flexible multi-tenant layout suitable for a wide variety of retail, showroom, office, warehouse, service, and specialty commercial uses. The site includes over 200 parking spaces, more than $1.5 million in infrastructure improvements, commercial-grade Wi-Fi, AV-ready projector stations, and a 12,000± SF expansion pad already in place, offering significant future growth potential.
The property is currently occupied by over 145 small businesses operating on month-to-month occupancy agreements, providing existing income while allowing flexibility for a future owner to continue the current concept, reposition the property, or redevelop portions of the site. The month-to-month occupancies do not encumber the sale and provide the ability to adapt the property to changing market demands.
With excellent visibility, exposure to 22,000+ vehicles per day, and B-2/B Commercial zoning allowing a broad range of commercial uses, this is a rare opportunity to acquire a highly adaptable commercial asset in Eastern North Carolina.
Situated on approximately 4 acres, the property features a flexible multi-tenant layout suitable for a wide variety of retail, showroom, office, warehouse, service, and specialty commercial uses. The site includes over 200 parking spaces, more than $1.5 million in infrastructure improvements, commercial-grade Wi-Fi, AV-ready projector stations, and a 12,000± SF expansion pad already in place, offering significant future growth potential.
The property is currently occupied by over 145 small businesses operating on month-to-month occupancy agreements, providing existing income while allowing flexibility for a future owner to continue the current concept, reposition the property, or redevelop portions of the site. The month-to-month occupancies do not encumber the sale and provide the ability to adapt the property to changing market demands.
With excellent visibility, exposure to 22,000+ vehicles per day, and B-2/B Commercial zoning allowing a broad range of commercial uses, this is a rare opportunity to acquire a highly adaptable commercial asset in Eastern North Carolina.
Property Facts
Amenities
- Security System
- Signage
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
Utilities
- Lighting
- Gas - Natural
- Water - City Water
- Sewer - City Sewer
- Heating - Gas
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,527,046 | |
| Land Assessment | $387,292 | Total Assessment | $1,914,338 |
Property Taxes
Parcel Numbers
Land Assessment
$387,292
Improvements Assessment
$1,527,046
Total Assessment
$1,914,338
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