For Lease
$211.44/SF/YR

100 Water StElizabeth City, NC 27909

Historic building, ready for your vision

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
115
This iconic, 3,404 sq ft building in downtown Elizabeth City presents a unique opportunity. Located in a Qualified Opportunity Zone, this single-tenant property sits on a 4,952 sq ft corner lot at the intersection of Main Street. Completely renovated in 2024, it boasts a new roof and a gutted interior, ready for a tenant's build-out. Detailed restaurant plans are available, featuring a bar with 18 seats, 60 interior seats, and 68 exterior seats, a full kitchen, and ADA-compliant restrooms. The asking rent is $5,000 per month triple net (NNN) for a long-term lease with landlord-funded build-out; however, lower rates are negotiable for less extensive renovations. The property's adaptive reuse is subject to approval by the NC State Historic Preservation Office; however, given the completed interior demolition, floor plan approval is anticipated to be straightforward, with limited exterior modifications. The building is also enrolled in the NC Dry Cleaning Solvent CleanUp Act Program. Built in 1930, this one-story building offers a blend of historic charm and modern adaptability, making it ideal for a variety of uses, including office, retail, or restaurant spaces. The property's zoning is CB, and its APN is 891308995209 in Pasquotank County. The property taxes are $0.50 per square foot. There is no elevator. The building's approximately 3,011 sq ft of interior space offers ample room for customization.

Highlights

  • Iconic downtown Elizabeth City building in a Qualified Opportunity Zone.
  • 3,404 SF building on a 4,952 SF corner lot; approximately 3,011 SF of interior space.
  • Recently renovated with new roof and gutted interior, ready for tenant build-out.
  • Restaurant plans available: bar seating for 18, 128 total seats (60 interior, 68 exterior), full kitchen, ADA restrooms.
  • Asking rent: $5,000/month NNN (long-term lease with landlord-funded build-out); lower rates possible for less extensive build-outs.
  • Adaptive reuse project; interior demolition complete; exterior modifications limited; subject to NC State Historic Preservation Office approval.

Property Details for 100 Water St

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
3,404 SF
Year Built/Renovated
1930/2024
Stories
1

Unit(s) available at that property

Space
Size
3,404 SF
Rate per SF
$211.44

Location Insight

City
Elizabeth City
County
Pasquotank
State
North Carolina
Latitude
36.2994113
Longitude
-76.2185828
100 Water St, Elizabeth City, North Carolina

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Contacts

Alex Rich
Alex Rich
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100 Water St, Elizabeth City, North Carolina, 27909

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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100 Water St
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    Alex Rich
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