529 Hughes BlvdElizabeth City, NC 27909

Property Details for 529 Hughes Blvd

Year built

2004

Construction

WOOD

Lot size

1.21 AC

Zone code

GB

Property type

Office buildings

APN

891309075124

APU

891309075124

Description

This exceptional two-story office building, constructed in 2004, presents a unique owner-occupant opportunity in Elizabeth City, North Carolina. Located at 529 S Hughes Blvd, this property boasts a substantial 8,100 square feet of space, situated on a 1.21-acre lot. The asking price is $1,000,000, translating to a price per square foot of $123.46. The building features ample parking, with 34 spaces available for tenants and employees. This traditional office building is ideal for a business seeking a prominent location in Pasquotank County, offering both space and convenience. The property's size and location make it suitable for a variety of uses, providing significant potential for growth and expansion. The building's solid construction and well-maintained condition ensure a comfortable and productive work environment. With its strategic location and substantial square footage, this property represents a compelling investment opportunity in a thriving North Carolina community. The zip code is 27909. This is a single-building property with two stories.

• CAP approach

  CAP return

  Valuation

  6%

  $9,779,121

  6.5%

  $9,026,881

  7%

  $8,382,104

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,915,468

  Geo Method

  $8,802,763

• Alternative Use

  Use

  Valuation

  Residential

  $11,193,333

  Hospitality

  $10,253,033

  Educational

  $8,530,403

  Medical

  $8,823,776

  Retail

  $13,269,515

Location Insight

City

Elizabeth City

County

Pasquotank

State

North Carolina

Latitude

36.294

Longitude

-76.2495

CBSA code

21020

CBSA name

ELIZABETH CITY, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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