525 Hughes BlvdElizabeth City, NC 27909

Property Details for 525 Hughes Blvd

Year built

1935

Construction

FRAME

Lot size

0.41 AC

Zone code

GB

Property type

Investment properties

Property subtype

Live-work space

APN

891309075066

APU

891309075066

Description

This exceptional free-standing, two-story office building presents a unique owner-occupant opportunity in the heart of Elizabeth City, North Carolina. Located at 525 S Hughes Blvd, this 1,896 square foot property offers a versatile space suitable for a variety of professional uses, encompassing both creative and traditional office configurations. The asking price is $250,000, translating to a price per square foot of $131.86. The building boasts prominent monument signage, ideal for enhancing brand visibility and attracting clientele. The property consists of one building and is available for occupancy beginning June 3rd, 2024. Situated in Pasquotank County, with a zip code of 27909, this location offers convenient access to local amenities and transportation routes. This is an excellent chance to acquire a well-positioned, established office space in a thriving community. The building's layout and size provide ample room for customization to meet specific business needs. The property's prime location and attractive price point make it an exceptional investment opportunity for both established businesses and entrepreneurs seeking a strong foothold in the Elizabeth City market. Don't miss this chance to own a piece of Elizabeth City's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $3,337,755

  6.5%

  $3,081,005

  7%

  $2,860,933

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,019,034

  Geo Method

  $3,004,510

• Alternative Use

  Use

  Valuation

  Residential

  $3,820,446

  Hospitality

  $3,499,508

  Educational

  $2,911,550

  Medical

  $3,011,682

  Retail

  $4,529,077

Location Insight

City

Elizabeth City

County

Pasquotank

State

North Carolina

Latitude

36.294

Longitude

-76.2491

CBSA code

21020

CBSA name

ELIZABETH CITY, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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