135 Rich BlvdElizabeth City, NC 27909

Property Details for 135 Rich Blvd

Year built

2011

Construction

WOOD

Lot size

0.84 AC

Zone code

HB

Property type

Office buildings

APN

891303447306

APU

891303447306

Description

This exceptional 0.5945-acre commercial land parcel presents a remarkable investment opportunity in Elizabeth City, North Carolina. Located at 135 Rich Blvd, this property boasts approximately 150 feet of road frontage, providing excellent visibility and accessibility. Situated conveniently between Papa John's and A.R. Chesson Construction Company, this lot benefits from high traffic counts and established commercial presence. The asking price is $38,000. All utilities are readily available, eliminating the need for costly infrastructure development. Furthermore, stormwater retention has already been addressed, streamlining the development process and reducing potential expenses. With a total area of 25,899 square feet, this lot is ideal for a variety of commercial ventures. Its prime location and readily available utilities make it an attractive option for businesses seeking a strategic foothold in a thriving area. The property is located in Pasquotank County, North Carolina, and has a zip code of 27909. This is a rare opportunity to acquire a well-situated, ready-to-develop commercial lot at an attractive price point. Don't miss out on this chance to secure your future in a dynamic commercial corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $6,788,686

  6.5%

  $6,266,479

  7%

  $5,818,874

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,106,530

  Geo Method

  $6,110,896

• Alternative Use

  Use

  Valuation

  Residential

  $7,770,434

  Hospitality

  $7,117,676

  Educational

  $5,921,823

  Medical

  $6,125,484

  Retail

  $9,211,724

Location Insight

City

Elizabeth City

County

Pasquotank

State

North Carolina

Latitude

36.2862

Longitude

-76.2351

CBSA code

21020

CBSA name

ELIZABETH CITY, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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