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117 S Water St
Elizabeth City, NC 27909
117 S. Water Street-Downtown Elizabeth City · Retail Property For Sale
EXECUTIVE SUMMARY
Incredible opportunity to own this 3-story building built in 1885 by Jerome Flora that has only been owned by two families since being built 140 years ago. At the corner of Water and Fearing Streets with direct views of the Pasquotank River. +/- 1,820 sq ft per floor for a total of 5,460 sq ft. Under the unfortunate addition of vinyl siding is original brick exterior and there were more than 26 original segmented windows leasing 6'5'' tall by 3' wide that have been blocked in with cinderblocks. The second and third floor each have 4 windows facing the River & Water Street, six windows per floor facing Fearing Street, two windows facing Poindexter in the rear, and six windows can be added to the third floor facing Main Street with HPC approval. Ceiling heights of 11' on the first floor and 10' on the second and third floors. Stairs to access second and third floors and freight elevator in unknown condition. Tenant on first floor pays $700/month on a month to month lease. Pitched heavy duty rubber membrane roof is approximately 10 years old.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
5,460 SF
Year Built
1885
Price
$654,222 CAD
Price Per SF
$119.82 CAD
Percent Leased
100%
Building Height
3 Stories
Building FAR
3.06
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
Central Business - The Central Business District encourages mix uses, including retail, multi-family residential, restaurants, services, entertainment, etc.
AMENITIES
- Corner Lot
PROPERTY TAXES
| Parcel Number | 891308993145 | Improvements Assessment | $118,790 CAD |
| Land Assessment | $64,241 CAD | Total Assessment | $183,031 CAD |
PROPERTY TAXES
Parcel Number
891308993145
Land Assessment
$64,241 CAD
Improvements Assessment
$118,790 CAD
Total Assessment
$183,031 CAD
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