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1237 N Road St
Elizabeth City, NC 27909
Retail Property For Sale
Investment Highlights
- Freestanding retail property located on a 1.2-acre parcel with direct frontage along U.S. 17/N Road Street.
- Existing drive-thru setup with on-site parking for 36 vehicles supports high-volume operations.
- Offered for sale or lease, suitable for franchise operators, owner-users, or speculative investors.
- Daily traffic count of approximately 21,500 vehicles delivers excellent visibility and brand exposure.
- Positioned near College of the Albemarle and surrounding trade area with a daytime population of 32,371 within five miles.
Executive Summary
This freestanding former Captain D’s property offers a prime investment opportunity along N Road Street in Elizabeth City, one of the key commercial corridors of northeastern North Carolina. The building spans 2,336 square feet on a 1.2-acre parcel, providing a well-proportioned footprint for quick-service or full-service restaurant operations. Currently offered at $1,450,000, the property combines high visibility with strong market fundamentals for both owner-users and investors pursuing long-term upside.
The location benefits from traffic counts of approximately 21,500 vehicles per day, ensuring strong consumer exposure. Situated near the College of the Albemarle, which serves over 3,000 students, and a surrounding population base generating 32,000+ daytime traffic within a five-mile radius, this site offers consistent activity throughout the week. Ample on-site parking, with 36 spaces, enhances customer convenience and operational efficiency.
Positioned in a well-traveled corridor near a mix of regional and national retailers, the site delivers solid access to the growing Elizabeth City market and sustained demand from both residential and institutional sectors. Existing infrastructure for restaurant use reduces redevelopment timelines and supports a quicker path to occupancy or future lease-up.
The location benefits from traffic counts of approximately 21,500 vehicles per day, ensuring strong consumer exposure. Situated near the College of the Albemarle, which serves over 3,000 students, and a surrounding population base generating 32,000+ daytime traffic within a five-mile radius, this site offers consistent activity throughout the week. Ample on-site parking, with 36 spaces, enhances customer convenience and operational efficiency.
Positioned in a well-traveled corridor near a mix of regional and national retailers, the site delivers solid access to the growing Elizabeth City market and sustained demand from both residential and institutional sectors. Existing infrastructure for restaurant use reduces redevelopment timelines and supports a quicker path to occupancy or future lease-up.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,336 SF
Building Class
C
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.20 AC
Zoning
Commercial
Parking
36 Spaces (15.41 Spaces per 1,000 SF Leased)
Frontage
200’ on N Road
Property Taxes
| Parcel Number | 891402793151 | Improvements Assessment | $802,047 CAD |
| Land Assessment | $610,468 CAD | Total Assessment | $1,412,514 CAD |
Property Taxes
Parcel Number
891402793151
Land Assessment
$610,468 CAD
Improvements Assessment
$802,047 CAD
Total Assessment
$1,412,514 CAD
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