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Investment Highlights

  • High visibility with 22,000 VPD
  • Ample parking
  • Updated wifi throughout
  • Prime location

Executive Summary

Positioned along the highly traveled US Highway 264 corridor in Washington, NC, this retail flex property presents an exceptional opportunity for investors or owner-users seeking a versatile commercial asset with immediate functionality and long-term upside.
Situated on approximately 4 acres, the property features a flexible multi-tenant layout suitable for a wide variety of retail, showroom, office, warehouse, service, and specialty commercial uses. The site includes over 200 parking spaces, more than $1.5 million in infrastructure improvements, commercial-grade Wi-Fi, AV-ready projector stations, and a 12,000± SF expansion pad already in place, offering significant future growth potential.
The property is currently occupied by over 145 small businesses operating on month-to-month occupancy agreements, providing existing income while allowing flexibility for a future owner to continue the current concept, reposition the property, or redevelop portions of the site. The month-to-month occupancies do not encumber the sale and provide the ability to adapt the property to changing market demands.
With excellent visibility, exposure to 22,000+ vehicles per day, and B-2/B Commercial zoning allowing a broad range of commercial uses, this is a rare opportunity to acquire a highly adaptable commercial asset in Eastern North Carolina.

Property Facts

Price $3,488,250 CAD
Price Per SF $193.79 CAD
Sale Type Investment or Owner User
Property Type Flex
Property Subtype
Light Distribution
  • Flex Showroom
Building Class B
Lot Size 4.69 AC
Rentable Building Area 18,000 SF
No. Stories 1
Year Built 1997
Parking Ratio 11.11/1,000 SF
No. Dock-High Doors/Loading 2
Zoning B2/B - Commercial

Amenities

  • Security System
  • Signage
  • Storage Space
  • Monument Signage
  • Air Conditioning
  • Smoke Detector

Utilities

  • Lighting
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Beaufort Market Place
  • Public Administration
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Beaufort Market Place Public Administration - - -
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 5667-27-0708
  • 5667-17-9468
Land Assessment
$545,497 CAD
Improvements Assessment
$2,150,829 CAD
Total Assessment
$2,696,326 CAD
  • Listing ID: 41563028

  • Date on Market: 2026-08-05

  • Last Updated:

  • Address: 4525 US 264 Hwy W, Washington, NC 27889

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