117 S Water Street Elizabeth City, NC $ 475,000
117 S Water Street
$ 475,000
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117 S Water Street

Elizabeth City, NC, 27909
$ 475,000
Bedrooms-- Baths-- Sq 1,820

Monthly Estimate*

$ 2,925

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Commercial Property for sale in Elizabeth City, NC

for $475,000. This 1,820 square foot building was built in 1885 on a lot size of 0.04.

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.

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Commercial Active

Price

$ 475,000

Property Type

Commercial

Taxes

$ 1,599

Style

Commercial Sale

Lot Size

0.04

Year Built

1885

Town/City

Elizabeth City

County/Region

Pasquotank

MLS | Web ID

100524099

Features
General
Cooling Wall/Window Unit(s)
Utilities Natural Gas Available Sewer Available Water Available Electricity Connected
Possession Close Of Escrow Subject To Tenant Rights At Closing
Roof Membrane
Zoning CB
Construction Materials Brick Vinyl Siding
Year Built 1885
View River
Tax Year 2022
Current Use Retail Commercial retail
Taxes 1599.62
Location Cent Business District Corner
Parcel Number 891308993145
Business Type Mixed Bed & Breakfast Retail Commercial Other Food Service
County Pasquotank
New Construction N
Property Type Commercial Sale
In City Limits? (Y/N) Y
HOA N
Attached Garage N
Subdivision Name N/A
Garage Y/N N
Status Active
Directions Downtown waterfront on the corner of Water & Fearing Streets.
City Elizabeth City
Lot Size Units Acres
Lot Size Square Feet 1786.0
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Showing Instructions Appt Required Call Listing Agent Restricted Hours Tenants See Remarks15
Home Warranty Y/N N
Lease Considered Y/N N
Availability Date 2025-08-08
Standard Status Active
Tax Assessed Value 132200
Legal Description Fee Simple Jerome Flora
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Interior
Flooring Concrete Wood
Water Heater None
Ceiling Height 1011
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N N
Fireplace Y/N N
Total Baths 0
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Exterior
Exterior Finish Brick Vinyl Siding See Remarks
Parking Features Public On Street
Lot Features See Remarks Corner Lot
Water Source Public
Lot Size Area 0.04
Foundation Details Slab
Spa N
Building Area Total 1820
Lot Dimensions 26'7'' by 71'9''
Lot Size Acres 0.04
Waterfront Y/N N
Road Frontage Type 2 - 3 Lanes
Crops Included Y/N N
Horse Y/N N
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Internal Only
Street Number 1 117
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* Excluded Features
List By
Alex Rich

Listing Agent

Rich Company

Broker

alexanderbrich@gmail.com

Email

Affordability Calculator

$3,058
Per Month
96%
4%
0%
Monthly Principal & Interest
$2,925
Monthly Property Taxes
$133
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3960720 Elementary School
3960847 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/8/2025$475,000 Listed Price

Map


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117 S Water Street, Elizabeth City, NC, 27909 is a Commercial Property for sale at $475,000 with 1,820 sqft and a lot size of 0.04. 117 S Water Street was built in 1885. The property's zip code is 27909 which is in Elizabeth City, NC