• 910-346-8218 | Jacksonville NC and the greater Eastern North Carolina area

    910-346-8218 | Jacksonville NC and the greater Eastern North Carolina area
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Investment Property in Eastern NC

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Price: $475,000
MLS Number: 100421449
Year Built: 1935
Square Footage: 1600
Acres: 1.61
Listing Date: Jan 10, 2024
Sale or Lease: Sale
Pages: 1
1
666 S Hughes Boulevard, Elizabeth City
$475,000
MLS Number:
100421449
Built:
1935
Sq Ft:
1600
Listing Date:
Jan 10, 2024
COMMERCIAL PROPERTY!!! 1.61 Acres strategically positioned across from Port Elizabeth Centre and Elizabeth City Crossing shopping centers. This corner lot with an impressive 1,018 feet of road frontage, promises unparalleled visibility for your business endeavors. Positioned between two large shopping centers and multiple businesses, this property benefits from maximum visibility, drawing from substantial daily traffic counts on South Hughes Blvd and West Ehringhaus Street. With a General Business (GB) zoning designation, this property offers a broad spectrum of potential commercial uses. Two structures define the property-a 3 bedroom/2 bath single family residence constructed in 1935 and a currently leased 864 sq ft commercial building. Both structures feature roofs that are approximately 5 years old. Beyond the lease income, the property includes advertising billboards that yield an annual income of $1,200. The corner lot configuration provides 564 feet of road frontage onS Hughes Blvd and 454 feet of of frontage on W Ehringhaus St. The vacant residence, previously tenanted until the fall of 2023, offers the option for residential or commercial repurposing, providing additional flexibility for potential buyers. The 864 sq ft commercial building is currently rented for $1,100 per month with a lease in place which runs through December 31, 2026. With the dynamic traffic flow and versatile zoning, the property is poised for strategic development, presenting a unique opportunity for investors, developers and entrepreneurs.
Address: 666 S Hughes Boulevard
City: Elizabeth City
State: NC
Zip: 27909
Area: None
Lot Size: 1.61 acres
Property Type: Commercial
Sub Type: Commercial
Sale or Lease: Sale
Heating: Heat Pump
Cooling: Heat Pump,Wall/Window Unit(s)
Listing Office: Coldwell Banker Seaside/EC

Investment Property in Eastern NC

Our real estate firm has a home office in Jacksonville, North Carolina and is known for its excellent quality and professionalism in the local business market. With over 20 years of experience, our company has been the local’s choice choice for people seeking investment property in Eastern NC or coastal areas of North Carolina.

With our vast knowledge of the regional real estate industry, our company enjoys a great reputation and success in the region.

Investment Property In Eastern NC

Ray Properties’ Expertise

When it comes to finding investment property in coastal North Carolina, there are few real estate firms that can match the knowledge and expertise of Ray Properties. We have spent over two decades perfecting our skills in commercial property, and effort has paid off. Ray Properties is now recognized as a reliable and successful real estate firm in the region. One of the aspects that distinguishes Ray Properties from all other real estate firms in the area is our focus on picking out properties with immense upside. We are experts at finding properties that meet specific criteria such as high growth potential, prime locations, strong local economies, and properties with attractive financing options. Our extensive knowledge of the coastal region and real estate market is a significant factor in our success.

Ray Properties understands that coastal North Carolina is in constant transition as a result of many people moving to the area yearly. As the population increases, so does the real estate industry. Consequently, the company has kept up with this demand as we have been able to meet the needs of businesses looking to move into the area to provied the goods and services that the growing population demands. Ray Properties’ entrepreneurial nature and tailor-made solutions have enabled Ray Properties to create meaningful value while meeting the needs of our clients.

With the increasing awareness of environmental conservation, many companies are looking to lease or buy commercial properties that have sustainable and eco-friendly features. The company is at the forefront of these eco-friendly projects, as we help clients find green and sustainable properties to fit their needs. This is a crucial factor that has made Ray Properties an industry leader.

 

Successful Commercial Projects

Ray Properties contributed to many successful real estate projects in coastal North Carolina. For example, Ray Properties facilitated in the development of a booming shopping center located in Wilmington, which has several companies, including Kroger, Beauty Express, Ross, and Michaels, to mention a few. Due to Ray Properties’ keen eye for potential, the mall was transformed to be an exceptional and is now an perfect location for retail businesses.

Another successful project that Ray Properties helped establish was the Logistics Park in Brunswick County. This business destination is perfect for manufacturing companies, warehouses, and other logistics-oriented enterprises due to its extensive space. Ray Properties ensured the fact that the infrastructure is excellent including convenient rail and shipping access.

Investment Property In Eastern NC

You Can Trust Ray Properties

Ray Properties’ knowledge in dealing with investment property in Eastern NC has helped countless businesses to move and take advantage of the area’s thriving economy. The firm’s dedication to establishing solid relationships with organizations and interested parties has contributed in nurturing trust and assuring reliability inside the property sector of the area.

With an comprehensive comprehension of the coastal North Carolina commercial property market, our firm is still aiding enterprises in locating the perfect fit for their commercial property.

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