666 Hughes Blvd

666 Hughes Blvd, Elizabeth City, NC

$475,000

Price

1935

Year Built

GB

Zoning

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Street
Map
Overview
Year Built
1935
Zoning
GB
MlsNumber
124311
Description

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 on S 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.

Highlights
  • Annual Tax: $ 2887.0
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Listing ID: d42eb97e-39fe-4c3e-94db-0828639a3056
Location
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