117 S Water Street, Elizabeth City, NC 27909
New Listing
$475,000
Property Type:
Comm Sale or Lease
Square Footage:
1,820
Lot Size (sq. ft.):
1,786
Status:
Active
Current Price:
$475,000
List Date:
8/08/2025
Last Modified:
8/08/2025
Description
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.
More Information MLS# 100524099
Contract Info
Available Date: 2025-08-08
Status: Active
Delayed Marketing?: No
Marketing Start Date: 2025-08-08
Garage: Masterlock
Sale/Lease: Sale
Listing Price: 475000
Current Price: $475,000
List Price/SqFt: 260.99
Stipulation of Sale: Standard
Location Information
Street #: 117
Pre Direction: S
Street Name: Water
Street Suffix: Street
County: Pasquotank
State/Province: NC
Zip Code: 27909
City Limits: Yes
Subdivision: N/A
Geo Lat: 36.299026
Geo Lon: -76.219093
Remarks and Showing
Directions to Property: Downtown waterfront on the corner of Water & Fearing Streets.
Sign on Property: Yes
Building Info
New Construction: No
BuildingExt Features
SqFt - Heated (Primary): 1820
Legal and Taxes
Tax Assessed Value: 132200
Total City Real Estate Property Tax: 779.98
Deed Book: 743
Deed Page: 176
Legal: Fee Simple, Jerome Flora
Broker Owner: No
PID: 891308993145
Tax Identifier: 891308993145
Plat Book: N/A
Plat Page: N/A
Total Real Estate Property Taxes: 1599.62
Special Assessments: N/A
Tax Year: 2022
Year Built: 1885
Zoning: CB
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
Miscellaneous
Ceiling Height: 1011
Current Use: retail
Property Features
Business Type: Bed & Breakfast; Food Service; Mixed; Retail; Commercial; Other
View Type: River
Exterior Finish: Brick; Vinyl Siding; See Remarks
Flooring: Concrete; Wood
Foundation: Slab
Fuel Tank: None
Parking Features: Public; Street Only
Roof: Membrane
Lot Description: Corner Lot
Current Use: Commercial; Retail
Location: Cent Business District; Corner
Cooling: Wall/Window Unit(s)
Heating System Fuel Source: Other
Water Heater: None
Utilities: Electricity Connected; Natural Gas Available; Sewer Available; Water Available
Sewer: Municipal Sewer
Water Source: Municipal Water
Terms: 1031 Exchange; Cash; Conventional
Listing Office: Rich Company
Last Updated: August - 08 - 2025
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