Elizabeth City, NC Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Elizabeth City, North Carolina Market population: 19K. Compare commercial properties across all major asset...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Elizabeth City NC Properties: 74.0000%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Elizabeth City NC
Common questions from investors exploring commercial real estate in Elizabeth City NC.
What's the overall investment potential of Elizabeth City, considering its demographics and economy?
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Elizabeth City's population of 18,508, with a median age of 32.2 and a median household income of $33,797, suggests a relatively stable market. The poverty rate of 22.9% is somewhat concerning, but the health insurance coverage of 83.4% indicates that many residents have access to employment benefits, which can contribute to a more stable tenant base.
How does the city's ethnic diversity and industry landscape impact real estate demand?
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The city's diverse population, with top ethnicities including Black (34.0%), White (29.7%), and White Non-Hispanic (26.6%), can contribute to a strong demand for housing. Additionally, the top industries of Wholesale Trade, Information, and Finance & Insurance, & Real Estate & Rental & Leasing, suggest a relatively stable economy, which can support rental yields and property appreciation.
What are the implications of the city's commute times and transportation options for real estate investors?
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The average commute time of 19.8 minutes and the top commute methods of Drove Alone, Carpooled, and Worked At Home, indicate a relatively convenient and flexible transportation system. This, combined with a public transportation usage rate of 2.1%, suggests that residents have access to reliable transportation options, which can positively impact property values and rental demand.
How does the city's poverty rate and health insurance coverage impact the quality of tenants?
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The poverty rate of 22.9% is a concern, but the health insurance coverage of 83.4% suggests that many residents have access to employment benefits, which can contribute to a more stable tenant base. Additionally, the median household income of $33,797 and the employed population of 7,369, indicate a relatively stable economy, which can support timely rent payments and lower vacancy rates.
What are the key factors to consider when evaluating the potential return on investment (ROI) in Elizabeth City's real estate market?
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When evaluating ROI in Elizabeth City, consider the median property value of $149,400, median property taxes of $2,978, and homeownership rate of 41.1%. Additionally, the city's demographic and economic factors, such as the poverty rate, health insurance coverage, and top industries, can impact rental yields and property appreciation. A comprehensive analysis of these factors can help investors make informed decisions and maximize their returns.
Elizabeth City NC Real Estate & City Facts
Key facts and real estate information about Elizabeth City NC.
What are some of the best neighborhoods to live in Elizabeth City?
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Some of the best neighborhoods to live in Elizabeth City include downtown Elizabeth City, which offers a mix of historic homes and new construction, and the surrounding suburbs, which provide a more laid-back atmosphere.
What are some fun things to do in Elizabeth City?
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There are plenty of fun things to do in Elizabeth City, such as visiting the Pasquotank River, exploring the downtown area, and checking out the local restaurants and shops.
What is the food scene like in Elizabeth City?
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The food scene in Elizabeth City is vibrant and diverse, with a range of restaurants serving everything from fresh seafood to Mexican cuisine. Some popular spots include Hoppin' Johnz, Montero's Restaurant, and Cypress Creek Grill, which offers beautiful views of the Pasquotank River.
What are the pros and cons of living in Elizabeth City?
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The pros of living in Elizabeth City include its charming downtown area, beautiful waterfront, and friendly community. However, some cons include the city's limited job opportunities and higher crime rate compared to other cities of similar size.
Is Elizabeth City a good place to live?
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Overall, Elizabeth City can be a great place to live for those who value a small-town atmosphere and a strong sense of community. While it may have its challenges, the city's unique character, rich history, and natural beauty make it an attractive option for many people.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Elizabeth City NC Commercial Property: $33,797
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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