1014 Consolidated Road, Elizabeth City, NC 27909 (MLS# 100467565)

1014 Consolidated Road, Elizabeth City, NC 27909

$1,900,000

Property Type: Comm Sale or Lease Square Footage: 22,000 Lot Size (sq. ft.): 212,399 Status: Closed

Current Price: $1,900,000 List Date: 9/23/2024 Last Modified: 10/01/2024

Overview

Description

Airplane Hangar and Office building available for sale subject to long term land lease, currently at $25,968/year with the Elizabeth City Airport Authority that runs through 2039 with two, ten year options to extend. Property is located inside the fences of the Elizabeth City United States Coast Guard Station which is the largest USCG air station on the Eastern Seaboard. Land is owned by the EC Airport Authority which also operates the Elizabeth City Municipal Airport. There is 15,000 sq ft of hangar space with 30' ceilings and 7,000 sq ft of office space that was built in 2010 and upgraded ($1.2M) in 2017. This property is not subject to any zoning regulations and the land lease is transferrable to the buyer of the improvements. Seller is currently operating as an aircraft radar, upgrade, and test facility and has features including but not limited to liquid nitrogen tanks and generator power to name a few.

Listing Details MLS# 100467565

Contract Info

Available Date: 2024-09-23
Delayed Marketing?: No
Marketing Start Date: 2024-09-23
Garage: Masterlock
Sale/Lease: Sale
Listing Price: 2200000
List Price/SqFt: 100
Stipulation of Sale: Standard

Location Information

Street #: 1014
Street Name: Consolidated
Street Suffix: Road
County: Pasquotank
State/Province: NC
Zip Code: 27909
City Limits: No
Subdivision: N/A

Remarks and Showing

Directions to Property: Inside the USCG fence adjacent to the Elizabeth City Municipal Airport.
Sign on Property: No

Building Info

New Construction: No

BuildingExt Features

SqFt - Heated (Primary): 22000

Legal and Taxes

Tax Assessed Value: 50800
Deed Book: 576
Deed Page: 693
Legal: Building is being sold subject to a land lease.
Broker Owner: No
PID: 8932 227721
Tax Identifier: 8932 227721
Plat Book: 649
Plat Page: 575
Total Real Estate Property Taxes: 314.96
Special Assessments: N/A
Tax Year: 2022
Year Built: 2010
Zoning: None
Cobra Zone: No

More Information

Status Change Info

Under Contract Date: 2024-09-30
Sold Date: 2024-10-01

Land Lease

Land Lease Amount: 25968
Land Lease Frequency: Annually

Property Features

Business Type: Professional/Office; Transportation; Warehouse; Professional Service HOA and Neigh Amenities: Gated Construction: Metal Fab Exterior Finish: Aluminum Siding Flooring: Carpet; Concrete Foundation: Slab Parking Features: Asphalt; Lighted; Secured Roof: Metal Current Use: Commercial; Office Land Lease: Land Lease Y/N Cooling: Central Air Heating: Heat Pump Heating System Fuel Source: Electric Utilities: Electricity Connected Sewer: Septic Tank Water Source: Public Terms: Cash; Conventional

IDX

Listing Office: Rich Company

Last Updated: October - 01 - 2024

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