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
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.
More Information MLS# 100467565
Contract Info
Available Date: 2024-09-23
Status: Closed
Delayed Marketing?: No
Marketing Start Date: 2024-09-23
Garage: Masterlock
Sale/Lease: Sale
Listing Price: 2200000
Current Price: $1,900,000
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
Geo Lat: 36.253263
Geo Lon: -76.174399
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
Status Change Info
Under Contract Date: 2024-09-30
Sold Price: $1,900,000
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
Listing Office: Rich Company
Last Updated: October - 01 - 2024
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