117 S Water Street, Elizabeth City, NC 27909 (MLS# 100524099)

117 S Water Street, Elizabeth City, NC 27909

$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: 8/26/2025 Last Modified: 8/26/2025

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

Building/Ext Features

Lot Acres: 0.04 Lot SqFt: 1786 Lot Dimensions: 26'7'' by 71'9'' SqFt - Apx Total: 5460 SqFt - Total Available: 5460 Location Type: Mainland

Contract Info

Available Date: 2025-08-08 Delayed Marketing?: No Garage: Masterlock Sale/Lease: Sale List Price/SqFt: 260.99 Stipulation of Sale: Standard Status: Active Marketing Start Date: 2025-08-08 Listing Price: 475000 Current Price: $475,000

Location Information

City Limits: Yes Street #: 117 Pre Direction: S Street Name: Water Street Suffix: Street County: Pasquotank State/Province: NC Zip Code: 27909 Subdivision: N/A Geo Lat: 36.299026 Geo Lon: -76.219093

Remarks and Showing

Sign on Property: Yes Directions to Property: Downtown waterfront on the corner of Water & Fearing Streets.

Building Info

New Construction: No

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 Zoning: CB HOA: No Cobra Zone: No Federal Flood Ins Avlbl: Yes Year Built: 1885

Business Type

Bed & Breakfast: 1 Food Service: 1 Mixed: 1 Retail: 1 Commercial: 1 Other: 1

Current Use

Commercial: 1 Retail: 1

Miscellaneous

Ceiling Height: 1011 Current Use: retail

View Type

River: 1

Exterior Finish

Brick: 1 Vinyl Siding: 1 See Remarks: 1

Terms

1031 Exchange: 1 Cash: 1 Conventional: 1

Foundation

Slab: 1

Flooring

Concrete: 1 Wood: 1

Fuel Tank

None: 1

Parking Features

Public: 1 Street Only: 1

Sale/Lease Includes

Buildings: 1

Roof

Membrane: 1

Lot Description

Corner Lot: 1

Road Type/Frontage

2 - 3 Lanes: 1

Cooling

Wall/Window Unit(s): 1

Location

Cent Business District: 1 Corner: 1

Heating System Fuel Source

Other: 1

Water Heater

None: 1

Utilities

Electricity Connected: 1 Natural Gas Available: 1 Sewer Available: 1 Water Available: 1

Water Source

Municipal Water: 1

Sewer

Municipal Sewer: 1

BuildingExt Features

SqFt - Heated (Primary): 1820

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
IDX
Last Updated: August - 26 - 2025
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