1237 N Road Street, Elizabeth City, NC 27909 (MLS# 100607191)

1237 N Road Street, Elizabeth City, NC 27909

$899,000

Property Type: Comm Sale or Lease Square Footage: 3,380 Lot Size (sq. ft.): 54,016 Status: Active

Current Price: $899,000 List Date: 9/30/2026 Last Modified: 10/01/2026

Overview

Description

Corner location QSR restaurant building built in 2006 across from College of the Albemarle (3,000 students) for sale or for lease with recent significant price reduction. Previously Arby's and Captain D's, this building is +/-3,380 sq ft on a 1.24AC lot at the corner of North Road Street and Jennings Drive with a curb cut on both roads. 36 parking spaces, drive thru, mature oak trees and bushes make up the landscaping, enclosed double dumpster corral, natural gas connected. Inside features a wood lined vaulted ceiling, large dining room, 4', 5', and 7' hoods, ice maker, soda machine with ice maker, ice cream machine, walk in cooler, walk in freezer, fryer, warming table, counter height fridge, dessert fridge 2 Rinnai tankless hah's, and more. $899k sale price, $60k/yr NNN lease rate with TICAM estimated at $30,030 per year.

Listing Details MLS# 100607191

Contract Info

Available Date: 2026-09-30
Delayed Marketing?: No
Marketing Start Date: 2026-09-30
Sub-Type: Business
Garage: N/A
Sale/Lease: Sale
Listing Price: 899000
List Price/SqFt: 265.98
Stipulation of Sale: Standard

Location Information

Street #: 1237
Pre Direction: N
Street Name: Road
Street Suffix: Street
County: Pasquotank
State/Province: NC
Zip Code: 27909
City Limits: Yes
Marketing City: Elizabeth City
Subdivision: N/A

Remarks and Showing

Directions to Property: Located at the corner of N Road Street and Jennings Drive, directly across from the YMCA and COA Medical Campus.
Sign on Property: Yes

Building Info

New Construction: No

BuildingExt Features

SqFt - Heated (Primary): 3380

Legal and Taxes

Tax Assessed Value: 1017100
Total City Real Estate Property Tax: 13043.46
Deed Book: 1230
Deed Page: 717
Legal: Shoreline Development - NC, LLC
Broker Owner: No
PID: 891402796029
Tax Identifier: 891402796029
Plat Book: 41
Plat Page: 10
Total Real Estate Property Taxes: 13043.4
Special Assessments: N/A
Tax Year: 2023
Year Built: 2006
Zoning: GB
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: Yes

More Information

Financial Info

Real Estate Taxes: 13043.46
Insurance Expense: 15967
Common Area Maint: 1020

Property Features

Business Type: Restaurant; Retail; Commercial; Franchise Showing Instructions: Special Instructions Electric: 220 Volts; Single Phase Exterior Features: Lighting Foundation: Slab Security Features: Security System Green Bldg Features: Tankless Water Heate Parking Features: Lighted; On Site; Parking Lot; Paved; Private Roof: Flat Lot Description: Corner Lot Current Use: Commercial; Vacant Possible Use: Commercial; Investment; Medical/Dental; Professional Service; Retail Location: Corner; Gen Bus District Cooling: Central Air Heating: Heat Pump Heating System Fuel Source: Natural Gas Water Heater: Tankless Utilities: Electricity Connected; High Speed Internet; Natural Gas Connected; Sewer Connected; Water Connected Sewer: Municipal Sewer Water Source: Municipal Water Terms: 1031 Exchange; Conventional Lease Types: NNN

IDX

Listing Office: Rich Company

Last Updated: October - 01 - 2026

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