412 E Colonial Avenue, Elizabeth City, NC 27909
$479,900
Property Type:
Comm Sale or Lease
Lot Size (sq. ft.):
9,148
Status:
Active
Current Price:
$479,900
List Date:
9/13/2025
Last Modified:
10/21/2025
Description
Historic tax credit opportunity on this 2 story building in downtown Elizabeth City.
Apx. 5000 square foot building. A garage in rear and a driveway/parking behind the garage. Downstairs can be converted a retail business or restaurant. Upstairs could be changed into apartments with 5 South facing windows in the front and several windows boarded up on the east side. Behind the garage is a driveway that exits to McMorrine Street. Heat/ac disconnected. Roof replaced.
More Information MLS# 100530524
Building/Ext Features
Lot Acres: 0.21
Lot SqFt: 9148
Lot Dimensions: Driveway in back that exits to McMorrine
Location Type: Mainland
Contract Info
Available Date: 2025-09-09
Delayed Marketing?: No
Garage: Private
Space: Yes
Sale/Lease: Sale
Stipulation of Sale: Standard
Status: Active
Marketing Start Date: 2025-09-13
Listing Price: 479900
Current Price: $479,900
Location Information
City Limits: Yes
Street #: 412
Pre Direction: E
Street Name: Colonial
Street Suffix: Avenue
County: Pasquotank
State/Province: NC
Zip Code: 27909
Subdivision: N/A
Geo Lat: 36.300756
Geo Lon: -76.220613
Remarks and Showing
Sign on Property: Yes
Directions to Property: from Elizabeth St, Turn on MLK, Turn on E Colonial left, building right down on the left
Building Info
New Construction: No
Legal and Taxes
Tax Assessed Value: 238600
Total City Real Estate Property Tax: 3120.61
Deed Book: 1478
Deed Page: 592
Legal: see Deed info
Broker Owner: Yes
PID: 891308898893
Tax Identifier: 891308898893
Plat Book: N/A
Plat Page: N/A
Special Assessments: 0
Tax Year: 2022
Zoning: R-8
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
Year Built: 1907
Business Type
Food Service: 1
Mixed: 1
Professional/Office: 1
Retail: 1
Professional Service: 1
Current Use
Commercial: 1
Other: 1
Basement
None: 1
C & I Features
Overhead Doors: 1
Construction
Wood Frame: 1
Current Service Providers
Electric Provider: City of Elizabeth City
Natural Gas Provider: Piedmont Natural Gas Co.
Sewer Provider: City/Town
Water Provider: City of Elizabeth City
Exterior Finish
Brick: 1
Vinyl Siding: 1
Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Foundation
Crawl Space: 1
Flooring
Laminate: 1
Vinyl: 1
Wood: 1
Fuel Tank
None: 1
Green Bldg Features
None: 1
Parking Features
Gravel: 1
Off Street: 1
Parking Lot: 1
Public: 1
Sale/Lease Includes
Buildings: 1
Land: 1
Roof
Flat: 1
Membrane: 1
Road Type/Frontage
Paved: 1
Private Road: 1
Public (City/Cty/St): 1
Road/Trans Access
Airport: 16+ Miles
County Highway: Less than 5 Miles
Interstate: Less than 5 Miles
Port: 16+ Miles
Rail: 16+ Miles
State Highway: Less than 5 Miles
Cooling
Other: 1
Location
Gen Bus District: 1
Historic District: 1
Heating
Other: 1
Heating System Fuel Source
Electric: 1
Water Heater
None: 1
Utilities
Electricity Connected: 1
Natural Gas Available: 1
Water Available: 1
Water Source
Municipal Water: 1
Public: 1
Sewer
Municipal Sewer: 1
Financial Info
Financial Info: No
Real Estate Taxes: 3120.61
Property Features
Business Type: Food Service; Mixed; Professional/Office; Retail; Professional Service
Basement: None
Construction: Wood Frame
Exterior Finish: Brick; Vinyl Siding
Flooring: Laminate; Vinyl; Wood
Foundation: Crawl Space
Fuel Tank: None
Green Bldg Features: None
Parking Features: Gravel; Off Street; Parking Lot; Public
Roof: Flat; Membrane
Current Use: Commercial; Other
Location: Gen Bus District; Historic District
Cooling: Other
Heating: Other
Heating System Fuel Source: Electric
Water Heater: None
Utilities: Electricity Connected; Natural Gas Available; Water Available
Sewer: Municipal Sewer
Water Source: Municipal Water; Public; Public
Terms: 1031 Exchange; Cash; Conventional
Listing Office:
Asher RE LLC
IDX
Last Updated: October - 21 - 2025
Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.