444 S. Hughes Boulevard - Elizabeth City, N

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444 S. Hughes Boulevard - Elizabeth City, N

Elizabeth City, NC 27909
Asking Price
$1.57M
Asset Type
Retail
Class
Class B

What's Special

444 S. Hughes Boulevard is situated along a high-traffic commercial corridor in Elizabeth City, North Carolina. The property benefits from its position on a primary north-south thoroughfare, providing direct access to regional transit routes and the downtown district. The surrounding neighborhood is characterized by a mix of established residential pockets and active commercial hubs. Nearby amenities include national grocery chains, fast-food restaurants, and local service providers, ensuring a consistent flow of vehicle and pedestrian traffic. The site is suited for retail operations that require high visibility and easy accessibility for commuters. Potential use cases include convenience stores, specialty boutiques, or service-oriented businesses such as hair salons and dry cleaners. The typical tenant profile consists of local or regional businesses looking to capture the daily consumer demand generated by the adjacent residential communities and the surrounding professional offices.

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NOI
$80,000
Cap Rate
5.08%
DSCR
0.86
Underwater
Cash-on-Cash
-2.86%
Monthly Payment
$7,792.241
Annual Cash Flow
$-13,506.888

Location & Travel Times