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 located in a primary commercial corridor of Elizabeth City, North Carolina. This high-visibility site sits along US-17 Business, a major north-south artery connecting the coastal plain to the Hampton Roads metropolitan area. The surrounding neighborhood features a mix of established shopping centers, national fast-food franchises, and local automotive services. The property benefits from easy regional access and proximity to Elizabeth City State University and the waterfront district, ensuring consistent traffic counts from local residents, students, and travelers. The asset is well-suited for traditional retail uses, including grocery, specialty boutiques, or showroom-based businesses. Its location along a high-traffic thoroughfare makes it an appropriate site for service-oriented tenants such as fitness centers, medical clinics, or quick-service restaurants. Prospective tenants would likely include regional or national retailers seeking a presence in North Carolina's Inner Banks region or local businesses requiring prominent signage and convenient customer parking.

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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