220-222 Poindexter St, Elizabeth City, NC 27909
6,700 SF | 100% Leased | Retail Building | Elizabeth City, NC 27909 | For Sale
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 7 days
- Property Type
-
Retail, Restaurant
- Square Feet
- 6,700 SF
Listing Contacts
Linda Terry
Verified Profile
- Property Info
Property Overview
Ordered sold pursuant to Second Amended Plan of Reorganization, Bankruptcy Case 24-00258-5-DMW, Island Breeze Grill, Inc.
Gutted to the studs then painstakingly renovated beginning in 2013, this +/-6,700 square foot turnkey mixed-use property has a restaurant tenant operating on the first floor plus a massive Airbnb apartment on the second that doubles as a chic small-event space. More recent upgrades include interior paint, refinished floors and refreshed apartment bedrooms. Desirable CB Zoning permits a variety of pedestrian-friendly central business district uses, including retail, office, service, entertainment, and residential. Features include:
Luxury Apartment: 222 Poindexter Street
+/- 3,350 Square feet
Enclosed rooftop widow’s watch/gazebo
(3) Bedrooms
(3.5) Bathrooms (3 en suite baths plus half bath)
Sleeps 16
Open floorplan with large designer kitchen
Lovely, modern décor
Washer/Dryer
Conveys furnished, in ready-to-rent condition
2023 Airbnb Gross Earnings: $29,722.70
Restaurant: 220 Poindexter Street
+/-3,350 Square feet
Currently paying $4,528/month in base rent ($54,336 annually). Tenant would reportedly like a five-plus year lease.
Tenant pays all utilities plus restaurant liability insurance
Landlord-owned restaurant FF&E conveys with real estate, including kitchen (exhaust hood, stove, refrigeration, etc.), dining room chairs and tables, etc.
Parcel ID#: 0010171
2024 Tax Assessment: $329,700
2024 Annual Taxes: $4,197
Tranzon Key, NCAF4953
Gutted to the studs then painstakingly renovated beginning in 2013, this +/-6,700 square foot turnkey mixed-use property has a restaurant tenant operating on the first floor plus a massive Airbnb apartment on the second that doubles as a chic small-event space. More recent upgrades include interior paint, refinished floors and refreshed apartment bedrooms. Desirable CB Zoning permits a variety of pedestrian-friendly central business district uses, including retail, office, service, entertainment, and residential. Features include:
Luxury Apartment: 222 Poindexter Street
+/- 3,350 Square feet
Enclosed rooftop widow’s watch/gazebo
(3) Bedrooms
(3.5) Bathrooms (3 en suite baths plus half bath)
Sleeps 16
Open floorplan with large designer kitchen
Lovely, modern décor
Washer/Dryer
Conveys furnished, in ready-to-rent condition
2023 Airbnb Gross Earnings: $29,722.70
Restaurant: 220 Poindexter Street
+/-3,350 Square feet
Currently paying $4,528/month in base rent ($54,336 annually). Tenant would reportedly like a five-plus year lease.
Tenant pays all utilities plus restaurant liability insurance
Landlord-owned restaurant FF&E conveys with real estate, including kitchen (exhaust hood, stove, refrigeration, etc.), dining room chairs and tables, etc.
Parcel ID#: 0010171
2024 Tax Assessment: $329,700
2024 Annual Taxes: $4,197
Tranzon Key, NCAF4953
Property Details
- Class
- C
- Year Built
- 1946
- Stories
- 2
- Property Subtype
- Storefront Retail/Office, Storefront, Storefront Retail/Residential
- Lot Size (sq. ft)
- 3,049 SF
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