Commercial

207 Water Street N Units 207+, Elizabeth City

$1,674,600.00
  • Listing ID #: 129603
  • Status: Active
  • Address: 207 Water Street N Units 207+, Elizabeth City, NC 27909
  • Date Listed: 6/11/2025
  • Days on Market: 177
  • Stipulations: No
Location Location
Agent Comments Agent Comments
This listing is for three commercial condos (201, 205 & 207 N. Water Street) and one residential condo (203B N. Water Street) - Listing is for real estate only, not tenant businesses! The current tenants are thriving, and not for sale. Note: two seller principles also own two of the tenant businesses. If purchased as an investment property, nothing needs to be done to these units but collect the rent! Owning these units also results in voting control over the Association. There is some flexibility should a buyer want to owner occupy a unit. Like all the units in Water Street Commons, the high-end finishes such as exposed brick and marble flooring will accommodate any top tier office or retailer's needs and impress customers. This building is a beautifully finished with well-maintained spaces. A national investment firm as one of the tenants. Units 201, 205 & 207 are sold subject to Tenancy. The luxury 3-bedroom 2.5 bath residential unit, 203B is rented weekly and managed by sellers. Be a part of the Elizabeth City renaissance in the heart of the waterfront business district by proudly owning this property! This unit is an excellent investment and a must see! Call Broker for additional information.
Additional Features Additional Features
  • Construction Materials: Masonry
  • County: Other
  • Days on Market: 177
  • Pool: No
  • Property Sub Type: Condominium
  • Sale or Rent: S
  • Sewer: Municipal Sewer
  • Waterfront Features: Semi-Riverfront
  • Water/Sewer: Municipal Water
  • Year Built: 2007
Financial Financial
  • Annual Tax Amount: 9133
  • Bank/Institution Owned: No
  • Buyer Financing: Cash,Commercial,Owner Finance 1st
  • Original Price: 1674600
  • Ownership: Owned More than 12 Months
  • Possession: At Closing
  • Price Update Date: 2025-09-28T16:29:19.4+00:00
  • Short Sale: No
  • Tax Year: 2024
Interior Features Interior Features
  • Cool System: Central, Heat Pump
  • Heat System: Central, Electric, Heat Pump
Exterior Features Exterior Features
  • Foundation details: Slab
  • Fuel Tanks: None
  • Lot Features: Level
  • Road Surface Type: Public,Paved
  • Roof: Rubber
  • Water Source: Municipal Water
  • Waterfront Feature: Semi-Riverfront
  • View: Lake/River
Location Location
  • Directions: From the Outer Banks, Rt 158 North, left on Short Cut Road cross small bridge turn left on N. Water St. Building is on the right at intersection with Colonial Dr.
  • Street Number: 207
  • MLS Area Minor: Elizabeth City

Listed by: Joe from OBX Island Realty.

Outer Banks Association of Realtors

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