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Auction Information
Auctioneer Tranzon Fox See Listing
Auction Date Nov 15 Auction
Location
402 S Road St
Elizabeth City, NC
Time 01:00PM
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Auction Listing
AuctionZip Auctioneer ID# 6378
Note: This listing is for bidding on offering FX4511B ONLY - 402 S Road St, Parcel ID # 8913 0888 0663. You may also bid on any of the other offerings, including as an entirety, at their respective listings. Click Here for the complete list or select a link from the table below. Registering to bid for any one offering allows you to bid on any or all of the available offerings. Elizabeth City is an historic waterfront town in Eastern North Carolina. Marketed as the Harbor of Hospitality, Elizabeth City has had a long history of shipping due to its location at a narrowed bend of the Pasquotank River.Founded in 1794, Elizabeth City prospered early on from the Dismal Swamp Canal as a mercantile city, before later shifting into a varied industrial and commercial focus. While Elizabeth City still retains its extensive waterfront property, it is linked to neighboring counties and cities by highways and bridges and serves as the site of the largest US Coast Guard base in the nation. These 3 tax parcels have a combined tax assessed value of $977,000; they guarantee to sell with a combined bid of $200,000 for all. Bid individually or for all 3. FX4511A: Opportunity to occupy or rent for income stream. Close to downtown and waterfront. Formerly medical offices. Sturdy cinder block construction, with brick veneer. L shaped building, single story on slab with handicapped access ramps and paved parking. Interior walls and layout are easily changed for updates. Each suite has individual fenced areas out the back door, suitable for equipment storage or employee picnic tables. Original part built in 1977, with addition in 1990s. +/- 11,678 sf per tax record. Use for medical/dental, professional office, daycare, retail. Suite D-1, on the corner, is leased by Urologist tenant since 2000. $1,472/mo net lease. Auto renews with 60 day notice to terminate. Drop ceilings can easily be raised to add ceiling height. 4 HVAC zones for central heat and air; each suite has mens and womens bathroom. FX4511B: Brick and block free standing building 8 ft above flood zone. Insurance can be reduced by changing to flow through vents in the raised foundation. This building has a large, walk up attic area that is floored and drywalled- plenty of storage space. FX4511C: Vacant adj lot is on the corner with frontage on 2 roads. 0.4 ac. Use for overflow parking or develop. Offering Address Parcel ID # Approx Acreage 2017 Tax Assessment 2016 Annual Taxes FX4511A 400 S Road St 8913 0888 0459 0.866 ac $700,100 $5,391 FX4511B 402 S Road St 8913 0888 0663 0.224 ac $152,300 $1,173 FX4511C 00 E Grice St 8913 0888 3621 0.401 ac $124,700 $960 FX4511 Entirety Offering 1.491 ac $977,100 $7,524 Please be sure to download the Property Information Package by clicking on the words under Documents to Download. By downloading this package you will alert Tranzon Fox to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction. License Number: NCAF4953



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