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207 N Water Street

Elizabeth City, NC 27909
  • $1,674,600
  • STATUS: Active
  • ON SITE: 28 Days
  • MLS #: 129603
UPDATED: 95 min ago
$1,674,600
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Condo
Built:
2007
County:

School Ratings & Info

Description

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.

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© 2025 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Colony Realty Corp. Data last updated: 2025-07-09T23:37:35.793.
www.colonyrealtysales.com/homes/164810215
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207 N Water Street Elizabeth City, NC 27909

  • Price: $1,674,600
  • Status: Active
  • On Site: 28 Days
  • Updated: 95 min ago
  • MLS #: 129603
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2007
Built
Neighborhood:
Elizabeth City
County:
Other
Area:
Elizabeth City
Property Description
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.
Exterior Features

Construction Materials Masonry Foundation Details Slab Parking Or Garage 1-25 SpacesParking LotOff StreetReserved Roof Rubber

Interior Features

Cooling Central AirHeat Pump Flooring Ceramic Tile Heating CentralElectricHeat Pump Insulation Yes Living Qtrs Sq Ft 2088 Office Sq Ft 1080 Retail Sq Ft 3496

Property Features

Bank Or Institution Owned No Business Or Real Estate Bldg/Land Simple Buyer Financing CommercialCashOwner Finance 1st Commercial Features Grade Loading Current Use Office Retail Residential Fuel Tanks None Lot Description Level Permitted Use commercial & residential Property Sub Type Condominium Roads PublicPaved Sale Or Rent S Sewer Public Sewer Short Sale No Tax Annual Amount 9133 Tax Year 2024 Tenant Pays Association FeesElectricityGasJanitorial ServiceSee RemarksTaxesWater View Description Lake/River Water Source Public Waterfront Features None Zoning City CB

Listing courtesy of Joe Staten of OBX Island Realty: .


© 2025 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Colony Realty Corp. Data last updated: 2025-07-09T23:37:35.793.
 
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Colony Realty Corp
PO Box 129, 5219 S Croatan Hwy
Nags Head NC, 27959