Business at 1237 N Road Street, Elizabeth City, NC 27909, Elizabeth City
Business at 1237 N Road Street, Elizabeth City, NC 27909, Elizabeth City, photo 2 of 2
2 photos

$899,000

1237 N Road Street, Elizabeth City, NC 27909
Elizabeth City, NC 27909
Listed by Alex Rich · Rich Company
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
2006

About this home

Corner location QSR restaurant building built in 2006 across from College of the Albemarle (3,000 students) for sale or for lease with recent significant price reduction. Previously Arby's and Captain D's, this building is +/-3,380 sq ft on a 1.24AC lot at the corner of North Road Street and Jennings Drive with a curb cut on both roads. 36 parking spaces, drive thru, mature oak trees and bushes make up the landscaping, enclosed double dumpster corral, natural gas connected. Inside features a wood lined vaulted ceiling, large dining room, 4', 5', and 7' hoods, ice maker, soda machine with ice maker, ice cream machine, walk in cooler, walk in freezer, fryer, warming table, counter height fridge, dessert fridge 2 Rinnai tankless hah's, and more. $899k sale price, $60k/yr NNN lease rate with TICAM estimated at $30,030 per year.

Property details

MLS #
100607191
Property type
Business
Subdivision
N/A
Status
Active
Days on market
8
On market date
September 30, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
1.24 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Sheep-Harney Elementary
1.6 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
2.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
444
Student:teacher ratio
15.9:1
District
Elizabeth City-Pasquotank Public Schools
Middle
Elizabeth City Middle
3.89 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
555
Student:teacher ratio
15.4:1
District
Elizabeth City-Pasquotank Public Schools
High
Pasquotank County High
3.87 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
601
Student:teacher ratio
14.0:1
District
Elizabeth City-Pasquotank Public Schools

Walkability

Blended score for Elizabeth City's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

43
Somewhat walkable
out of 100
EPA National Walkability Index
8.7 / 20 -- Below average walkable

Mortgage calculator

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Est. monthly payment
$5,564/mo
$179,800 down
$719,200 loan
Principal & interest$4,665
Property tax (est.)$749
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated 7 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.