Commercial Sale at 401 N Market Street, Washington, NC 27889
Commercial Sale at 401 N Market Street, Washington, NC 27889, photo 2 of 4
Commercial Sale at 401 N Market Street, Washington, NC 27889, photo 3 of 4
Commercial Sale at 401 N Market Street, Washington, NC 27889, photo 4 of 4
4 photos

$549,000

401 N Market Street, Washington, NC 27889
Washington, NC 27889
Listed by Laura Mucci Gerard · The Rich Company
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1900

About this home

Unique opportunity in Washington's Historic Business District! This historic property offers a prime downtown location with the character and layout to accommodate a variety of commercial or investment uses. With multiple private rooms, 3 full baths and generous common areas, the property could be an ideal setting for a law firm, professional office, boutique, studio, gallery, hospitality use or other business permitted within the district. The impressive wraparound porch and historic architecture provide great curb appeal and a distinctive presence along N Market Street. Inside, original hardwood floors in the foyer and formal rooms add to the character and professional appeal of the property. Previously operated as a successful short-term rental, the property offers additional investment potential and flexibility for an owner looking to combine business and residential use. Improvements over the years include upgraded electrical, downstairs HVAC, gas tankless water heater and extensive rebuilding of the front porch with a metal roof. Located just blocks from Washington's waterfront and convenient to downtown restaurants, shops, businesses and community activity, 401 N Market Street is a great opportunity for a professional office, law firm, investment property or other downtown commercial use.

Property details

MLS
Hive MLS
MLS #
100601523
Property type
Commercial Sale
Subdivision
Historic District
Status
Active
Days on market
101
On market date
September 4, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.14 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.

Elementary
Eastern Elementary
0.99 mi away · Grades -1-1
Nearest school -- attendance-zone data not available here
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
460
Student:teacher ratio
12.1:1
District
Beaufort County Schools
Middle
Chocowinity Middle
3.73 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
360
Student:teacher ratio
14.4:1
District
Beaufort County Schools
High
Washington High
2.34 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
826
Student:teacher ratio
15.0:1
District
Beaufort County Schools

Walkability

Blended score for Washington'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.

56
Somewhat walkable
out of 100
EPA National Walkability Index
11.2 / 20 -- Above average walkable

Market position

How this listing compares to current activity in Washington, from live MLS data.

On the market 101 days -- 81 fewer days than Washington's current average of 182 days.
For reference, the median list price across 189 active listings in Washington right now is $289,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$3,456/mo
$109,800 down
$439,200 loan
Principal & interest$2,849
Property tax (est.)$458
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated September 19, 2026.

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.