Property Overview:
• Location: Direct frontage on NC-55 (Main Street), Bayboro, North Carolina (Average: 12,000 vehicles per day)
• Size: 2,384 sq ft retail/office building
• Units: 3 individual retail/office units
• Construction: Built in 1987, renovated in 2022
• Roof: New roof installed in 2024
• Zoning: RB (Residential / Business)
• Flooring: Luxury Vinyl Plank (LVP) throughout
• New $67MM School under construction diagonal from building. More info Here: https://www.pamlicoschools.org/about-us/new-school-information
Additional Features:
• Outbuilding: 12x24 conditioned building, potential for additional rental income
• Storage: 12x20 metal storage shed in rocked yard
• Yard: Approximately 0.5-acre rocked lay-down yard with expansion potential
• Flood Zone: Property is not in a flood zone
Community Insights: Bayboro serves as the county seat of Pamlico County, a region known for its rich history and a hub for agricultural and marine industries. Pamlico County's economy is diverse, with key industries including retail trade, healthcare, and outdoor recreation. The county's strategic location along major waterways has fostered a thriving tourism sector, attracting visitors for boating, fishing, hunting, and other recreational activities. Additionally, the presence of organizations like the Pamlico County Chamber of Commerce and the Small Business Center underscores a supportive environment for business development.
Economic Indicators:
• Gross Domestic Product (GDP): Pamlico County's GDP has shown consistent growth, reaching approximately $381.9 million in 2023, up from $351.7 million in 2022.
• Median Household Income: The median household income stands at $61,996, aligning closely with state averages.
• For more information visit: https://pamlicocounty.org/
Investment Potential: This property offers a unique opportunity for investors and business owners seeking a stable commercial space in a growing community. With its recent renovations, added rental potential, and rocked rear yard, it stands ready to accommodate a variety of businesses.