Jennette Fruit & Produce
Historic Waterfront Warehouse to Residential Redevelopment Opportunity
Marketing description
Historic Intracoastal Waterfront Redevelopment Warehouse to Residential Opportunity in Elizabeth City, NC.
Known as “The Harbor of Hospitality”, this trendy coastal town is within an hour commute of Tidewater, Va. and NC’s Outer Banks.
Executive Summary- This proposal outlines a prime redevelopment opportunity to convert existing waterfront
warehouses into high-end luxury condominiums and multi-use businesses in a trendy
coastal town. With its unique location, vibrant community, and growing demand for
premium housing, this project promises to deliver exceptional returns for investors while
enhancing the character of the local area. Listed on the National Historic Register, these
buildings qualify for redevelopment tax credits of 20% federal, 15% state, 5% opportunity
zone and possibly additional industrial/ mill to residential tax credits.
Project Overview- The subject property comprises several underutilized warehouses situated directly on
600’+ of deep intracoastal waterway river-frontage. These industrial buildings offer
expansive footprints and direct access to picturesque river views, making them ideal for
conversion into residential units. This property is located adjacent to a local university.
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