$530,000
126 N Market Street
Washington, NC 27889
MLS# 100334109
Status: Closed
2020 sqft


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Property Description
Rare opportunity in Washington, NC's bustling Historic Business District. Rachel K's Bakery, housed in the iconic, reimagined ''Old City Hall'', is for sale with all equipment, fixtures and real estate in order to be a true turn-key operation. The bakery and drinks service is well established with an excellent, highly respected reputation. The location is unsurpassed for vehicle and foot traffic, and offers on site private parking, as well as several outdoor spaces for seating. There is room for physical and revenue expansions of the business with an underutilized second floor, and ground space at the rear and side of the building.

Details
Maps
Location Information
Street #: 126
Pre Direction: N
Street Name: Market
Street Suffix: Street
County: Beaufort
State/Province: NC
Zip Code: 27889
City Limits: Yes
Marketing City: Washington
Subdivision: Historic District
Secondary Subdivision: N/A
Geo Lat: 35.5428
Geo Lon: -77.054881
Contract Info
Status: Closed
Marketing Start Date: 2022-06-17
Auction: No
Listing Price: 599900
Current Price: $530,000
List Price/SqFt: 296.98
Stipulation of Sale: Standard
Remarks and Showing
Directions to Property: Rachel K's Bakery on N Market St. between Main and 2nd Streets
Sign on Property: No
Building Info
New Construction: No
Legal and Taxes
Tax Assessed Value: 283456
Deed Book: 1852
Deed Page: 888
Legal: Old City Hall (Demille Bldg)
Broker Owner: No
PID: 5675885185
Tax Identifier: 2602
Plat Book: n/a
Plat Page: n/a
Total Real Estate Property Taxes: 3273.92
Special Assessments: no
Tax Year: 2021
Year Built: 1883
Zoning: B1H
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: No
Miscellaneous
Current Use: Bakery
Current Service Providers
Electric Provider: City of Washington
Sewer Provider: City of Washington
Water Provider: Beaufort County
BuildingExt Features
SqFt - Heated (Primary): 2020
Status Change Info
Under Contract Date: 2022-09-13
Sold Price: $530,000
Sold Date: 2022-11-17
Property Features
Business Type: Food Service; Retail; Commercial
Basement: None
Construction: Brick/Stone
Exterior Finish: Brick
Flooring: Concrete; Wood
Foundation: Slab
Fuel Tank: None
Parking Features: Asphalt; Off Street; On Site; Paved; Private
Roof: Metal; Wood Joists/Truss
Lot Description: Corner Lot
Location: Cent Business District; Corner; Historic District
Cooling: Central Air; Heat Pump
Heating: Heat Pump
Heating System Fuel Source: Electric
Utilities: Electricity Connected; Water Available
Water Source: Municipal Water; Public
Terms: Cash; Conventional; SBA

IDX
Listing Office: Coldwell Banker Sea Coast Advantage - Washington

Last Updated: September - 16 - 2026

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