EC Pawn and Jewelry looking at next locale | Area News

The homeowners of Elizabeth City Pawn and Jewelry are scheduling to open up a next

The homeowners of Elizabeth City Pawn and Jewelry are scheduling to open up a next location in the city.

Co-proprietors Kevin Stroud and Eric Rainwater are inquiring Town Council to grant a council use permit for a pawn store at 417 South Hughes Boulevard.

The spot is the previous Pancake Station cafe that has been vacant for at the very least a ten years. Options phone for Stroud and Rainwater’s proposed pawn store to occupy fifty percent of the to start with flooring of the developing.

Stroud and Rainwater have upcoming programs to use the other 50 % of the initially flooring for a restaurant. The nearly 7,000-foot two-tale making has an existing kitchen on the 1st floor.

Town Council is anticipated to explore the proposal and vote on calling the necessary general public hearing at its Monday, Aug. 23 conference.

The proposal was scheduled to be presented to City Council previously this 7 days but that assembly was canceled mainly because of a absence of a quorum following 5 councilors ended up absent.

The city’s Organizing Fee voted final thirty day period to propose that Metropolis Council approve the council use allow for the pawn store.

Stroud and Rainwater are currently in negotiations to obtain the property and acquiring a council use permit is wanted prior to they can progress with the venture.

“It’s not a done offer, we haven’t bought it nevertheless,” Stroud mentioned. “We want to have it (allow) before we bought it in any case. Almost everything with council has been smooth.’’

The area is zoned typical business as are all the bordering attributes, which includes Chauncey’s Pawn and Gun positioned throughout Hughes Boulevard from the proposed new pawn store site.

If permitted, the pawn store would provide electronics, jewelry, equipment, firearms and other like retail products. Stroud and Rainwater maintain an ATF Federal Firearms License for their location at 1505 W. Ehringhaus Street and they will use for a FFL at the proposed new area.

The next story of the South Hughes Boulevard house has a vacant 1,360-sq. foot condominium that Stroud and Rainwater will continue to keep for residential use if they purchase the property, according to documents filed with the town.

The developing and an adjacent .60-acre vacant ton are mentioned at $620,000. The building was constructed in 1992.

Tax records show the constructing is assessed at $670,500 whilst the vacant parcel is assessed at $189,100. Genesis Residence Group of Elizabeth Metropolis is detailed as the proprietor.

Stroud and Rainwater opened Elizabeth Town Pawn and Jewellery in 2011. The companions at first prepared to open one more pawn shop in the previous S&R Market place on North Hughes Boulevard two a long time in the past. However, the venture was placed on hold following the town added quite a few essential site advancements that Rainwater reported at the time would insert $100,000 to the project’s expenditures.

That project by no means went ahead. Stroud could not be achieved Friday for comment about the position of that venture.