0.86-Acres Near Downtown Greenville

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0.86-Acres Near Downtown Greenville

Greenville, NC 27834
Asking Price
$495K
Asset Type
Land
Class
Class B

What's Special

Situated on 0.86 acres near downtown Greenville, North Carolina, this land parcel is positioned within a transitioning corridor characterized by a mix of established professional offices and residential neighborhoods. The property offers proximity to the central business district and East Carolina University, providing access to regional employment centers and student populations. Local transportation is supported by the nearby 10th Street thoroughfare and proximity to US-264, facilitating logistics and commuting across the Pitt County area. The site is suited for commercial development, such as small-scale retail, professional services, or medical office space. Potential owners may include local developers or owner-occupants looking to establish a physical presence near urban amenities. Given the location’s infill nature, the land also presents opportunities for multi-family residential projects or mixed-use facilities designed to serve the local workforce and academic community.

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NOI
$80,000
Cap Rate
16.16%
DSCR
2.72
Strong
Cash-on-Cash
34.08%
Monthly Payment
$2,448.99
Annual Cash Flow
$50,612.121

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