1.92 Acres for Sale

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1.92 Acres for Sale

Greenville, NC 27858
Asking Price
$699K
Asset Type
Land
Class
Class B

What's Special

This 1.92-acre parcel is situated in Greenville, North Carolina, within a developing commercial corridor. The property features level topography and significant road frontage, offering visibility to local traffic. The surrounding neighborhood is characterized by a mix of retail centers, medical offices, and residential subdivisions. Major amenities, including regional shopping hubs and dining establishments, are located within a three-mile radius. The site provides efficient transportation access via nearby primary thoroughfares and is positioned less than five miles from the city center and East Carolina University. The site’s zoning and location make it suitable for a variety of commercial applications. Potential use cases include retail pad sites, quick-service restaurants, professional office suites, or medical facilities. A typical tenant profile for this location would consist of service-oriented franchises or local professional firms seeking proximity to Greenville’s growing population base. The land offers sufficient space for standard parking requirements and integrated landscaping, catering to businesses that prioritize accessibility and local market penetration within the Pitt County area.

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NOI
$80,000
Cap Rate
11.44%
DSCR
1.93
Strong
Cash-on-Cash
18.36%
Monthly Payment
$3,458.271
Annual Cash Flow
$38,500.753

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