1910 Old Creek Rd

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1910 Old Creek Rd

Greenville, NC 27834
Asking Price
$1.85M
Asset Type
Land
Class
Class B

What's Special

1910 Old Creek Road is situated in high-growth West Greenville, positioned approximately four miles from the medical district and East Carolina University. The property sits within a transition zone between the city's commercial corridors and established residential neighborhoods. It offers direct access to the NC-11 transport artery and is located less than three miles from the US-264 bypass, facilitating regional distribution and logistics. Local amenities include proximity to the North Pitt Side Parkway and various retail centers along Memorial Drive. The site is suited for commercial development, specifically light industrial or flex-space facilities that support the nearby healthcare and educational sectors. Potential use cases include professional office parks, equipment storage, or small-scale distribution hubs. The profile of a typical occupant ranges from local service providers to regional contractors requiring strategic access to the greater Pitt County infrastructure. The acreage and flat topography accommodate versatile site plans and significant paved surface requirements.

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NOI
$80,000
Cap Rate
4.32%
DSCR
0.73
Underwater
Cash-on-Cash
-5.38%
Monthly Payment
$9,152.791
Annual Cash Flow
$-29,833.487

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