2088 Allen Rd

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2088 Allen Rd

Greenville, NC 27834
Asking Price
$8.45M
Asset Type
Retail
Class
Class B

What's Special

2088 Allen Road is located in a developing commercial corridor in western Greenville, North Carolina. Positioned near the intersection of Stantonsburg Road and the Southwest Bypass, the property offers proximity to the medical district, anchored by ECU Health Medical Center. The surrounding neighborhood features a mix of established residential subdivisions, light industrial parks, and professional services. Local amenities include various dining options and convenience retail, while the nearby highway network provides efficient transportation access for commuters and regional logistics. The property is suited for retail businesses seeking visibility within a growing trade area. Ideal use cases include neighborhood-scale retail, specialty showrooms, or service-oriented storefronts such as fitness centers and personal care salons. Typical tenants for this asset profile include regional franchisees, independent local retailers, and professional service providers requiring a physical storefront to serve the local population and the nearby healthcare workforce.

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NOI
$80,000
Cap Rate
0.95%
DSCR
0.16
Underwater
Cash-on-Cash
-16.63%
Monthly Payment
$41,781.252
Annual Cash Flow
$-421,375.027

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