3.3 Acres Near ECU in Downtown Greenville, N

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3.3 Acres Near ECU in Downtown Greenville, N

Greenville, NC 27834
Asking Price
$1.75M
Asset Type
Land
Class
Class B

What's Special

This 3.3-acre parcel is situated in downtown Greenville, North Carolina, directly adjacent to the East Carolina University campus. The surrounding neighborhood is characterized by a mix of institutional facilities, student housing, and local commercial establishments. The site benefits from high visibility and immediate access to the urban core's amenities, including restaurants, retail centers, and government offices. Transportation access is provided via proximity to major local thoroughfares and regional transit routes, connecting the site to the broader Pitt County area. The land's location and scale make it suitable for high-density redevelopment, such as multifamily residential complexes or mixed-use student housing projects. A typical tenant profile or developer for this asset would include national student housing firms, hospitality groups looking for a central downtown presence, or professional office developers seeking proximity to university partners. The parcel offers the necessary footprint for large-scale construction in an area primarily defined by established educational and commercial infrastructure.

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NOI
$80,000
Cap Rate
4.57%
DSCR
0.77
Underwater
Cash-on-Cash
-4.55%
Monthly Payment
$8,658.045
Annual Cash Flow
$-23,896.542

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