3501 S Memorial Dr

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3501 S Memorial Dr

Greenville, NC 27834
Asking Price
$2.86M
Asset Type
Retail
Class
Class B

What's Special

3501 S Memorial Dr is located along a high-traffic commercial corridor in southern Greenville, North Carolina. The surrounding neighborhood is characterized by a mix of light industrial, automotive, and retail services. This site offers direct access to NC-11, a primary regional artery providing connectivity to Winterville and the greater Pitt County area. Nearby amenities include several national gas station brands, equipment rental providers, and local dining establishments. The property benefits from high visibility and proximity to major distribution routes. The asset is suitable for retail uses that require significant road frontage and easy ingress/egress for customers. Ideal use cases include automotive parts sales, specialty hardware, or showroom-based retail. The location’s drive-by volume and accessibility make it an appropriate fit for tenants seeking a service-oriented retail presence. Typical tenant profiles for this corridor include regional service providers and retailers focused on trade or commuter-based consumer bases rather than high-end boutique shopping.

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NOI
$80,000
Cap Rate
2.80%
DSCR
0.47
Underwater
Cash-on-Cash
-10.46%
Monthly Payment
$14,134.877
Annual Cash Flow
$-89,618.526

Location & Travel Times