3900 Charles Blvd

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3900 Charles Blvd

Greenville, NC 27858
Asking Price
$1.00M
Asset Type
Land
Class
Class B

What's Special

Located at 3900 Charles Blvd in Greenville, North Carolina, this undeveloped parcel is situated within a growing secondary commercial corridor. The property offers direct frontage on Charles Boulevard, a primary north-south artery connecting residential neighborhoods to the city’s major medical and educational hubs. The immediate vicinity features a mix of established professional offices, local retail centers, and high-density residential developments. It is positioned approximately three miles south of East Carolina University and is accessible via Highway 264 and the Greenville Southwest Bypass, providing connectivity to the broader Pitt County region. Zoning and location suggest this land is suitable for commercial development, particularly professional or medical office space, small-scale retail, or high-density residential projects. The site is positioned to serve a tenant profile consisting of service-based businesses, healthcare providers, or local retailers seeking visibility in a high-traffic residential transition zone. Its proximity to the university and the regional medical district makes it a viable option for developers targeting the city’s professional workforce and student populations.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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