502 Greenville Blvd SW

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502 Greenville Blvd SW

Greenville, NC 27834
Asking Price
$1.93M
Asset Type
Retail
Class
Class B

What's Special

502 Greenville Blvd SW is situated in the primary commercial corridor of Greenville, North Carolina. The property sits within a high-traffic retail district characterized by a mix of shopping centers, national franchises, and professional services. Nearby amenities include the Greenville Convention Center and the regional Pitt-Greenville Airport, which is located approximately five miles away. The site offers direct access to Greenville Boulevard, a major thoroughfare connecting the neighborhood to the U.S. Route 264 bypass and East Carolina University. This retail asset is suited for high-exposure businesses requiring significant street visibility and consistent vehicular traffic. Ideal use cases include traditional retail storefronts, quick-service restaurants, or customer-facing service providers. The typical tenant profile consists of established regional or national brands seeking a central position within the city’s main shopping hub. The property’s layout and location support operations that prioritize accessibility and proximity to a dense residential and commercial consumer base.

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NOI
$80,000
Cap Rate
4.15%
DSCR
0.70
Underwater
Cash-on-Cash
-5.97%
Monthly Payment
$9,543.64
Annual Cash Flow
$-34,523.674

Location & Travel Times