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 a high-traffic retail corridor in Greenville, North Carolina. The property is located near the signalized intersection of Greenville Boulevard and Evans Street, a primary commercial junction. The surrounding neighborhood is characterized by a dense concentration of regional shopping centers, medical offices, and restaurants. Notable nearby amenities include the Greenville Mall and East Carolina University, which provide a consistent consumer base. The site offers direct access to major local thoroughfares and is positioned within reach of U.S. Route 264, facilitating regional transportation connectivity. This retail asset is suited for high-exposure use cases such as flagship storefronts, specialized boutiques, or service-oriented businesses. The building's prominent frontage and visibility cater to established national brands or regional retailers seeking to benefit from the area’s significant daily vehicle counts. The location’s demographics and proximity to major employment hubs support a diverse tenant profile, including consumer electronics, apparel, or quick-service food operators. Its positioning in a mature retail market makes it an appropriate choice for businesses requiring a central suburban location with a synergy of neighboring commercial traffic.

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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

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