808 S Memorial Dr

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808 S Memorial Dr

Greenville, NC 27834
Asking Price
$2.42M
Asset Type
Retail
Class
Class B

What's Special

808 S Memorial Dr is located in a high-traffic commercial corridor in Greenville, North Carolina. The property sits near the intersection of Memorial Drive and Greenville Boulevard, providing visibility and direct access to major local thoroughfares. The surrounding neighborhood features a mix of established retail centers, automotive services, and fast-food franchises. It is situated within a three-mile radius of East Carolina University and Vidant Medical Center, benefiting from the area's primary economic drivers and consistent commuter flow. This retail asset is suited for businesses requiring high exterior visibility and frequent customer turnover. Ideal use cases include specialty hardware, automotive parts, convenience retail, or quick-service restaurant concepts. The location aligns with the needs of regional franchisees or local independent operators looking to leverage the area's steady daytime population and proximity to dense residential pockets and the city's primary medical district.

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NOI
$80,000
Cap Rate
3.31%
DSCR
0.56
Underwater
Cash-on-Cash
-8.77%
Monthly Payment
$11,972.84
Annual Cash Flow
$-63,674.075

Location & Travel Times