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    1901 I 587 Greenville, NC 27834

    Picture of Land at I 587 1901, Greenville, NC
    Pending
    For Sale
    $45,000

    LAND - Greenville, NC

    Lot size:
    14.50 Acres
    Days on Market:
    26
    Last Refresh:
    Dec 13 at 5:06 pm

    Property Features for 1901 I 587

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    Res
    APN
    023817
    Lot size
    14.50 Acres

    Prime Properties of Greenville, Inc. (252) 321-1990 [email protected]

    Listing agent The Tingen Team (252) 321-6161 License #217303

    Listing date Nov 18, 2025

    MLS# 100530173 Listing URL

    Copyright © 2025 Hive MLS / Topsail Island Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Landlocked Greenville Acreage with Billboard

    This parcel, identified as 23817, comprises approximately 14.5 acres as measured from the aerial tax map. The property is located on the south side of I 587 W and is currently landlocked with no direct access. Zoned RR for rural residential and agricultural use by Pitt County, the land features a billboard site leased to the Lamar Companies. The billboard lease was most recently renewed on June 17, 2019, for a 10-year term, with an automatic 10-year renewal under the same terms. Approximately 14 years remain on the lease term. The owner reports an annual rent of $2,000, with no specified rent escalations in the lease agreement. The lessee has the right of first refusal to purchase the billboard site should the lessor decide to sell. Additionally, the lessee can purchase a perpetual easement for the billboard site for $12,000, which is six times the annual rent, if the lessor chooses to sell the property. The lessee also retains the right to terminate the lease at any time with written notice. The present value of the $2,000 annual income stream is $18,589.9.
    Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Map

    City
    Greenville
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.473665
    Latitude
    35.606919

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    FAQs

    What type of property is this?
    Land - 14.5 acres zoned RR with billboard lease income.
    Where is this land located?
    The property is located at 1901 I 587 Greenville, NC.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: - 14.5 acres of land zoned RR (rural residential and/agricultural use) by Pitt County.; - Existing billboard lease with Lamar Companies provides annual income.; - Billboard lease has approximately 14 years remaining on the term.
    (252) 321-6161
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

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    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1901 I 587 Greenville, NC 27834
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