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Historic Mixed-Use Property
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114 E 5th St, Greenville, NC 27858

Campus-adjacent asset combining loft apartments, retail suites, and private parking in a three-story historic building.

Property Size23,242 SF
Lot Size0.42 Acres
Days on Market9

Property Features for 114 E 5th St

General Information

Standard status Active
Size 23,242 SF
Total Parking Spaces 24
Lot size 0.42 Acres
Property subtype MULTIFAMILY
Zoning CD

Additional Details

Asking Price $3,262,000
Multifamily Units 12

Building Details

Year Built 1927
Buildings 2
Stories 3
Listing Agency: Lee & Associates | Raleigh
Listed By: Kyle Gross
Source: Mullarkeycreg
Added: Aug 16 Changed: Aug 24 Last Checked: Aug 23 at 2:48AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | Raleigh

Investment Insights

Based on property information with market context.

Constructed in 1927, this mixed-use property comprises a 23,242-square-foot main building, a 700 RSF adjacent structure, 12 apartments, 33 loft-style apartment beds, and two retail spaces. The principal building retains its original polychrome terra cotta exterior and a bas-relief “Spirit of Progress” sculpture. The property also includes a private parking lot with 24 spaces.

The asset consists of four parcels totaling 0.42 acres and carries CD zoning. It is adjacent to East Carolina University’s campus in Uptown Greenville, with walkable amenities and multiple nearby traffic generators identified in the property information. Capital improvements completed in 2026 exceeded $62,000.

Key Highlights

  • 23,242 SF main building plus a 700 RSF adjacent structure
  • 12 apartments and 33 loft‑style apartment beds
  • Two retail spaces within the mixed‑use asset

Property Analytics

Current Use

Nash Restaurant Nash Hot Chicken Restaurant

Suggested Use

Top Pick Dental Office Pharmacy Storage Facility Skin Care Clinic (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

1,359
Businesses Nearby

Demographics for 27858, NC

52,857
Population
26,281
Households
2
Avg Household Size
31
Median Age
46%
College-Educated
94%
High-School Grad
61.4 sq mi
ZIP Area
861
Density / Sq Mi
$60,915
Median Household Income
$34,598
Median Earnings
$1,042
Median Rent
$233,200
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Campus-adjacent asset combining loft apartments, retail suites, and private parking in a three-story historic building.
Where is this mixed-use property located?
The property is located at 114 E 5th St Greenville, NC.
What are key features of this property?
This property features: 23,242 SF main building plus a 700 RSF adjacent structure; 12 apartments and 33 loft‑style apartment beds; Two retail spaces within the mixed‑use asset
More about this property
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