Active Downtown Restaurant
123 E 5th St, Greenville, NC 27858
For Lease
Contact for pricing
Existing food-service infrastructure supports continued restaurant, café, or related use, subject to approvals and lease terms.
Space Size2,157 SF
Days on Market53
Property Features for 123 E 5th St
General Information
Standard status
Size
Net Rentable
Property subtype
Lease Type
Space & Availability
Available Space
Contiguous Space
Space Use
Additional Details
Equipment Included
Spaces For Lease
at 123 E 5th St
Turn-Key Active Restaurant For Lease
$5,190/Mo
Size
2,157 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE, Completion
Prime opportunity to lease a 2,157 square foot active restaurant space in the heart of downtown Greenville, NC. Located approximately one block from East Carolina University’s campus. This well-positioned location offers excellent proximity to students, faculty, downtown businesses, residents and visitors, making it an attractive setting for a restaurant, café or other food-service concept. Take advantage of an established commercial setting in one of Greenville’s most active and recognizable areas.
The restaurant owner is asking $100,000 for the furniture, fixtures, equipment (FF&E) and inventory, providing a potential opportunity for an incoming operator to acquire the existing restaurant assets and establish their own business. The space’s existing restaurant use and infrastructure may help streamline the transition for a qualified tenant, subject to applicable approvals and lease terms.
There are approximately four years remaining on the existing lease, offering a defined lease term for prospective tenants to evaluate. Lease details, including rental terms and other relevant provisions can be shared with qualified prospective tenants for review. Contact the listing agent Martin Tanski with The Overton Group for additional information, to discuss the asset purchase opportunity and to arrange a confidential conversation regarding the property and lease terms.
Contact us
Listing Agency:
The Overton Group
(252) 714-8706
Listed By:
Martin Tanski · License NC #300956
(919) 368-2868
Source:
Moodyscre
Added: Sep 19
Changed: Nov 9
Last Checked: Nov 8 at 4:17AM
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 The Overton Group
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Investment Insights
Based on property information with market context.
This 2,157-square-foot restaurant space is currently configured for food-service operations and includes existing restaurant infrastructure. The premises may accommodate a restaurant, café, or another food-service concept, subject to applicable approvals and lease requirements. Furniture, fixtures, equipment, and inventory are associated with the existing operation; transaction details for those assets are not included here.
The property is at 123 E 5th St in Greenville, North Carolina, in the downtown area and approximately one block from East Carolina University’s campus. Its setting places the space near university students and faculty, downtown businesses, local residents, and visitors. Approximately four years remain on the existing lease, providing a defined term for review by prospective tenants.
The property is at 123 E 5th St in Greenville, North Carolina, in the downtown area and approximately one block from East Carolina University’s campus. Its setting places the space near university students and faculty, downtown businesses, local residents, and visitors. Approximately four years remain on the existing lease, providing a defined term for review by prospective tenants.
Key Highlights
- 2,157‑square‑foot restaurant space
- Existing restaurant infrastructure for food‑service operations
- Approximately one block from East Carolina University’s campus
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.33 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,359
Businesses Nearby
131k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 84%
Shops & Services 16%
McDonald's
Dining
32,112 visits/mo
0.3 miles
Krispy Kreme Doughnuts
Dining
26,588 visits/mo
0.3 miles
Starbucks
Dining
20,034 visits/mo
0.3 miles
Taco Bell
Dining
18,366 visits/mo
0.3 miles
FedEx Office Print & Ship Center
Shops & Services
7,678 visits/mo
0.4 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing food-service infrastructure supports continued restaurant, café, or related use, subject to approvals and lease terms.
Where is this conventional restaurant located?
The property is located at 123 E 5th St Greenville, NC.
What is the lease rate?
The lease rate is $5,190/Mo.
What are key features of this property?
This property features: 2,157‑square‑foot restaurant space; Existing restaurant infrastructure for food‑service operations; Approximately one block from East Carolina University’s campus
