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Active Downtown Restaurant Space
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123 E 5th St, Greenville, NC 27858

Existing food-service infrastructure supports continued restaurant, café, or related use, subject to approvals and lease terms.

Space Size2,157 SF
Days on Market8

Property Features for 123 E 5th St

General Information

Standard status Active
Size 2,157 SF
Net Rentable 2,157 SF
Property subtype RETAIL
Lease Type NNN

Space & Availability

Available Space 2,157 SF
Contiguous Space 2,157 SF
Space Use Restaurant

Additional Details

Equipment Included No

Spaces For Lease

at 123 E 5th St Contact us

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...
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Listing Agency: The Overton Group
Listed By: Martin Tanski · License #300956
Source: Moodyscre
Added: Sep 19 Changed: Sep 22 Last Checked: Sep 24 at 2:43PM

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

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.

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

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Open Analytics

Current Use

The Blackened Kraken Bar ... 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

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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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
(919) 368-2868 Call to check price and availability
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