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Greenville Land with Billboard Lease
For Sale
$115,000

1901 I 587, Greenville, NC 27834

Land, Greenville, NC

Property SizeContact for details
Lot Size38.00 Acres
Days on Market102

Property Features for 1901 I 587

General Information

Property type Land
Property subtype Other
Zoning Residential
Subdivision Not In Subdivision
Elementary school Falkland Elementary School
Middle school Farmville Middle School
High school Farmville Central High School
High school district Pitt County Schools
Directions For the north side, you would take a dight on Evans St, left on Dickinson Ave, right on Spring Forest Rd, left on Silas Ln, Land is behind the cellphone tower. For the south side you would take a right on Evans St, left on Dickinson Ave, right on Spring Forest Rd, Continue on Mozingo road turn left onto I587 W the land will be on the right side.
Standard status Active
APN 023817
Lot size 38.00 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Refer to deed and remarks.
Legal Description Refer to deed and remarks.
Listing Agency: Berkshire Hathaway HomeServices Prime Properties
Listed By: The Tingen Team · License #217303
Added: May 22 Changed: Aug 19 Last Checked: Aug 31 at 12:06PM
MLS# 100576174

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This property consists of approximately 38 acres of woodland, situated on both the north and south sides of the I 587 corridor. Located within the Greenville ETJ, the acreage on the north side of the I 587 W corridor is accessible via Silas Lane, a gravel private right of way, and is zoned RA 20 for low-density residential use. A cell tower is present on the property and has been purchased by Crown Castle Towers 09, LLC; the site is no longer leased. On the south side of the property, a billboard is leased to the Lamar Companies. The billboard site will most likely be purchased by the Lessee. The most recent lease renewal became effective on June 17, 2019, for a 10-year term, with an automatic 10-year renewal at the same terms and conditions, leaving approximately 14 years remaining on the term. The annual rent for the billboard is $2,000, with no rent escalations specified in the lease agreement. The Lessee has the Right of First Refusal to purchase the billboard site if the Lessor elects to sell the property. The Lessee also has the right to purchase a perpetual easement for the billboard site for 6 times the annual rent or $12,000 if the Lessor opts to sell the property and the right to terminate the lease at any time by providing written notice. The legal description is outdated, as is the acreage for the property on the county tax site from where I 587 passed through decades ago. It will be the buyer's responsibility to obtain a survey for title insurance.

Key Highlights

  • Approximately 38 acres of woodland offer a serene setting.
  • Located in the Greenville ETJ and zoned RA 20 for low‑density residential use.
  • Land on the north side of I‑587 W has access via Silas Lane, a gravel private right of way.

Property Analytics

Current Use

Residential land & home ...

Location Intelligence

Trade Area within ½ mile

21
Businesses Nearby

Demographics for 27834, NC

55,051
Population
27,368
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
88%
High-School Grad
174.3 sq mi
ZIP Area
316
Density / Sq Mi
$48,081
Median Household Income
$36,755
Median Earnings
$941
Median Rent
$161,700
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Land - 38 acres of woodland with billboard and cell tower.
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 $115,000.
What are key features of this property?
This property features: Approximately 38 acres of woodland offer a serene setting.; Located in the Greenville ETJ and zoned RA 20 for low‑density residential use.; Land on the north side of I‑587 W has access via Silas Lane, a gravel private right of way.
More about this property
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