00 Allen Rd, Greenville, NC 27834
This exceptional 26.09-acre parcel presents a remarkable opportunity for high-density multifamily development in Greenville, North Carolina. Located at 00 Allen Rd., Pitt County, zip code 27834 (35.589973595717595, -77.4316375609882), this property boasts R6 zoning, permitting the construction of up to 435 market-rate apartments without the need for zoning variances. Its strategic location offers unparalleled convenience, placing future residents within easy reach of Greenville's thriving medical corridor and East Carolina University. Proximity to Highway 587 ensures seamless access to major roadways, connecting residents to Greenville's vibrant city center and the broader Raleigh/Fayetteville metropolitan areas. Greenville's robust economic growth, fueled significantly by the ECU Health Medical District, makes this a particularly attractive investment. The high-density multifamily zoning allows for significant scale and potential return on investment. This land presents a unique opportunity to capitalize on Greenville's burgeoning population and strong rental market demand. The site is ready for immediate development, offering a streamlined path to realizing a substantial multifamily project.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.