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    Land

    00 Allen Rd, Greenville, NC 27834

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    Property summary
    AI-generated overview

    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.

    Property profile
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    Property type Land
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Permitted uses
    Allowed · conditional · prohibited
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