Property profile

00 Allen Rd Greenville, NC 27834

OFF-MARKET
Land
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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

Verified
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

Location

00 Allen Rd Greenville, NC 27834
Greenville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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