Property summary
This exceptional 1.43-acre commercial lot is available for sale in the thriving Gateway West Commercial Development (Lot #5) in Greenville, North Carolina. Zoned GC (General Commercial), this property presents a unique opportunity for retail development. Situated off Highway 264 (future I-587), it serves as the main entrance to Greenville for traffic originating from western North Carolina cities, including Raleigh/Durham, the Triad (Greensboro, Winston-Salem), and Charlotte. The location within Greenville's medical district, adjacent to Vidant Medical Center (a Tier 1 trauma hospital with over 6,000 employees), ensures high visibility and significant foot traffic. This lot boasts convenient access to I-587 and Highway 11 Bypass. Existing infrastructure includes on-site stormwater and utilities. High-performing neighboring businesses include a Walmart Neighborhood Market, Speedway (one of the nation's top-performing locations), and a Dollar General. The property is surrounded by a dense concentration of multifamily residential units, providing a substantial customer base. This is the only remaining GC-zoned retail pad available in this desirable medical district. The asking price is $536,250, representing a land value of $275,000 per acre. This is an exceptional investment opportunity in a high-growth area.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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