1 Allen Rd Greenville, Greenville, NC 27834
This exceptional 90-acre parcel presents a remarkable opportunity for large-scale multifamily development in Greenville, North Carolina. Ideally situated just minutes from ECU Health Center, this property boasts a highly convenient location within city limits. Zoned for multifamily use, it's perfectly positioned to create a substantial residential neighborhood. The site offers readily accessible water and sewer infrastructure, significantly streamlining the development process and reducing upfront costs. Adding to its appeal, Allen Road, the primary access point, is scheduled for a widening project to four lanes in 2025, promising enhanced accessibility and visibility. This strategic location, coupled with the existing infrastructure and future road improvements, positions this land as a highly desirable and lucrative investment opportunity. The substantial lot size allows for a significant number of residential units, catering to the growing demand for housing in the Greenville area. This is a rare chance to acquire a large, well-located tract of land primed for immediate development. Pitt County location and 27834 zip code.
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.