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    OFF-MARKET
    Land

    1 Allen Rd Greenville, Greenville, NC 27834

    90 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 90 ac (3,920,400 SF)
    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
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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