Property profile

0 Gtwy Dr Greenville, NC 27834

OFF-MARKET
Retail properties & Spaces
1.54 ac lot
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Property summary

AI-generated overview

This exceptional 1.54-acre commercial lot, situated in Pitt County's desirable Gateway Marketplace, presents a unique investment opportunity. Zoned CG (General Commercial), this property boasts prime visibility and accessibility, located off I-587 and Highway 11 Bypass, offering easy access for customers and employees. The site benefits from existing stormwater and utility infrastructure, significantly reducing development costs. This lot is one of the last remaining GC-zoned retail pads in Greenville's thriving medical district, adjacent to a high-performing Walmart Neighborhood Market and Dollar General, and near a top-performing Speedway. The surrounding area features a high concentration of multifamily residential units, ensuring a robust customer base. Gateway Marketplace is a planned 14+ acre mixed-use development at the last signaled intersection between Greenville and Raleigh, making it a strategic location for businesses seeking high visibility and convenient access to a large population base. Greenville, the 10th largest city in North Carolina, boasts a metropolitan area exceeding 230,000 residents and is home to East Carolina University (ECU), with over 28,500 students and 5,600 employees. The city also houses ECU Health's medical campus, a major employer with over 6,000 employees and the only Tier 1 trauma hospital east of I-95. This property's strategic location, coupled with its readily available infrastructure and proximity to established businesses and a large population, makes it an ideal site for a variety of commercial ventures. The asking price is $577,550, representing a land value of $275,000 per acre.

Property profile

Verified
Property type Retail properties & Spaces
Lot 1.54 ac (67,082 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Gtwy Dr 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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