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    OFF-MARKET
    Land

    410 3Rd St, Greenville, NC 27834

    3.3 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3.3-acre parcel at 410 W Third Street in Greenville, North Carolina (zip code 27834), presents a unique investment opportunity. Currently zoned CD - Downtown Commercial, this land allows for unlimited density and zero setbacks from the road, maximizing development potential. Located in Pitt County, the property enjoys a highly desirable location near the vibrant East Carolina University campus, home to approximately 28,500 students, and the ECU Health Medical Center, employing 6,800 individuals. This proximity ensures a robust and growing population base. The asking price is $1,750,000, translating to $530,303 per acre. Given the current market rate apartment vacancy rate in Greenville of approximately 3%, and the significant demand for housing in the Northwest area of the city, this site offers exceptional potential for high-density residential development. The property's strategic location near downtown Greenville further enhances its appeal and investment value. This is the last available land in the downtown Greenville area, making it a truly rare and compelling opportunity for developers seeking a prime location with significant upside.

    Property profile
    Verified
    Property type Land
    Lot 3.3 ac (143,748 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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