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600 3rd St Greenville, NC 27834-1926

OFF-MARKET Schools Google Maps
20,599 SF 6.22 ac lot Built 1929
Individually Owned 8-yr Hold Free & Clear
Estimated value (blended)
$480k
Range $432k – $528k (±10%)
Property ID US53-1850095

Property summary

AI-generated overview

This exceptional 7.46-acre commercial land parcel presents a unique investment opportunity in Greenville, North Carolina. Situated just a short walk from the city's vibrant downtown core, this property boasts 520 feet of desirable waterfront along the Tar River. Its strategic location offers unparalleled access to a thriving community, placing it only one mile from East Carolina University (with an enrollment of 28,500 students) and two miles from the ECU Health Medical Campus (employing 6,500 individuals). The property's current zoning designation is CDF, making it well-suited for a variety of commercial developments, particularly multi-family projects. While the site currently includes two buildings, a warehouse, and open storage areas, these existing structures offer potential for adaptive reuse or redevelopment. The property's substantial size and prime location, combined with its proximity to major educational and medical institutions, create a compelling investment proposition with significant long-term growth potential. The property's APN is 83962. The asking price for this remarkable waterfront property is $3,730,000. This is a rare opportunity to acquire a significant piece of Greenville's waterfront real estate.

Property profile

Verified
Property type Schools
Use group COLLEGE, UNIVERSITY, VOC SCHOOL
Year built 1929
Total area 20,599 SF
Lot 6.22 ac (270,943 SF)
Zoning code CDF
APN 28933
UPID US53-1850095

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Physician
  • Church Mosque
  • High School
  • Community Garden
  • Business Service Center Employment Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$480k

Owner & transaction history

since 2017
4 recorded transactions
2017
Price N/A
2017
Price N/A
2012
Price N/A
2012
$290,000

Zoning & alternative use

CDF · Greenville, NC
Zoning description

(a) Within any CDF (Commercial Downtown Fringe) and/or OR (Office- Residential) Zoning Districts, all existing adjacent land uses with a LUC# 1 283 and/or LUC#2 shall be construed as LUC# 3 for purposes of determining pr…

General category COMMERCIAL

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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