600 3rd St Greenville, NC 27834-1926
Property summary
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
VerifiedCap rate & NOI
Current use
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Physician
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Church Mosque
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High School
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Community Garden
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Business Service Center Employment Agency
Value estimations
Owner & transaction history
Zoning & alternative use
(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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CDF · Greenville, NC(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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CDF in Greenville, NC.
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