Vacant Multi-family Land - Greenville

Vacant Land for Sale
Catylist Listing ID: 29705589
Property Subtypes: Multi-Family, Other
Gross Land Area: 25 Acres
Sale Price: $1,493,000
Unit Price: $59,720 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/16/2018

Overview / Comments

This property is in a rapidly developing area of Greenville. The total property advertised is approximately 25 acres, of which 21 acres +/- is zoned R6 multi-family ($65,000 per acre) and 4 +/- acres is zoned R6A (duplex @ $32,000 per acre). Underground sewage, curb and gutter, road, and water is in place on the eastern portion of the property (approximately 6.95 acres of R6 land).

This property is located on the western side of Allen Rd. less than half a mile north of the Dickinson Rd. and Allen Rd. intersection. Laurel Ridge and Teakwood subdivisions border the property to the north. Vidant Hospital is 2 miles to the north. A new McDonalds restaurant is being built a quarter of a mile to the south on Allen Rd. This property is approximately 4 miles from Pitt Community College and 5 miles from East Carolina University.

Additional Details

Nearest MSA: Greenville
County: Pitt
Tax ID/APN: 73312, 03940, and 67549
Zoning: 21 AC. +/- R6 AND 4 AC. +/- R6A
Market Type: Medium
Property Located Between: Dickinson Ave/Allen Rd. intersection and Stantonsburg Rd/Allen Rd. intersection
Side of Street: West
Road Type: Paved, 2-Track
Property Visibility: Excellent
Legal Description: NC PIN: 4667496855 Deed Bk: 1750 Pg #: 47
Largest Nearby Street: Laurel Ridge Drive
Feet of Frontage: 380
Transportation: Bus, Highway
Highway Access: 2 miles from Highway 264 and .5 miles from Highway 13
Airports: Pitt Greenville Airport - 5 miles
Area Description: This area is comprised of many residential neighborhoods with commercial sites beginning to grow as well.
Lot Frontage: 657
Lot Depth: 450
Zoning Description: 21 ac. +/- R6 Multi-family 4 ac. +/- R6A Duplex
Topography: Level
Soil Type: Loam
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 38,857 87,386
Median Age: 31.63 31.24
Households: 16,830 35,948
The information presented herein is provided as is, without warranty of any kind. Neither Cape Fear REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.