Prime Multifamily Development Opportunity on Hard Corner

Special Purpose for Sale
Catylist Listing ID: 30762590
Building Size (RSF): 1,926 SF
Gross Building Area: See Agent
Gross Land Area: 4.69 Acres
Sale Price: $1,200,000
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Auction License Number: n/a
Cap Rate: Undisclosed
Last Updated: 1/21/2022

Overview / Comments

Private 4.69+/- acre lot with 1,926 SF home built in 1976 and a historic 2-story home built in 1901. This property is nestled between Copper Beech Townhomes and offers a wide range of options, as the adjoining properties are zoned commercial. The property can be redeveloped into a multifamily community or renovated and restored to its original charm with the privacy of 4.69+/- acres within the city limits. The site could potentially be rezoned to commercial zoning and developed for business purposes.

Additional Details

Nearest MSA: Greenville
County: Pitt
Taxing Authority: Pitt County
Tax ID/APN: 002476
Zoning: RESIDENTIAL (RURAL HOMESITE)
Property Located Between: Silver Maple Ln & Copper Beech Way
Property Visibility: Excellent
Largest Nearby Street: E 10th Street
Traffic/Vehicle Count: 36,500
Highway Access: Direct access to Hwy 33 East
Airports: PGV
Site Description: Partially wooded lot with brick ranch style house built in 1976 and historic house built in 1901.
Area Description: This residential zoned parcel is surrounded by commercial businesses. The property could potentially be rezoned to accommodate commercial use.
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Fair
Year Built: 1901
Year Renovated: 1976
Roof Type: Gable
Construction/Siding: Wood Siding
Parking Type: Surface
Parking Description: Private driveway with access off E 10th Street.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Interior of the historic house was partially demolished and will need to be renovated. The brick ranch is currently occupied and could be updated or redeveloped.
Zoning Description: Residential (Rural Homesite)
Lot Frontage: 292'
Lot Depth: 751'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Res Forbes & Moore

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,943 47,652 97,531
Median Age: 27.78 30.22 30.96
Households: 5,230 19,407 40,133

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