Downtown Redevelopment Opportunity

Office for Sale
Catylist Listing ID: 30800998
Property Subtypes: Mixed Use
Building Size (RSF): 9,698 SF
Sale Price: $1,500,000
Unit Price: $154.67 PSF
Property Use Type: Investment
Class of Space: Class C
Usable Size (USF): 9,698 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/6/2022

Overview / Comments

This downtown redevelopment opportunity is currently a mixed-use building in the heart of downtown Greenville. This property will serve as a prime redevelopment opportunity with the new construction of the Hilton Garden Inn 1 block away. The Hilton Garden Inn will be opening in the summer of 2023.

Currently, this mixed-use building houses office spaces on the first and second floors and two residential loft units on the second/third floor.​ The second floor was renovated in 2018. There are permanent parking spaces included on the backside of the building.​

Property is not Priced on a Cap Rate Basis but on Market Rate Square Footage.​

Furniture in Pictures is not included.​

Additional Details

Nearest MSA: Greenville
County: Pitt
Taxing Authority: 04479 & 07622
Tax ID/APN: 4688316880
Zoning: CD
Property Visibility: Excellent
Highway Access: I-587, Hwy 364
Airports: PGV - Serviced by American Airlines
Area Description: Whether you're looking for a retail outlet, boutique, bar, restaurant, living quarters, or office space, you will be within walking distance of all of these in The Dickinson Ave Development. The project has since featured Greenville's most popular breweries and unique eateries. In addition, the area features two of Greenville's most popular outdoor events, Freeboot Friday and the new Dickinson Avenue After Dark. Best known for its pre-home game celebration for East Carolina University's football team, Freeboot Friday draws an average of 2,800 people to the heart of Greenville. Freeboot Friday is festive with live music, inflatable Pirate Ships for the kids, local brewery beer flowing, and food sampling from local restaurants. Dickinson Avenue After Dark features all local breweries, cideries, and wineries east of I-95. The event hosts food trucks, cupcakes, and other tasty treats.
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1945

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,702 62,498 99,073
Median Age: 24.43 29.53 30.68
Households: 3,268 26,125 40,916

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