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 |
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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