Greenville Land for Sale

Greenville Land for Sale

Welcome to Greenville, North Carolina – a vibrant city nestled in the heart of Pitt County, where Southern charm meets modern living. Known for its rich history and dynamic culture, Greenville is home to East Carolina University, making it a hub of education and innovation. With a population that embraces diversity and a community spirit that thrives on togetherness, Greenville offers a unique blend of urban amenities and small-town warmth.

As you explore the opportunities in this enchanting city, consider the land for sale that awaits you. Whether you envision building your dream home, developing a commercial space, or investing in a burgeoning area, Greenville's real estate market is ripe with potential. The available land parcels are strategically located, providing easy access to major highways, local shopping, and recreational areas.

Imagine waking up to the gentle sounds of nature while being just minutes away from the vibrant downtown scene, filled with eclectic shops, delicious dining options, and lively entertainment. Greenville is also known for its beautiful parks and outdoor spaces, perfect for family gatherings, weekend picnics, or leisurely strolls.

Investing in land in Greenville not only means becoming part of a thriving community but also enjoying the benefits of a growing economy and a welcoming atmosphere. With its ideal location, rich cultural offerings, and a strong sense of community, Greenville is calling you to make your mark in this charming Southern city. Don’t miss the chance to seize this opportunity and create the life you’ve always dreamed of!

Newest Greenville Land for Sale

$115,000
100576174 MLS
Parcel 23817 contains +/- 38 acres (per my measurement of the aerial tax map) of woodland on the north and the south side of the I 587 corridor. The acreage on the north side of the I 587 W corridor has access via Silas Lane, a gravel private right of way, and is in the Greenville ETJ. It is zoned RA 20 for low density residential use. The property owner reports the cell tower has been purchased by Crown Castle Towers 09, LLC and the site is no longer leased. The south side contains a billboard that is leased to the Lamar Companies. The billboard site will most likely be purchased by the Lessee. The most recent lease renewal became effective on June 17, 2019 for a 10-year term. The lease specifies an automatic 10-year renewal at the same terms and conditions. Thus, the lease is relatively long-term with approximately 14 years remaining on the term. Owner reports that the annual rent is $2,000. No rent escalations are specified in the lease agreement. The Lessee has the Right of First Refusal to purchase the billboard site if the Lessor elects to sell the property. The Lessee also has the right to purchase a perpetual easement for the billboard site for 6 times the annual rent or $12,000 if the Lessor opts to sell the property. The Lessee also has the right to terminate the lease at lease at any time by providing written notice. Nevertheless, the lease is expected to be renewed for the foreseeable future. The value of this lease is calculated by discounting the income stream to present value. A 6% discount rate is used in this analysis since this rate appears to be appropriate in the current market. The present value factor for an ordinary level annuity at a 6% discount rate for a 14-year term is 9.294984. Thus, the present value of the $2,000 annual income stream is $18,589.97. The legal description is outdated as well as the acreage for the property on the county tax site from where I 587 passed through decades ago. It will be the buyer's responsibility to obtain a survey for title insurance.

1901 I 587, Greenville

Listing courtesy of Berkshire Hathaway HomeServices Prime Properties.

Seller Representative Berkshire Hathaway HomeServices Prime Properties

Listing courtesy of Berkshire Hathaway HomeServices Prime Properties. Contact:

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