Villages at West 5th Development Site

Villages at West 5th Development Site

Greenville, NC
Under Contract
  • Property Type: Development/Land
  • Property Size: / 22.85± Acres / Up to 336 Units Sites

Overview

Capstone Land Sales is pleased to present The Villages at West 5th Development Site, a ±22.85 acre development site with multi-family zoning and due diligence in place that will allow for up to 336 market rate apartments by-right. The in-place zoning coupled with the completed due diligence, will allow developers to immediately begin construction on market rate apartments and capitalize on the 11% rent growth seen recently in the Greenville, North Carolina market. The Villages at West 5th Development Site is comprised of three separate parcels ideally located with tremendous visibility and close proximity to both the bustling medical corridor of Greenville and East Carolina University. The site sits visibly along West Fifth Street and is within one mile of NC Highway 11/Highway 64 giving future residents easy access to demand drivers across Greenville and into the Raleigh and Fayetteville MSAs. Greenville, North Carolina has seen exponential growth over the last few years, with the Vidant Health medical corridor leading the charge as the main economic driver in the market. The Villages at West 5th Development Site is an outstanding opportunity to develop a multi-family community in the rapidly growing Greenville market.

Investment Highlights

  • Zoned with Due Diligence Complete
  • Ideally Located with Tremendous Visibility and Access
  • Adjacent to Bustling Medical Corridor
  • Multi-family Rents Justify New Construction

Contact Information

Travis Cundiff Investment Sales Advisor P: 919.601.3119
O: 800.746.3175 ext. 792
tcundiff@capstone-companies.com
Eric Liebich Director P: 248.225.3706
O: 800.746.3175 ext. 730
eric@capstone-companies.com
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