4105 Alma Lee DrWinterville, NC 28590

Property Details for 4105 Alma Lee Dr

Lot size

1.64 AC

Zone code

O

Property type

Office buildings

APN

71840

APU

71840

Description

This exceptional 3.12-acre commercial land parcel, identified by APN 71840 & 71841, presents a compelling development opportunity in Winterville, North Carolina. Located at 4105 Alma Lee Dr, 28590, this flat land is zoned "O" and offers significant potential for office development. The asking price is $561,600, translating to $180,361 per acre. Its strategic location on Alma Lee Drive, directly off Fire Tower Road, provides unparalleled visibility and accessibility. Fire Tower Road boasts nearly 40,000 vehicles per day, making it one of Greenville's busiest thoroughfares, ensuring high traffic exposure for any development. The property's proximity to Pitt Community College further enhances its appeal. This east-west connector road serves as a crucial link between Charles Blvd and Memorial Dr, providing convenient access to a wide range of amenities and services. Furthermore, the site benefits from its central location near established single-family housing developments and townhouse complexes, creating a strong residential base. Within a convenient 20-minute drive, the property offers easy access to ECU Health Medical Campus and East Carolina University, presenting additional opportunities for synergy and growth. This prime location and high traffic count make this land an excellent investment for developers seeking a high-impact commercial project.

• CAP approach

  CAP return

  Valuation

  6%

  $17,316,142

  6.5%

  $15,984,132

  7%

  $14,842,408

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,911,176

  Geo Method

  $16,397,879

• Alternative Use

  Use

  Valuation

  Residential

  $19,820,324

  Hospitality

  $18,155,310

  Educational

  $15,105,004

  Medical

  $15,624,489

  Retail

  $23,496,674

Location Insight

City

Winterville

County

Pitt

State

North Carolina

Latitude

35.5539

Longitude

-77.3787

CBSA code

24780

CBSA name

GREENVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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