Greenville, North Carolina, is an attractive destination for investors seeking to capitalize on the city's growing economy and diverse range of Retail Properties For Sale. With 5 listings available, Retail Properties in Greenville offer a unique opportunity to tap into the city's strong healthcare, education, and manufacturing sectors. These properties can represent a variety of investments, from strip centers and shopping plazas to freestanding retail buildings and restaurants. Greenville's strategic location, amenities, and infrastructure make it an ideal place to invest in Retail Properties. The city is home to major companies like Grady-White Boats, Hyster-Yale Group, Thermo Fisher Scientific, and Denso, and is served by ECU Health Medical Center, the flagship hospital for ECU Health and the teaching hospital for the Brody School of Medicine. Additionally, the city's educational institutions, including East Carolina University, attract a large student population, creating a demand for retail services. With its growing population of approximately 90,000, Greenville offers a strong consumer base for Retail Properties.
Greenville's Retail Properties For Sale are situated in a city that is well-connected to major transportation hubs, including the Pitt-Greenville Airport and the G.K. Butterfield Transportation Center. The city's retail landscape is diverse, with opportunities available in shopping centers, restaurants, office properties, and hotels. For instance, shopping centers like the Greenville Mall offer a mix of local and national retailers, while restaurants like The Scullery and The Tipsy Teapot cater to the city's growing food scene. Office properties, such as those found in the Uptown area, provide space for businesses and entrepreneurs, while hotels like the Hilton Greenville and the Hampton Inn Greenville offer accommodations for visitors. With its unique blend of small-town charm and urban amenities, Greenville is an attractive destination for businesses and individuals alike, making it an ideal location for Retail Properties For Sale.
What is the average cap rate for retail properties in Greenville?
When it comes to retail properties in Greenville, investors can expect an average cap rate of 6.5%, which is a key metric to consider when evaluating the potential return on investment. To learn more about how cap rates work and what they mean for your investment, check out our article on what is a cap rate, which provides a comprehensive overview of this important concept.
How do location and foot traffic affect retail property values?
In Greenville, NC, the location and foot traffic of retail properties significantly impact their values. For instance, properties situated in high-traffic areas like Uptown Greenville, near East Carolina University, or along major roads such as US 13 and US 264, tend to command higher prices due to their proximity to amenities, infrastructure, and a large customer base, with an average price per square foot of $316 USD and an average size of 6,619 square feet.
