Villages at West 5th Development Site

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