705 Peed Drive Greenville, NC ^$ 775,100

705 Peed Drive

^$ 775,100

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705 Peed Drive

Greenville, NC, 27834

^$ 775,100

Bedrooms-- Baths-- Sq 9,426

Monthly Estimate*

^$ 4,836

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Commercial Property for sale in Greenville, NC

for $775,100. This 9,426 square foot building was built in 1987 on a lot size of 0.87.

705 Peed Dr is located in Summerfield Gardens in Greenville NC. This is a multi-family community in a great location - across from Parkers #1 off Memorial Dr. This is close proximity to dining and retail shopping and just 5 minutes to the hospital This building consist of 12 one bedroom/one bath apartments and 4 two bedroom/one bath apartments. Present rents are $550/month for one bedrooms and $650/month for 2 bedrooms(both are under market with room to increase). No large capital improvements are needed at this time. This property has a 94% occupancy rate- with a waiting list.

Commercial Pending

Price

^$ 775,100

Property Type

Commercial

Taxes

^$ 8,795

Style

Multi Family

Lot Size

0.87

Year Built

1987

Town/City

Greenville

County/Region

Pitt

MLS | Web ID

100537938

Features

General

Heating Baseboard Electric Heat Pump

Cooling Central Air Wall/Window Unit(s)

Utilities Electricity Connected

Possession Close Of Escrow At Closing

Roof Composition

Zoning R6

Construction Materials Brick Vinyl Siding

Occupancy 94.27

Year Built 1987

Property Subtype Multi Family

Tax Year 2025

Current Use Commercial Apartment Building

Taxes 8795.39

Location Residential

Parcel Number 46761

Gross Income 99300.0

Business Type Other

County Pitt

Net Operating Income 65884.0

Insurance Expense 3658.0

New Construction N

Property Type Commercial Sale

In City Limits? (Y/N) Y

HOA N

Attached Garage N

Subdivision Name Summerfield Gardens

Garage Y/N N

Status Pending

Directions Leaving the Cracker Barrel intersection heading north on Memorial Dr- turn left on Peed Dr- building will be on your left.

City Greenville

Association Name N/A

Number Of Units Total 16

Lot Size Units Acres

Lot Size Square Feet 37897.0

Carport Y/N N

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Considered Y/N N

Structure Type Wood Frame

Standard Status Pending

Tax Assessed Value 682614

Cap Rate 8.5

Legal Description Summerfield Gardens

Interior

Basement None

Flooring Carpet Vinyl

Water Heater Electric

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Attic Features Scuttle

Total Baths 0

Exterior

Exterior Finish Brick Vinyl Siding

Parking Features Public Parking Lot Asphalt Lighted Paved

Lot Features Level

Water Source Public Public2

Total Parking 25.0

Lot Size Area 0.87

Foundation Details Slab

Spa N

Building Area Total 9426

Lot Dimensions Front 129' x Left 328' x Rear 113' x Right 328'

Lot Size Acres 0.87

Road Surface Type Paved

Waterfront Y/N N

Road Frontage Type City Street State Road Maintained Paved

Crops Included Y/N N

Horse Y/N N

Internal Only

Street Number 1 705

* Excluded Features

List By

VIC COREY

Listing Agent

Vic Corey Real Estate

Broker

vic@viccoreyrealestate.com

Affordability Calculator

$5,569

Per Month

Monthly Principal & Interest: $4,836
Monthly Property Taxes: $733
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Greenville, NC

Average List Price ^$529,214

Percent of Sale Price 32%

About Greenville, NC

90,349 Population

36% Since 2002

^$40,764 Median Income

30.09 Median Age

22% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3960720 Elementary School

3960847 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/24/2025	$775,100		Listed Price

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705 Peed Drive, Greenville, NC, 27834 is a Commercial Property for sale at $775,100 with 9,426 sqft and a lot size of 0.87. 705 Peed Drive was built in 1987. The property's zip code is 27834 which is in Greenville, NC

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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705 Peed Drive

Commercial Property for sale in Greenville, NC

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