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Value-Add Former Bank + Drive-Thru 3781 S Main St 8,839 SF Vacant Retail Building Online Auction Sale Farmville, NC 27828
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- 3781 S Main Street is a former financial institution with a drive-thru, safe deposit boxes, and a vault.
- Positioned for multiple adaptive reuse opportunities: office, medical, educational, civic, retail, pharmacy, or a bank.
- Single-tenant building is currently vacant and ready for immediate occupancy.
- Located in a growing community with historic charm and regional connectivity, a prime Main Street location with strong visibility and accessibility.
- Possibility to transform the drive-thru into a quick-service restaurant (QSR), due to high visibility and existing structure.
- Prime location with unparalleled accessibility and exposure, an ideal choice for businesses seeking a prominent presence in the Farmville community.
EXECUTIVE SUMMARY
This two-story, approximately 8,839-square-foot commercial building is situated at 3781 S Main Street, in the heart of Farmville. Previously utilized as a Bank of America branch and a Pitt Community College campus, the adaptable space features three offices, three classrooms, two ground-floor bathrooms, a break room, two storage areas, and a secure vault with safe deposit boxes. A convenient drive-thru adds further functionality. The second floor offers additional open space, ample storage, mechanical and electrical rooms, and two more bathrooms.
Its flexible layout makes it well-suited for office, financial, medical, governmental, or community-oriented uses. Adaptive reuse is feasible by converting the property with its existing drive-thru infrastructure into a quick-service restaurant. Being within the city’s designated Opportunity Zone, redevelopment is supported by tax benefits and incentives.
Farmville, North Carolina, is a vibrant and welcoming community located in Pitt County, just minutes from Greenville. Known for its small-town charm and historic downtown, Farmville has become an attractive destination for both businesses and families. The town offers excellent accessibility to major highways, proximity to East Carolina University and Vidant Medical Center, and a growing local economy. Farmville is also recognized for its arts, cultural events, and festivals, making it a hub for community engagement and cultural enrichment. With its combination of affordability, location, and quality of life, Farmville provides a positive environment for commercial investment.
There is a population of approximately 49,158 residents with an average household income of nearly $69,000 within the surrounding 10-mile radius. The growing population is expected to increase by 0.77% by 2029. Over $500 million is generated each year by the realm's consumer spending power. Of the daytime employment sectors, education and health services, trade, transportation, and utilities, and public administration are the largest.
Its flexible layout makes it well-suited for office, financial, medical, governmental, or community-oriented uses. Adaptive reuse is feasible by converting the property with its existing drive-thru infrastructure into a quick-service restaurant. Being within the city’s designated Opportunity Zone, redevelopment is supported by tax benefits and incentives.
Farmville, North Carolina, is a vibrant and welcoming community located in Pitt County, just minutes from Greenville. Known for its small-town charm and historic downtown, Farmville has become an attractive destination for both businesses and families. The town offers excellent accessibility to major highways, proximity to East Carolina University and Vidant Medical Center, and a growing local economy. Farmville is also recognized for its arts, cultural events, and festivals, making it a hub for community engagement and cultural enrichment. With its combination of affordability, location, and quality of life, Farmville provides a positive environment for commercial investment.
There is a population of approximately 49,158 residents with an average household income of nearly $69,000 within the surrounding 10-mile radius. The growing population is expected to increase by 0.77% by 2029. Over $500 million is generated each year by the realm's consumer spending power. Of the daytime employment sectors, education and health services, trade, transportation, and utilities, and public administration are the largest.
MATTERPORT 3D TOURS
3D Exterior
/2
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Bank
Building Size
8,839 SF
Building Class
C
Year Built
1965
Tenancy
Single
Building Height
2 Stories
Building FAR
0.32
Lot Size
0.63 AC
Opportunity Zone
Yes
Parcel Number
000778
Zoning
CBD - Central Business District
Parking
20 Spaces (2.26 Spaces per 1,000 SF Leased)
Frontage
169’ on South Main Street
AMENITIES
- Drive Thru
Walk Score®
Very Walkable (71)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
4,351
6,658
9,022
2020 Population
4,023
6,214
8,725
2029 Population
4,594
7,010
9,411
2024-2029 Projected Population Growth
5.6%
5.3%
4.3%
Daytime Employees
2,078
3,113
3,274
Total Businesses
264
349
386
Average Household Income
$67,014
$64,731
$62,912
Median Household Income
$41,458
$42,357
$42,729
Total Consumer Spending
$47.8M
$72.3M
$97.1M
Median Age
41.2
41.5
41.3
2024 Households
1,805
2,757
3,705
Percent College Degree or Above
12%
10%
11%
Average Home Value
$246,721
$228,563
$209,488
NEARBY MAJOR RETAILERS
SALE ADVISOR
SALE ADVISOR
Stanley Armstrong, Broker/Owner
Stan Armstrong holds a Bachelor of Science degree in chemistry from Wake Forest University, Winston-Salem, North Carolina. His industrial experience began with E.I. DuPont Company, where he held titles that included chemist, supervisor, marketing manager, occupational health specialist and assistant medical director during his six-year tenure. Since founding The Armstrong Company in 2000, and joining Kittrell and Armstrong in 2003, he has focused on investment transactions, commercial and industrial sales, land sales and 1031 tax free exchanges. Stan also offers consulting and advisory services.
Stan is past Chair of the International Activities Committee of CCIM and is on the International Member Group Committee for SIOR. Stan has served on the Board of Directors of the Pitt County Committee of 100 and is a past President of the Greenville Evening Rotary Club.
Stan is past Chair of the International Activities Committee of CCIM and is on the International Member Group Committee for SIOR. Stan has served on the Board of Directors of the Pitt County Committee of 100 and is a past President of the Greenville Evening Rotary Club.
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AUCTION CONTACT
Kevin Loudy
Contact
Ten-X Licensing:
Ten-X, LLC Samantha Corbat RE Brkr C34060. Ten-X, LLC Auction Firm 10478. NCALB Disclosure: Broker Contact is the Seller’s Real Estate Listing Agent providing real estate services only. Broker Contact is not acting as an Auctioneer.
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Value-Add Former Bank + Drive-Thru | 3781 S Main St
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