Greenville NC - Flex - Office - Warehouse 829-843 W Star St 11,464 SF Industrial Building Greenville, NC 27834 $1,875,000 ($163.56/SF)

Introducing the rare acquisition opportunity for this unique industrial flex property at 829-843 W Star Street. With a market shortage of such versatile properties, this offering stands out as a turnkey solution, ready for immediate occupancy.

829-843 W Star Street consists of an 11,464-square-foot main building and three outdoor storage shelters totaling 5,000 square feet, situated on a 2.44-acre parcel. The main building comprises 4,083 square feet of office space and 7,378 square feet of warehouse space. The office spans two stories and features five bathrooms, a break room, and a conference room, and the warehouse is equipped with four drive-in bays. The three shelters also present simple value-add opportunities by converting them into individual buildings, which could accommodate approximately six to eight leasable spaces that would be ideal for small service businesses, providing an additional income stream.

Located just off Highway 264 near the city's new belt loop, this site is strategically positioned to access Greenville’s most prominent anchors, including the medical district, East Carolina University, and Pitt-Greenville Airport, ideal for businesses reliant on local clientele. This site especially places consumer-based businesses in a strategic part of Greenville that is experiencing immense growth. In fact, the number of households within a 3-mile radius grew by 8% from 2020 to 2024, and that figure is expected to jump another 5% by 2029. On a broader scale, 829-843 W Star Street affords regional connectivity with destinations like Raleigh, Durham, Wilmington, the Outer Banks, Richmond, and Norfolk reachable in 2.5 hours or less.

This is a cost-effective opportunity compared to ground-up construction, and market trends indicate high tenant demand as industrial and flex assets perform particularly well in Greenville. As of Q4 2025, rents have changed by 3.6% year over year in Greenville, compared to a change of 1.4% nationally. Market rents have changed by 3.6% in logistics buildings year over year, 2.9% in flex buildings, and 3.6% in specialized buildings. In Greenville, five-year average annual rent growth is 8.2% and 10-year average annual rent growth is 6.8%. With an average market vacancy rate hovering around 2.5% since 2020 and minimal new construction, this supply strain is poised to push rents upward. These factors signal 829-843 W Star Street as an investment poised for value appreciation or an owner/user takeover to gain equity and avoid escalating rental costs.