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629 Albemarle Ave 6,000 SF of Retail Space Available in Greenville, NC 27834
Highlights
- 6,000 SF freestanding retail building situated at Albemarle Avenue and West 5th Street in Downtown Greenville.
- Highly visible corner placement with frontage along both Albemarle Ave and W 5th St.
- Flexible Modified Gross lease terms with competitive pricing structure.
- Zoned IU, allowing a mix of commercial and light industrial uses suitable for retail or service businesses.
- On-site surface parking for approximately 18 vehicles, adding convenience for employees and customers.
- Central location near Greenville’s core neighborhoods and key city thoroughfares for strong local access.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,000 SF | 1 Year | $8.16 CAD/SF/YR $0.68 CAD/SF/MO $48,978 CAD/YR $4,082 CAD/MO | Modified Gross |
1st Floor
6,000 square feet available for lease.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Specialty Space
- Space is an outparcel at this property
- Central Air Conditioning
- Great location.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 6,000 SF | Year Built | 1945 |
| Property Type | Retail | Parking Ratio | 2.25/1,000 SF |
| Property Subtype | Freestanding | Cross Streets | W 5th St |
| Gross Leasable Area | 6,000 SF |
| Total Space Available | 6,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 6,000 SF |
| Year Built | 1945 |
| Parking Ratio | 2.25/1,000 SF |
| Cross Streets | W 5th St |
About the Property
629 Albemarle Avenue is a 6,000-square-foot single-story retail property positioned on a 0.15-acre lot within Greenville’s urban core. Built in 1945 and located at the intersection of Albemarle Avenue and W 5th Street, the site offers a strategic setting for businesses seeking excellent street visibility in a highly accessible location. The property’s layout provides a large, open-plan footprint adaptable for general merchandise retail, specialty stores, or service-based occupancies. The IU zoning designation further supports flexible use profiles, including certain light-duty operations, while maintaining compatibility with the surrounding neighborhood. Additional advantages include approximately 18 dedicated surface parking spaces and proximity to key city routes for straightforward ingress and egress. This asset is well-suited for tenants seeking affordable retail or mixed-use opportunities within Greenville’s redeveloping Downtown corridor.
- Signage
Nearby Major Retailers
Presented by
RTM Properties
629 Albemarle Ave
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