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    164 Hwy 58 Kinston, NC 28504

    Sponsored
    For Sale
    $1,200,000

    16.1 Acres, High-Visibility Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 16.1-acre commercial property presents a significant investment opportunity in Kinston, North Carolina. Located at 164 S HWY 58 SOUTH, the site boasts high visibility and accessibility from a major thoroughfare, making it ideal for a wide range of commercial ventures. The expansive acreage offers ample space for development, allowing for flexibility in design and scale to accommodate various business needs. The property's strategic location within Kinston provides access to a robust local market and convenient connections to regional transportation networks. This is a blank canvas for entrepreneurs and developers seeking to establish a strong presence in a growing community. The substantial land area allows for the construction of large-scale facilities, multiple buildings, or a combination of both, catering to diverse business models. The high-traffic location ensures significant exposure to potential customers, maximizing the return on investment. This property represents a rare opportunity to acquire a substantial commercial parcel in a desirable location, offering significant potential for future growth and profitability. The asking price of $1,200,000 reflects the exceptional value and potential of this prime commercial land. Serious inquiries are encouraged to explore the possibilities this unique property offers. Further details regarding zoning and permitted uses are available upon request.

    Property Features for 164 Hwy 58

    General Information

    Property type
    Other commercial real estate
    Lot Size
    701,316 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Wholesale Shop Clothing Store Hotel & Motel Auto Parts Store Kitchen & Bath Department Store Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kinston
    County
    Lenoir
    State
    North Carolina
    Longitude
    -77.57475
    Latitude
    35.23606

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    FAQs

    What type of property is this?
    Commercial real estate - 16.1 Acres, High-Visibility Location
    Where is this commercial real estate located?
    The property is located at 164 Hwy 58 Kinston, NC.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (919) 581-0800
    Request Owner's contact information
    164 Hwy 58 Kinston, NC 28504
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    Kinston, NC 28504
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    164 Hwy 58 Kinston, NC 28504
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