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    2909 Grainger Station Rd Kinston, NC 28501

    For Sale
    $599,000

    Historic school, 28,620 sq ft, 1.7 acres

    Property size:
    28,620 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 28,620-square-foot property, situated on a 1.7-acre lot in Kinston, North Carolina, presents a unique redevelopment opportunity. Originally constructed in 1901 and renovated in 2007, this two-story, two-building complex offers versatile space adaptable to various uses. The property's zoning is designated as Agriculture - Rural, allowing for exploration of diverse development options. Its strategic location near NC Highway 11 provides convenient access to both Kinston and Greenville, offering significant advantages for businesses and organizations. Furthermore, its proximity—within five miles—of the NC Global Transpark enhances its appeal for entities seeking proximity to this major transportation and logistics hub. The property's substantial size and flexible layout make it an ideal candidate for adaptive reuse, expansion, or redevelopment projects. The APN is 26027, and the address is 2909 Grainger Station Rd, Kinston, NC 28501. The asking price for this remarkable property is $599,000.

    Property Features for 2909 Grainger Station Rd

    General Information

    Property type
    Schools
    Square Feet
    28,620 SF
    Lot Size
    74,052 SF

    Building Details

    Year Built/Renovated
    1901/2007
    Buildings
    2
    Stories
    2

    HighLights

    • $599,000 asking price for this special purpose property.
    • 28,620 square feet on a 1.7‑acre lot.
    • Two buildings, two stories, built in 1901, renovated in 2007.
    • Located at 2909 Grainger Station Rd, Kinston, NC 28501, in Lenoir County.
    • Zoned Agriculture - Rural, near NC Hwy 11, and within 5 miles of the NC Global Transpark.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Greene Lamp Head ... Preschool God's House of Prayer ... Church

    Suggested Use

    Law Firm Building Supply Auto Repair Shop Hotel & Motel Electronics Store Daycare Center Plumbing Service Mobile Phone Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kinston
    County
    Lenoir
    State
    North Carolina
    Longitude
    -77.514365400314
    Latitude
    35.314893747036

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    FAQs

    What type of property is this?
    School - Historic school, 28,620 sq ft, 1.7 acres
    Where is this school located?
    The property is located at 2909 Grainger Station Rd Kinston, NC.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: $599,000 asking price for this special purpose property.; 28,620 square feet on a 1.7-acre lot.; Two buildings, two stories, built in 1901, renovated in 2007.
    Request Owner's contact information
    2909 Grainger Station Rd Kinston, NC 28501
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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
    2909 Grainger Station Rd Kinston, NC 28501
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