Prime Kinston location, flexible industrial space.
Lot size:
44,000 SF
Description
Added:
Dec 11, 2024
Days on Market:
392
This exceptional 44,000-square-foot industrial property, located at 412 Park Ave, Kinston, NC 28501, presents a rare opportunity in a highly sought-after market. The building, classified as Class B, offers a versatile layout suitable for various uses, including manufacturing, warehousing, distribution, and flex space. With 24,000 square feet currently vacant, this property provides significant expansion potential. The building boasts a substantial 30-foot ceiling height, two loading docks, one drive-in door, and ample parking with 24 spaces. Situated on six acres of land, the property enjoys convenient access to NC 11, providing easy connectivity to Kinston and the broader Eastern North Carolina region. The strategic location, coupled with the limited supply of industrial-zoned properties in the area, makes this a truly unique investment. The current zoning allows for a wide range of uses, including but not limited to manufacturing, warehousing, distribution, auto repair, brewery, distillery, office, and retail. The ongoing development in the immediate vicinity further underscores the property's prime location and future growth potential within the Kinston market. This is an exceptional opportunity to acquire a versatile and strategically located industrial property in a rapidly developing area.
Property Features for 412 Park Ave
General Information
Property type
Distribution properties
Lease Type
Gross Lease
RSF (Rentable sq. ft)
44,000 SF
Class
B
Total Rate
25666.67
Unit(s) available at that property
Space
Size
10,000 SF
Rate per SF
$7
HighLights
Six‑acre fenced and gated lot.
33,000 SF warehouse with 34' clear height, two dock‑high doors, restrooms, LED lighting, sprinklers, and three‑phase power; plus over 30 parking spaces and up to 5 acres of lay down yard.
Over 12,000‑volt power supply.
12,600 SF office space, divisible, with private offices and conference rooms.
Distribution property - Prime Kinston location, flexible industrial space.
Where is this distribution property located?
The property is located at 412 Park Ave Kinston, NC.
What is the lease rate?
The lease rate is $7 SF/Yr.
What are key features of this property?
This property features: Six-acre fenced and gated lot.; 33,000 SF warehouse with 34' clear height, two dock-high doors, restrooms, LED lighting, sprinklers, and three-phase power; plus over 30 parking spaces and up to 5 acres of lay down yard.; Over 12,000-volt power supply.
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412 Park Ave 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
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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
412 Park Ave Kinston, NC 28501
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412 Park Ave, Kinston, NC
Catherine Dalyai
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412 Park Ave, Kinston, NC
Catherine Dalyai
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412 Park Ave, Kinston, NC
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412 Park Ave, Kinston, NC
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412 Park Ave, Kinston, NC
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to 412 Park Ave Kinston, NC 28501
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Catherine Dalyai
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