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    1501 Dr Martin Luther King Jr Blvd Kinston, NC 28501

    For Sale
    $495,000

    Prime Kinston auto shop, Hwy 11 frontage.

    Property size:
    2,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 2,200 square foot commercial building, located at 1501 Dr Martin Luther King Jr Blvd in Kinston, North Carolina (zip code 28501), is offered at $495,000 ($225 per square foot). Previously used as an auto repair shop and car wash, this property presents a versatile investment opportunity. Its zoning classification, Industrial-Business, allows for a wide range of potential uses, making it attractive to various businesses. The building enjoys a highly visible location directly on Highway 11, ensuring excellent exposure and accessibility for customers. The property's convenient location in Kinston, Lenoir County, North Carolina, offers easy access to local amenities and a strong regional market. This is a rare chance to acquire a well-situated commercial property with significant potential for growth and return on investment. The building's existing infrastructure, while previously used for automotive services, provides a solid foundation for future development and adaptation to new business ventures. Serious inquiries are encouraged to explore the possibilities this property offers.

    Property Features for 1501 Dr Martin Luther King Jr Blvd

    General Information

    Property type
    Automotive properties
    Square Feet
    2,200 SF

    HighLights

    • 2,200 SF commercial building at 1501 Dr Martin Luther King Jr Blvd, Kinston, NC 28501, offered at $495,000 ($225/SF).
    • Previously an auto repair shop and car wash, offering versatile use potential.
    • Industrial‑Business zoning allows diverse business types.
    • High visibility location on Highway 11 ensures excellent customer access and exposure.
    • Convenient Kinston, NC location provides easy access to amenities and a strong regional market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tripp's Tire & Muffler Auto Machine Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -77.5625464
    Latitude
    35.2769629

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    FAQs

    What type of property is this?
    Automotive property - Prime Kinston auto shop, Hwy 11 frontage.
    Where is this automotive property located?
    The property is located at 1501 Dr Martin Luther King Jr Blvd Kinston, NC.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 2,200 SF commercial building at 1501 Dr Martin Luther King Jr Blvd, Kinston, NC 28501, offered at $495,000 ($225/SF).; Previously an auto repair shop and car wash, offering versatile use potential.; Industrial-Business zoning allows diverse business types.
    (252) 560-9470
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    1501 Dr Martin Luther King Jr Blvd 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
    1501 Dr Martin Luther King Jr Blvd Kinston, NC 28501
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