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    1209 New Bern Rd Kinston, NC 28504

    Sponsored
    For Sale
    $300,000

    Five-acre commercial lot, prime Hwy 70 location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional five-acre commercial lot presents a remarkable investment opportunity in Kinston, North Carolina. Strategically situated on Highway 70 (future Interstate 42), this property boasts unparalleled visibility and accessibility. The B-1 zoning allows for a wide range of commercial uses, making it ideal for businesses seeking high traffic exposure. With a substantial 30,000 vehicles passing daily, this location ensures maximum brand visibility and customer reach. The expansive lot provides ample space for new construction, including the potential for a large lay-down yard, catering to businesses requiring significant storage or operational space. The property's address is 1209 W New Bern Rd, Kinston, NC 28504, and its APN is 32693. This is a rare opportunity to acquire a highly visible and versatile commercial lot in a rapidly developing area. The asking price for this exceptional property is $300,000. Don't miss this chance to secure a prime location for your business venture.

    Property Features for 1209 New Bern Rd

    General Information

    Property type
    Land
    Lot Size
    217,800 SF

    HighLights

    • Five‑acre commercial lot in Kinston, NC, on Highway 70 (future I‑42).
    • High visibility and accessibility with 30,000 vehicles passing daily.
    • B‑1 zoning allows for diverse commercial uses.
    • Ample space for new construction, including potential lay‑down yard.
    • Address: 1209 W New Bern Rd, Kinston, NC 28504; APN: 32693.
    • Asking price: $300,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -77.604593256104
    Latitude
    35.256771561545

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    FAQs

    What type of property is this?
    Land - Five-acre commercial lot, prime Hwy 70 location.
    Where is this land located?
    The property is located at 1209 New Bern Rd Kinston, NC.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Five-acre commercial lot in Kinston, NC, on Highway 70 (future I-42).; High visibility and accessibility with 30,000 vehicles passing daily.; B-1 zoning allows for diverse commercial uses.
    (252) 560-9470
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    1209 New Bern Rd 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
    1209 New Bern Rd Kinston, NC 28504
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