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    1704 Nc-11 Kinston, NC 28504

    Sponsored
    For Sale
    $99,999

    7.22 Acres, B-1 Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 7.22-acre commercial land parcel presents a compelling investment opportunity in Kinston, North Carolina. Strategically located on Highway 11, this property boasts a highly desirable B-1 zoning classification, allowing for a diverse range of commercial uses. The site enjoys exceptional visibility with an impressive 18,500 average annual daily traffic (AADT) count, ensuring significant exposure for any development. Future infrastructure improvements are anticipated to further enhance the property's value. Proposed plans for the Highway 70 Kinston Bypass project will place an exit just one minute away, dramatically increasing accessibility and desirability. While situated in Flood Zone AE, the substantial acreage and prime location outweigh this consideration for many developers. This property is ideal for a variety of commercial ventures, offering significant potential for growth and return on investment. The asking price is $99,999. The address is 1704 NC-11, Kinston, NC 28504, Lenoir County. This is a rare opportunity to acquire a well-positioned commercial land tract in a growing area.

    Property Features for 1704 Nc-11

    General Information

    Property type
    Land
    Lot Size
    314,503 SF

    HighLights

    • Highway 70 Kinston Bypass will add an exit one minute away.
    • High traffic count: 18,500 AADT.
    • Zoned for diverse commercial uses.
    • Excellent site for commercial development.
    • High visibility from Highway 11.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Kinston
    County
    Lenoir
    State
    North Carolina
    Longitude
    -77.6176559
    Latitude
    35.2433499

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    FAQs

    What type of property is this?
    Land - 7.22 Acres, B-1 Zoning, High Visibility
    Where is this land located?
    The property is located at 1704 Nc-11 Kinston, NC.
    What is the asking price?
    The asking price for this property is $99,999.
    What are key features of this property?
    This property features: Highway 70 Kinston Bypass will add an exit one minute away.; High traffic count: 18,500 AADT.; Zoned for diverse commercial uses.
    Request Owner's contact information
    1704 Nc-11 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
    1704 Nc-11 Kinston, NC 28504
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