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    1660 Dunn Rd Kinston, NC 28501

    Sponsored
    For Sale
    $800,000

    Prime 23.6-acre industrial nursery operation. Excellent infrastructure.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 23.6-acre industrial property in Kinston, North Carolina, presents a unique investment opportunity. Currently operating as a nursery, the site boasts a substantial 60' x 100' x 14' metal building, ideal for various industrial uses. A significant feature is the inclusion of a walk-in cooler, equipped with two-inch water lines, and readily accessible city water. The property also includes a carport shelter and a six-foot high barbed wire fence surrounding the growing area. Electrical upgrades were completed between 2018 and 2019, ensuring modern and reliable power. The property further benefits from prepared pads for three potential 35' x 300' greenhouses, offering significant expansion potential. Located at 1660 Dunn Rd, Kinston, NC 28501, this property offers convenient access and is situated in Lenoir County. An optional caretaker's house is also located on the property, adding to its versatility. The asking price for this turnkey operation is $800,000. This property is zoned for industrial use and presents a rare opportunity to acquire a well-established and equipped site ready for immediate operation or expansion.

    Property Features for 1660 Dunn Rd

    General Information

    Property type
    Land

    HighLights

    • 23.6‑acre industrial property in Kinston, NC.
    • 60' x 100' x 14' metal building with walk‑in cooler and city water.
    • Electrical upgrades (2018‑2019).
    • Prepared pads for three potential 35' x 300' greenhouses.
    • Optional caretaker's house.
    • $800,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Department 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
    -77.541952241605
    Latitude
    35.283097092186

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    FAQs

    What type of property is this?
    Land - Prime 23.6-acre industrial nursery operation. Excellent infrastructure.
    Where is this land located?
    The property is located at 1660 Dunn Rd Kinston, NC.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: 23.6-acre industrial property in Kinston, NC.; 60' x 100' x 14' metal building with walk-in cooler and city water.; Electrical upgrades (2018-2019).
    Request Owner's contact information
    1660 Dunn 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
    1660 Dunn Rd Kinston, NC 28501
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