327 Queen St Kinston, NC 28501

Property Details for 327 Queen St

Year built

1901

Lot size

0.33 lot acres

Property size

26,500 SF

Property type

Office space

Description

This exceptional 26,500 square foot Class B office building, located at 327 N Queen St in Kinston, NC, presents a unique investment opportunity. Originally constructed in 1901 and extensively renovated in 2001, this two-story building boasts a rich history, having served as a Sears Department Store before its transformation into a small business incubator. The property features 28 individual offices, a convenient loading dock, freight and passenger elevators, a dedicated conference room, and ample storage space. Situated on a 0.33-acre lot, the building is zoned B-2, offering flexibility for a variety of uses. Currently at 60% occupancy, this multi-tenant property offers significant upside potential. The building's prime downtown location benefits from the revitalization efforts of the past two decades, evidenced by the presence of nearby establishments such as the Kinston Community Health Center, Tands/Bojangles headquarters, and several other businesses. While previously operating under incubator redevelopment restrictions (expired in 2021), this property is now free to adapt to a new owner's vision. The asking price is $495,000, translating to $25.47 per square foot. This represents a compelling opportunity to acquire a substantial, well-located commercial property in a growing downtown area.

Location Insight

City

Kinston

County

Lenoir

State

North Carolina

Longitude

-77.5806133

Latitude

35.2633602