445 Park Ave Kinston, NC 28501
- Industrial properties
- 96,000 SF
- 4.86 lot acres
Current Use by Public Records
- St matthew / Church
- East Coast Tires, Wheels, & Equipment / Wholesaler
Property Details for 445 Park Ave
- Year built
- 1982
- Lot size
- 4.86 lot acres
- Property size
- 96,000 SF
- Property type
- Industrial properties
- Property subtype
- Distribution centers
Description
This exceptional 96,000-square-foot distribution center in Kinston, North Carolina, is offered at $4,500,000. Located at 445 Park Ave, this multi-tenant property (currently 66% occupied) sits on a 4.86-acre lot (APN 9939) and features 12 dock-high doors, providing efficient loading and unloading capabilities. The building boasts a 20-foot ceiling height, a sprinkler system, and is zoned I1. Built in 1982, the property offers easy access to NC Hwy 11. The current leases are NNN and expire February 29, 2024, leaving zero remaining lease term. The price per square foot is $46.88. While some refrigerated space is possible, the current occupancy does not include refrigerated space. This prime location offers significant potential for investors seeking a strong foothold in the Eastern North Carolina market. The property's size, features, and strategic location make it an ideal investment opportunity for various distribution and warehousing needs. The ample space and convenient access to major roadways ensure smooth logistical operations. This property presents a compelling opportunity for investors seeking a high-return investment in a thriving industrial market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kinston
- County
- Lenoir
- State
- North Carolina
- Longitude
- -77.5716
- Latitude
- 35.2707
