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    Land

    1660 Dunn Rd, Kinston, NC 28501

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    Property summary
    AI-generated overview

    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 profile
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    Property type Land
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
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    Permitted uses
    Allowed · conditional · prohibited
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