101 New StPink Hill, NC 28572

Property Details for 101 New St

Year built

1966

Lot size

31.59 AC

Property size (Sq ft)

22,102 SF

Property type

Office properties

Property subtype

Office buildings

APN

347711551234

APU

347711551234

Description

This exceptional industrial property in Pink Hill, NC, presents a significant opportunity. The single-tenant warehouse boasts a total of 41,000 square feet, encompassing a main building of 21,000 square feet and a secondary building of 20,000 square feet. The main building features a newly installed roof, upgraded lighting, and a modernized sprinkler system. It also includes approximately 1,600 square feet of office space with four offices, a large reception area, and two bathrooms. The high ceilings (13 feet clear) provide ample vertical space. The property includes four loading docks, four dock-high doors, and two drive-in doors, ensuring efficient loading and unloading. Situated on 10 acres of land, the property also offers a large 1-acre parking lot. The property is zoned industrial (APN 20927) and has an annual tax cost of $0.06 per square foot. This versatile space is ideal for a variety of industrial uses and offers significant potential for future expansion. The location in Lenoir County, NC (zip code 28572), provides easy access to major transportation routes. This is a rare opportunity to acquire a well-maintained, spacious warehouse in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,357,392

  6.5%

  $4,945,285

  7%

  $4,592,050

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,850,875

  Geo Method

  $5,073,293

• Alternative Use

  Use

  Valuation

  Residential

  $6,132,154

  Hospitality

  $5,617,020

  Educational

  $4,673,294

  Medical

  $4,834,016

  Retail

  $7,269,569

Location Insight

City

Pink Hill

County

Lenoir

State

North Carolina

Latitude

35.049

Longitude

-77.7461

CBSA code

28820

CBSA name

KINSTON, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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