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    OFF-MARKET
    Car washes

    102 Hershey Dr, Kenly, NC 27542

    4,184 SF 2 ac lot Built 2004
    Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-0992969
    Property summary
    AI-generated overview

    This 4,250 square foot industrial warehouse, located at 102 Hershey Dr, Kenly, NC 27542, presents a unique investment opportunity. Situated on two acres of land in Johnston County, this Class C building boasts a desirable location directly across from a shopping mall and near a busy truck stop exit, ensuring high visibility and accessibility. Built in 2004, the property features an 18-foot ceiling height, perfect for various commercial uses. The warehouse includes 20 dock-high doors, facilitating efficient loading and unloading. The flexible zoning (COM) allows for a wide range of potential tenants, including but not limited to car lots, mechanics, truck detailing businesses, and general warehousing. Single-tenant occupancy provides simplicity and control. This property is ideal for entrepreneurs seeking a high-traffic location and ample space to establish or expand their business. The combination of its size, location, and flexible zoning makes this an exceptional opportunity in the thriving Kenly market. The property's features are well-suited for a variety of commercial uses, making it a versatile and attractive investment.

    Property profile
    Verified
    Property type Car washes
    Use group CAR WASH
    Year built 2004
    Total area 4,184 SF
    Lot 2 ac (87,120 SF)
    Zoning code COM
    APN 03P06052Q
    UPID US53-0992969
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Bassam Mohamed Sidawi · 3 yrs held
    Bassam Mohamed Sidawi
    since 2023
    Last sale
    $310,000
    5 recorded transactions
    2023
    $310,000
    2021
    $310,000
    2019
    1969
    1969
    Zoning & alternative use
    COM · Kenly, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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