1501 Dr Martin Luther King Jr Blvd, Kinston, NC 28501
For Sale
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This 2,200 square foot commercial building, located at 1501 Dr Martin Luther King Jr Blvd in Kinston, North Carolina (zip code 28501), is offered at $495,000 ($225 per square foot). Previously used as an auto repair shop and car wash, this property presents a versatile investment opportunity. Its zoning classification, Industrial-Business, allows for a wide range of potential uses, making it attractive to various businesses. The building enjoys a highly visible location directly on Highway 11, ensuring excellent exposure and accessibility for customers. The property's convenient location in Kinston, Lenoir County, North Carolina, offers easy access to local amenities and a strong regional market. This is a rare chance to acquire a well-situated commercial property with significant potential for growth and return on investment. The building's existing infrastructure, while previously used for automotive services, provides a solid foundation for future development and adaptation to new business ventures. Serious inquiries are encouraged to explore the possibilities this property offers.
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Tripp's Tire & Muffler Auto Repair Shop Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I-B · Kinston, NCKinston. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.