2200 W Vernon Ave Kinston, NC 28504

This exceptional Kinston, NC investment opportunity presents a 15,907 square foot retail storefront complex situated on a 2.89-acre lot at 2200 W Vernon Ave. The property boasts three long-term tenants, achieving 100% occupancy and generating a strong pro-forma NOI of $67,900, representing a 7.34% pro-forma cap rate. The asking price is $925,000, translating to $58.15 per square foot. Built in 1956, the property includes three buildings, encompassing the main 15,907 square foot retail space, a 10,000 square foot metal warehouse, and a 6,000 square foot covered shelter. This versatile property is zoned I1, allowing for flexibility in commercial and industrial uses. Located on a highly trafficked area of Vernon Ave, with a daily traffic count of 18,500 vehicles, this property offers excellent visibility and accessibility. The property's strong tenant base, high occupancy rate, and prime location make it an attractive investment opportunity in Kinston's growing market. The APN is 10918 and the lease type is gross. This multi-tenant property offers a secure investment with significant potential for future growth. The property is located in Lenoir County, NC, zip code 28504.