Property profile

302 Vernon Ave Kinston, NC 28501

OFF-MARKET
Retail properties & Spaces
Property ID
US53-2713903
864 SF 0.14 ac lot Built 1995
Individually Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 302 E Vernon Avenue in Kinston, North Carolina, presents a fantastic investment opportunity. Boasting a generous 864 square feet of space, this versatile property sits on a conveniently sized 0.14-acre lot, offering ample room for various commercial endeavors. The property's "Other" classification allows for a wide range of potential uses, subject to local zoning regulations. The asking price of $130,000 represents a compelling value in the Kinston market. Its prime location within Kinston provides easy access to local amenities and transportation routes, making it an attractive proposition for businesses seeking a strategic foothold in the area. The property's existing structure offers a solid foundation for immediate occupancy or renovation, depending on the buyer's specific needs and vision. Further due diligence is recommended to fully assess the property's potential and suitability for intended use. This is a rare opportunity to acquire a well-situated commercial property at an attractive price point. Serious inquiries are encouraged to explore this promising investment prospect further. The property is being sold "as is." All interested parties are responsible for conducting their own independent inspections and verifying all information provided.

Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1995
Total area 864 SF
Lot 0.14 ac (6,098 SF)
Zoning code RO
APN 452548456833
UPID US53-2713903

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Barber Shop

Location

302 Vernon Ave Kinston, NC 28501-4455
Kinston metro Census 10500 KINSTON, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$70k

Owner & transaction history

since 2022
Last sale
$4,000
1 recorded transaction
2022
$4,000

Zoning & alternative use

RO · Kinston, NC
Zoning description

6.3.8. RO Residential Office District. The RO district is intended to provide a means of orderly development in areas of mixed land uses, in areas which have a high strip commercial potential such as those adjacent to ma…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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