Property summary
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
VerifiedCap rate & NOI
Current use
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Barber Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
RO · Kinston, NC6.3.8. 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RO in Kinston, NC.
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Find the owner behind the property.
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