302 Vernon Ave, Kinston, NC 28501-4455
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.
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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
RO · 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.