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    OFF-MARKET
    Retail properties & Spaces

    302 Vernon Ave, Kinston, NC 28501-4455

    864 SF 0.14 ac lot Built 1995
    Individually Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-2713903
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Gifted Hands Barber Shop Barber Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Victor Freeman · 3 yrs held
    Victor Freeman
    since 2022
    Last sale
    $4,000
    1 recorded transaction
    2022
    $4,000
    Zoning & alternative use
    RO · Kinston, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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