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    FOR SALE
    Warehouses

    412 Park Ave, Kinston, NC 28501

    32,800 SF 20.6 ac lot Built 1980
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-2711455
    Property summary
    AI-generated overview

    This exceptional 2,800 square foot industrial property in Kinston, North Carolina, presents a fantastic opportunity for businesses seeking flexible warehouse or distribution space. Located at 412 Park Ave, Kinston, NC 28501, this property offers a convenient location, boasting multiple tenancy options within its single building. The building's versatile design caters to a range of industrial needs, encompassing warehouse, distribution, and flex space capabilities. Its prime location offers easy access to major transportation routes, enhancing logistical efficiency. The property is situated near the Kinston Wood Ducks Baseball Stadium, providing high visibility and convenient access for employees and clients. This 2,800 square foot space is ready for immediate occupancy, providing a cost-effective solution for businesses seeking to expand or relocate. The property is classified as industrial and is part of the Kinston, NC submarket. Interested parties are encouraged to inquire further to explore the possibilities this adaptable space offers. The property's address is easily accessible and well-suited for various industrial operations. This is a rare opportunity to secure a well-located and functional industrial space in a thriving area. The building's size and layout are ideal for a variety of businesses, making it a highly desirable property.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1980
    Total area 32,800 SF
    Lot 20.6 ac (897,336 SF)
    Zoning code I1
    APN 452511566894
    UPID US53-2711455
    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
    • Self Storage Brothers- Kinston Storage Facility
    • Coastal Club Nightclub Music Venue
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $550k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $866k
    Blend (final) Blend
    $710k
    Owner & transaction history
    Nucleus Real Estate And Design LLC · 2 yrs held
    Nucleus Real Estate And Design LLC
    since 2024
    2 recorded transactions
    2024
    2021
    Zoning & alternative use
    I1 · Kinston, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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