2200 Vernon AveKinston, NC 28504
High-Traffic Retail Complex, 3 Tenants
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 119
Highlights
- 15,907 SF retail storefront complex on a 2.89-acre lot in Kinston, NC.
- 100% occupancy with three long-term tenants, generating a $67,900 NOI and a 7.34% pro-forma cap rate.
- Asking price: $925,000 ($58.15/SF).
- Includes three buildings: 15,907 SF retail, 10,000 SF metal warehouse, and 6,000 SF covered shelter.
- I1 zoning allows for flexible commercial/industrial uses.
- High-traffic location (18,500 VPD) on Vernon Ave.
Property Details for 2200 Vernon Ave
- Property type
- Retail properties, Retail space
- Square Feet
- 15,907 SF
- Year Built
- 1956
- Buildings
- 3
- Lot Size (sq. ft)
- 125,888 SF
- Units
- 3
Location Insight
- City
- Kinston
- County
- Lenoir
- State
- North Carolina
- Latitude
- 35.270035325243
- Longitude
- -77.611111313419
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-Traffic Retail Complex, 3 Tenants
- Where is the retail property located?
- The property is located at 2200 Vernon Ave Kinston, NC.
- What is the asking price?
- The asking price for this property is $925,000.
- What are key features of this property?
- This property features: 15,907 SF retail storefront complex on a 2.89-acre lot in Kinston, NC.; 100% occupancy with three long-term tenants, generating a $67,900 NOI and a 7.34% pro-forma cap rate.; Asking price: $925,000 ($58.15/SF).
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts
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2200 Vernon Ave, Kinston, North Carolina, 28504
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2200 Vernon Ave, Kinston, North Carolina, 28504
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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