406 Church StKenly, NC 27542

Property Details for 406 Church St

Year built

1990

Lot size

0.85 AC

Property size (Sq ft)

3,518 SF

Zone code

COM

Property type

Turn key restaurants

APN

03Q03022H

APU

03Q03022H

Description

This exceptional retail property, known as Kenly Square, is situated on a 3-acre lot at 406 S. Church Street in Kenly, North Carolina, zip code 27542. The property boasts a total building size of 34,829 square feet, currently featuring multiple tenants. A significant opportunity exists with 3,810 square feet of vacant space available for lease, ideal for expansion or new businesses seeking a prominent location in Kenly County. The building underwent renovations in 2019, ensuring modern amenities and a well-maintained structure. The property's classification is retail commercial, offering a versatile space suitable for a variety of businesses. Its convenient location on S. Church Street provides excellent visibility and accessibility for customers. The property's size and layout make it an attractive option for businesses seeking a substantial presence in a thriving community. This outparcel presents a unique opportunity to establish or expand a business in a prime retail location within Kenly Square. The property is categorized as multi-tenant, offering flexibility for various business models. Interested parties are encouraged to inquire about lease terms and availability for the vacant space. The property's recent renovations contribute to its modern appeal and functionality.

• CAP approach

  CAP return

  Valuation

  6%

  $1,253,531

  6.5%

  $1,157,105

  7%

  $1,074,455

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,346,852

  Geo Method

  $2,034,955

• Alternative Use

  Use

  Valuation

  Residential

  $976,062

  Hospitality

  $894,067

  Educational

  $743,854

  Medical

  $769,436

  Retail

  $1,157,105

Location Insight

City

Kenly

County

Johnston

State

North Carolina

Latitude

35.5918

Longitude

-78.132

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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