2601 Herritage StKinston, NC 28501

Property Details for 2601 Herritage St

Year built

1994

Lot size

1.29 AC

Property size (Sq ft)

4,120 SF

Zone code

B-1

Property type

Office properties

Property subtype

Office buildings

APN

452613134279

APU

452613134279

Description

This exceptional 4,120-square-foot medical office building presents a unique investment opportunity in Kinston, North Carolina. Located at 2601 N. Herritage St, this property boasts a desirable B-1 zoning designation and sits on a spacious 1.3-acre lot, providing ample parking and potential for future expansion. Constructed in 1994, the building features over twelve well-appointed offices or exam rooms, ideal for a thriving medical practice or related healthcare business. The building's net rentable square footage is 4,120 square feet. Its strategic location within Kinston's medical district ensures excellent visibility and convenient access for patients and staff. The property is offered for sale at $525,000. The owner is also open to leasing options. This presents a rare chance to acquire a well-established and versatile property in a growing area, offering both immediate income potential and long-term growth prospects. The property's size and location make it an attractive option for a variety of medical and professional uses. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $998,663

  6.5%

  $921,843

  7%

  $855,997

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,090,653

  Geo Method

  $945,705

• Alternative Use

  Use

  Valuation

  Residential

  $1,143,085

  Hospitality

  $1,047,060

  Educational

  $871,142

  Medical

  $901,102

  Retail

  $1,355,109

Location Insight

City

Kinston

County

Lenoir

State

North Carolina

Latitude

35.2895

Longitude

-77.5875

CBSA code

28820

CBSA name

KINSTON, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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