2200 W Vernon Ave - Storefront Retail/Office FOR SALE


Kinston, NC 28504
$925,000 USD
252-560-9470
2200 W Vernon Ave, Kinston, NC for Sale
$925,000 USD
Storefront Retail/Office - FOR SALE
1/20
null | Request Cap Rate

2200 W Vernon Ave
Kinston, NC 28504


HIGHLIGHTS

  • Highest VPD in the area
  • Empty lot area and separate warehouse offer income possibities
  • Long term tenants

OVERVIEW

Presenting an exceptional investment opportunity located on the highly trafficked Vernon Ave in Kinston, NC. This property spans 2.89 acres and features a main retail building of 15,907 square feet, with three long-term tenants already in place. In addition, the site includes a 10,000 square-foot metal warehouse and a 6,000 square-foot covered shelter, providing versatile space for a variety of business needs. Zoned I1, this property offers flexibility for industrial and commercial use, making it an ideal fit for investors seeking strong rental income with growth potential. The prime location boasts a daily traffic count of 18,500, ensuring consistent visibility and access. This is a rare chance to own a premium property with established tenants in a high-demand area. Don't miss out on this solid investment opportunity in Kinston’s growing market.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$58 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2200 W Vernon

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

2.89 AC

LAND SF

125,888 SF

ZONING

I1

APN/PARCEL ID

451510455843

ASK ABOUT THIS PROPERTY

David EdwardsThe Overton GroupMore Info
252-560-9470

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David EdwardsThe Overton GroupMore Info
252-560-9470

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.