327 N Queen St - Office FOR SALE


Kinston, NC 28501
$495,000 USD
252-521-9219
327 N Queen St, Kinston, NC for Sale
$495,000 USD
Office - FOR SALE
1/39
null | Request Cap Rate

327 N Queen St
Kinston, NC 28501


OVERVIEW

Office building for sale in Downtown Kinston, includes 28 offices, a loading dock, freight and passenger elevators, a conference room, storage rooms and other amenities. Current tenants have short term leases in place. There are some vacancies that could be occupied by an owner occupant. Formerly a Sears Department Store, the building was remodeled into a small business incubator in 2003 to stimulate economic development in the downtown Municipal Service District. The incubator component of the redevelopment restrictions for this property expired in 2021. During the past 20 years of operating as such, we saw other businesses arrive and building rehabilitations take place downtown. Those include the Kinston Community Health Center, Tands/Bojangles headquarters, Realo Drugs, The O'Neal Hotel, The 1903 building, Art 105, the Community Council for the Arts, and the CSS Neuse Museum to name only a very few.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$19 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Kinston Enterprise Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1901

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,113 SF

ZONING

B-2

APN/PARCEL ID

452555336860

ASK ABOUT THIS PROPERTY

Jess EdwardsKinston Realty GroupMore Info
252-521-9219

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Jess EdwardsKinston Realty GroupMore Info
252-521-9219

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