2200 W Vernon | 2200 W Vernon Ave
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2200 W Vernon 2200 W Vernon Ave
15,907 SF 100% Leased Retail Building Kinston, NC 28504 $925,000 ($58/SF)
Investment Highlights
- Highest VPD in the area
- Long term tenants
- Empty lot area and separate warehouse offer income possibities
Executive Summary
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.
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.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,907 SF
Year Built/Renovated
1956/2000
Price
$925,000
Price Per SF
$58
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Land Acres
2.89 AC
Zoning
I1 - Light Industrial
Parking
33 Spaces
Frontage
291 FT on West Vernon Avenue
PROPERTY TAXES
| Parcel Number | 451510455843 | Total Assessment | $738,992 (2024) |
| Land Assessment | $511,530 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $227,462 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
451510455843
Land Assessment
$511,530 (2024)
Improvements Assessment
$227,462 (2024)
Total Assessment
$738,992 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
-
David Edwards -
The Overton Group
1 of 21
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2200 W Vernon | 2200 W Vernon Ave
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