19,300 +/- SF Industrial Building for Sale

Industrial for Sale
Catylist Listing ID: 30287728
Property Subtypes: Light Industrial
Building Size (RSF): 19,000 SF
Gross Land Area: 2.84 SF
Sale Price: $650,000
Unit Price: $34.21 PSF
Property Use Type: Investment
Usable Size (USF): 19,000 SF
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 3/25/2019

Overview / Comments

This property is situated at the corner of Dr. MLK Jr. Boulevard and E. Highland Avenue with plenty of access points from both roadways. This property is highly visible on your way to and from Greenville, NC. Built in 1954, this building originally operated as a car dealership for a number of years. Years later, NES Rentals occupied the space, however, after their merger with United Rentals early last year they opted to re-locate their machinery to a sister location.

Featuring 19,300 +/- square feet of combined office and warehouse space that includes, a conference room, gender specific restrooms, break room with a kitchenette; and the warehouse portion of the building boasting four large rolling doors can accommodate roll through tractor trailer traffic, as well as a awning located at the back of the building. This property is unique as it could serve as a great site for redevelopment or operate as is.

This property could serve as a great site for Redevelopment! The NCDOT AADT Mapping Application estimated approximately 14,000 vehicles travel by this location daily in 2016, making Dr. MLK Jr. Boulevard one of Kinston’s most highly trafficked roadways. This property hosts a number of up and coming businesses within less than two mile radius of it’s border, including: Mother Earth Brewing, Lovick’s Cafe, Sugar Hill Pizzeria, Reynold’s Seafood, and the home of the Carolina League DownEast Wood Ducks at Grainger Stadium.

Building needs to be measured for accurate dimensions. Contact for more information!

Additional Details

Nearest MSA: Kinston
County: Lenoir
Taxing Authority: Lenior County
Tax ID/APN: 2891-301
Zoning: I1
Property Located Between: E Highland Ave & Dr Martin Luther King Jr Blvd
Highway Access: NC HWY 58 and US- 70
Airports: RDU International Airport
Number of Stories: 2
Year Built: 1953
Roof Type: Other
Construction/Siding: Brick
Exterior Description: The lot size is 123,710 +/- SF, there is 687.1 SF of Frontage, the lots depth is 183.6 SF, the lot size is 2.840 Acres, the roof type is Concrete IRR/ Cathedral, and the outside of the building is brick.
Parking Type: Surface
Heat Type: Electricity
Interior Description: The interior has gypsum board walls, and the floors are carpet and vinyl.
Zoning Description: I -1 Zoning Districts are generally devoted to light manufacturing, processing and assembly uses, warehousing, retail storage and other compatible uses that are limited in noise and obnoxious odors, with minimal effects on adjacent areas.
Lot Frontage: 687.1
Lot Depth: 183.6
Land Ownership: NORTH CAROLINA
Legal Description: 1400 DR MLK JR BLVD; NES EQUIPMENT RENTALS; 1400 DR MLK JR BL

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,224 20,268 28,016
Median Age: 39.39 42.16 42.36
Households: 2,215 8,778 11,840
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