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34466202
34466871

2970 Hull Road, Kinston, NC 28504 For Sale

BY
NC NC 246339
Khoury Connect
Listed by Khoury Connect
$295,000
3 days on market
Updated 3 days ago
Opportunity zone

Weeks Automotive

Details
APN 4506-01-47-0116
Property Type Retail, Office
Sub Type Auto Shop
Square Footage 3,073
Units 1
Cap Rate 8.20%
NOI $24,085
Tenancy Vacant
Price per SqFt $96
Broker Co-Op True
Class C
Year Built 1997
Buildings 3
Stories 1
Acreage 1.690
Parking Spaces 30 spaces
Parking per 1,000 SqFt 9.76
Ground Lease No

Perfect for Owner/Operator

Marketing description

2970 Hull Road, Kinston, NC 28504 is a versatile commercial opportunity designed for owner-users, service operators, and investors alike. Situated on approximately 1.69 acres, this flexible property combines a clean 1,361± SF office building with multiple private rooms, two half baths, and a functional break area, plus two enclosed workshops totaling 1,712± SF.

The site is well suited for office, vehicle, and light service operations, with broad circulation, strong visibility, and capacity for a typical inventory of 25–30 vehicles. Workshop 1 offers 1,031± SF of operating space and is wired with compressed air, while Workshop 2 provides 681± SF with a sunken wash bay for added utility.

Positioned along Hull Road with quick access to US 258 and NC 148/C.F. Harvey Parkway, the property benefits from convenient regional connectivity and proximity to established businesses including Dollar General, Handy Mart, Cherry Energy, Piggly Wiggly, and Family Dollar.

Offered at $295,000, this is a compelling chance to secure a practical, adaptable commercial site in the Kinston market.

Investment highlights

  • 1.69 acres - County GIS map acreage
  • 3,073± measured SF - Office + two enclosed workshops
  • Office: 1,361± SF with multiple private rooms; single electric meter serves the site
  • Workshop 1: 1,031± SF wired with compressed air; tools/equipment separately owned
  • Workshop 2: 681± SF storage building with sunken wash bay; seller reports no power
  • Typical lot inventory: 25-30 vehicles
  • Seller reports a recently replaced water heater, no known roof leaks and prior HVAC servicing

NOTE: Cap and Lease rates are proforma based. Property will be vacant after closing.

Listing Contacts

BY
NC NC 246339
Khoury Connect
Listed by Khoury Connect

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$24,085.00
$2,007.08/mo

Valuation Metrics

0
DSCR
8.16%
Cap Rate
8.16%
ROI

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Additional Information

Name
Brian York
License
NC 246339
Brokerage
Exit Business Advisors Inc
Brokerage Phone
252-298-5000
Title
Broker In Charge
Brokerage Address
509 Evans Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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