Kinston Enterprise Center | 327 N Queen St
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Kinston Enterprise Center 327 N Queen St
26,581 SF 78% Leased Office Building Kinston, NC 28501 £391,055 (£15/SF)
Executive Summary
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.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Net Operating Income | - | - |
Financial Summary (Actual - 2022) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | - |
Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
26,581 SF
Building Class
C
Year Built/Renovated
1901/2003
Price
£391,055
Price Per SF
£15
Percent Leased
78%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
13,290 SF
Slab to Slab
15 ft
Building FAR
1.88
Land Acres
0.32 AC
Zoning
B-2 - Downtown Business District
Amenities
- Conferencing Facility
- Security System
- Signage
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Walk Score ®
Very Walkable (83)
PROPERTY TAXES
Parcel Number | 452555336860 | Improvements Assessment | £664,789 (2024) |
Land Assessment | £12,628 (2024) | Total Assessment | £677,417 (2024) |
PROPERTY TAXES
Parcel Number
452555336860
Land Assessment
£12,628 (2024)
Improvements Assessment
£664,789 (2024)
Total Assessment
£677,417 (2024)
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Kinston Enterprise Center | 327 N Queen St
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