Property Details

I2 Zoning with Unlimited Possibilities

HIGHWAY 11/55 - KINSTON, NC 28504

Cash Price: $41,000

Market Value: $211,000

Savings of 81%

Acreage Zoning Flood Zone Utilities Survey Perc Test Access
10.24 Acres I-2 Heavy Industrial Zone AE (Via FEMA) Electric: City Available
Water: City Available
Sewer: City Available
No No Paved Road/Major Highway

Close to Neuse River, Perfect Storage Facility or Private Retreat!

This 10.24-acre property is strategically located along Highway 11 – Old Pink Hill Road with 840+/- feet of road frontage. With roughly 3.24 acres of usable land land leading to a large, tranquil private pond in the back with the foliage surrounding all neighboring sides for a serene relaxing up-close water feel. This would be the perfect spot for a Boat Storage facility with a nearby boat access ramp to the Neuse River. Also, with I-2 zoning, the property can be used as Retail, Warehousing, Storage Facility, Junk Yard/Salvage, Parking garage…. many possibilities. The location is near downtown Kinston, which is a growing town with many good attractions including delicious foods, stores, and only a short distance from the coast.

The property can be physically accessed by the road frontage on the highway. Currently, a guardrail is limiting vehicular access. The buyer would need to apply to NCDOT to install a proper vehicle entrance from the highway. There is city water, sewer, and electricity available in the area, but this would need to be verified by the buyer. Check the zoning document for all permitted and special uses allowed. The buyer is to verify any building codes or other requirements not listed. It is amid a flood zone. The property can be built on if you raise the foundation of the building up by using pilings or fill dirt. There are other businesses as well as a major roadway built. There is currently no perc test or survey available.

Take advantage of this great property at a heavily discounted rate!

Site Address: HWY 11/55, KINSTON, NC, 28504 (Sold)

County / State: Lenoir, NC

Parcel Number: 451504915290

Parcel Size: 10.24 Acres

Parcel Area: 446,054 Sq. Ft.

Zoning: I-2 Heavy Industrial

# of Dwellings Allowed to be Built: To be verified by buyer

Flood Zone: Zone AE (Via FEMA)

Electric: City available, to be verified by buyer

Water: City available, to be verified by buyer

Sewer: City available, to be verified by buyer

Survey/Plat Map: No

Percolation Test: No

Property Access: Paved Road/Major Highway

Legal Description: HWY 11/55

Subdivision: No

Center GPS Coordinates: 35.25643139417683, -77.5940858326421

RV Parking / Living Allowed: To be verified by buyer

Mobile Homes Allowed: To be verified by buyer

Farming Allowed: To be verified by buyer

Livestock Allowed: To be verified by buyer

Annual Taxes: $50.29

HOA Fees / Name of HOA: N/A

Elevation: 23 ft.

Elementary School: N/A

Middle School: N/A

High School: N/A

Buyers Agent Commission Offered: 3%

Title Provided: Warranty Deed w/ Title Insurance

Optional Seller Financing with a down payment of $11,000. No credit check. Property sold at retail market value $ 211,000, if seller-financed. Payments start as low as $ 1,981 for 360 months. Other payment options are available. No pre-payment penalty. Notes are held at 11.5% annual interest. Seller financing options require a $9.95/mo. note service fee. A one-time $299 document fee applies to all cash and financing sales.

Directions

Going south on N Queen Street toward W Caswell Street from NC-11 S/NC-55 W/Old Pink Hill Road, turn right at the second crosswalk onto NC-11 S/NC-55 W/W King St/Old Pink Hill Road, and continue straight ahead on the highway. The property would be beside on the road.


(754) 227-9426

trivettemktg@gmail.com

Terms and Conditions


Seller financing options require a $9.95/mo note service fee. Seller financing is only available with a full asking price offer. Any down payment or funds received are NON-REFUNDABLE. We are a national real estate investment company and in most cases we have not viewed the property in person. All of the information for this property that we are aware of has been disclosed within the listing details on our website. Please direct any additional questions regarding this property to the associated city/county governmental agency. Buyer is responsible for performing their own due diligence to verify all information is accurate and to be sure the property fits their needs. This property may still be in the process of closing with the previous owner and the deed will be transferred into our name shortly. In the meantime, this property is being pre-marketed with the permission of the previous owner. This property is guaranteed to be sold with a Warranty Deed and full title insurance.