550 N East Street, Kinston, NC 28501
$499,000
Property Type:
Comm Sale or Lease
Square Footage:
6,434
Lot Size (sq. ft.):
21,780
Status:
Active
Current Price:
$499,000
List Date:
10/20/2025
Last Modified:
11/15/2025
Description
Supermarket for Sale: Exceptional Investment Opportunity in Kinston, NC
Prime Location, Ample Parking, Two Extra Lots Included
Located just minutes from downtown Kinston, NC, this grocery store offers an excellent investment with high visibility and easy accessibility. The property includes a spacious parking area that accommodates both regular customers and truckers, ensuring maximum convenience. Two adjacent lots—560 N East St (PID10984) and 319 E Washington Ave (PID9799)—come with the sale, providing outstanding potential for expansion or alternative development. The store is fully equipped and has some inventory on hand, making it ready for immediate takeover. All current inventory and equipment will transfer to the new owner at closing. Please note, the property does require some TLC, presenting a great opportunity for value enhancement.
More Information MLS# 100537038
Building/Ext Features
Lot Acres: 0.5
Lot SqFt: 21780
Lot Dimensions: 239.3x136.6x98.8x28.7x147x120.9 ft
Location Type: Mainland
Contract Info
Delayed Marketing?: No
Garage: N/A
Sale/Lease: Sale
List Price/SqFt: 77.56
Stipulation of Sale: Standard
Status: Active
Marketing Start Date: 2025-10-20
Listing Price: 499000
Current Price: $499,000
Location Information
City Limits: Yes
Marketing City: Kinston
Secondary Subdivision: N/A
Street #: 550
Pre Direction: N
Street Name: East
Street Suffix: Street
County: Lenoir
State/Province: NC
Zip Code: 28501
Subdivision: Not In Subdivision
Geo Lat: 35.265791
Geo Lon: -77.576088
Remarks and Showing
Sign on Property: Yes
Directions to Property: Head east on W Vernon Ave (US-70-BR/US-258-BR), until you reach the stop light at near Grainger Stadium. Turn right onto N East St. Go for four blocks and Henderson's Food Center in on the right.
Building Info
New Construction: No
Legal and Taxes
Tax Assessed Value: 154115
Deed Book: 2037
Deed Page: 578
Legal: 550 N East Street
Broker Owner: No
PID: 9797
Tax Identifier: 452515540637
Plat Book: NA
Plat Page: NA
Total Real Estate Property Taxes: 2165.32
Special Assessments: None
Tax Year: 2025
Zoning: I 1
Cobra Zone: No
Year Built: 1966
Business Type
Retail: 1
Current Use
Commercial: 1
Retail: 1
Exterior Finish
Brick: 1
Terms
Cash: 1
Conventional: 1
Foundation
Slab: 1
Fuel Tank
None: 1
Parking Features
Asphalt: 1
Lighted: 1
Parking Lot: 1
Paved: 1
Sale/Lease Includes
Buildings: 1
Business: 1
Fixtures: 1
Inventory: 1
Land: 1
Taxes: 1
Roof
Flat: 1
Metal: 1
Lot Description
Corner Lot: 1
Level: 1
Road Type/Frontage
Maintained: 1
Paved: 1
Public (City/Cty/St): 1
Cooling
Heat Pump: 1
Heating
Forced Air: 1
Heating System Fuel Source
Electric: 1
Utilities
Electricity Connected: 1
Water Source
Municipal Water: 1
Sewer
Municipal Sewer: 1
BuildingExt Features
SqFt - Heated (Primary): 6434
Property Features
Business Type: Retail
Exterior Finish: Brick
Foundation: Slab
Fuel Tank: None
Parking Features: Asphalt; Lighted; Parking Lot; Paved
Roof: Flat; Metal
Lot Description: Corner Lot; Level
Current Use: Commercial; Retail
Cooling: Heat Pump
Heating: Forced Air
Heating System Fuel Source: Electric
Utilities: Electricity Connected
Sewer: Municipal Sewer
Water Source: Municipal Water
Terms: Cash; Conventional
Listing Office:
1st Class Real Estate Legacy Partners
IDX
Last Updated: November - 15 - 2025
Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.