550 N East Street Kinston, NC ^$ 499,000

550 N East Street

^$ 499,000

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550 N East Street

Kinston, NC, 28501

^$ 499,000

Bedrooms-- Baths-- Sq 6,434

Monthly Estimate*

^$ 3,113

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Commercial Property for sale in Kinston, NC

for $499,000. This 6,434 square foot building was built in 1966 on a lot size of 0.5.

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.

Commercial Active

Price

^$ 499,000

Property Type

Commercial

Taxes

^$ 2,165

Style

Commercial Sale

Lot Size

0.5

Year Built

1966

Town/City

Kinston

County/Region

Lenoir

MLS | Web ID

100537038

Features

General

Heating Heat Pump Electric Forced Air

Cooling Heat Pump

Utilities Electricity Connected

Possession Close Of Escrow At Closing

Roof Metal Flat

Zoning I 1

Construction Materials Brick

Year Built 1966

Tax Year 2025

Current Use Retail Commercial

Taxes 2165.32

Parcel Number 452515540637

Business Type Retail

County Lenoir

New Construction N

Property Type Commercial Sale

In City Limits? (Y/N) Y

HOA N

Attached Garage N

Subdivision Name Not In Subdivision

Garage Y/N N

Status Active

Directions 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.

City Kinston

Lot Size Units Acres

Lot Size Square Feet 21780.0

Carport Y/N N

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Considered Y/N N

Standard Status Active

Tax Assessed Value 154115

Legal Description 550 N East Street

Exterior

Exterior Finish Brick

Parking Features Parking Lot Asphalt Lighted Paved

Lot Features Level Corner Lot

Water Source Public

Lot Size Area 0.5

Foundation Details Slab

Spa N

Building Area Total 6434

Lot Dimensions 239.3x136.6x98.8x28.7x147x120.9 ft

Lot Size Acres 0.5

Road Surface Type Paved

Waterfront Y/N N

Road Frontage Type City Street State Road Maintained Paved

Crops Included Y/N N

Horse Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Total Baths 0

Internal Only

Street Number 1 550

* Excluded Features

List By

Beatrice D Murray

Listing Agent

1St Class Real Estate Legacy Partners

Broker

beatricem@1stclassre.com

Affordability Calculator

$3,294

Per Month

Monthly Principal & Interest: $3,113
Monthly Property Taxes: $180
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Kinston, NC

Average List Price ^$390,940

Percent of Sale Price 22%

About Kinston, NC

19,440 Population

-19% Since 2002

^$31,927 Median Income

43.35 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3960720 Elementary School

3960847 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/6/2025	$499,000	-23.23%	Price Down
10/21/2025	$650,000		Listed Price

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550 N East Street, Kinston, NC, 28501 is a Commercial Property for sale at $499,000 with 6,434 sqft and a lot size of 0.5. 550 N East Street was built in 1966. The property's zip code is 28501 which is in Kinston, NC

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Copyright 2019 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.

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550 N East Street

Commercial Property for sale in Kinston, NC

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