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    3 M L King Jr Blvd New Bern, NC 28562

    For Sale
    $500,000

    COMMERCIAL - New Bern, NC

    Lot size:
    3.06 Acres
    Days on Market:
    119
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 3 M L King Jr Blvd

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    C-3 & R-15
    APN
    8-206 -3002
    Lot size
    3.06 Acres

    Utilities

    Utilities
    Water Available
    Water source
    Public

    CCA Real Estate (252) 631-5220 [email protected]

    Listing agent Curtis Gatlin (252) 349-5533 License #320136

    Listing date Aug 9, 2025

    MLS# 100405651 Listing URL

    Copyright © 2025 Hive MLS / Topsail Island Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Bern Development Land

    This 3.06-acre property in New Bern, NC, presents a prime development opportunity. Zoned C-3 Commercial District and R-15, it supports both commercial and high-density residential development. The site benefits from New Bern city water and sewer services. Located on US Hwy 17, the property experiences an annual average daily traffic volume of 18,000 vehicles.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    New Bern
    County
    Craven
    State
    North Carolina
    Longitude
    -77.127137
    Latitude
    35.093963

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    FAQs

    What type of property is this?
    Land - 3.06 acres of commercial and residential development opportunity.
    Where is this land located?
    The property is located at 3 M L King Jr Blvd New Bern, NC.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Prime development land with commercial and high-density residential zoning.; - High traffic location: 18,000 vehicles daily on US Hwy 17.; - New Bern City water and sewer available.
    (252) 349-5533
    Request Owner's contact information
    3 M L King Jr Blvd New Bern, NC 28562
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    New Bern, NC 28562
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3 M L King Jr Blvd New Bern, NC 28562
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